Ichimoku Cloud Analysis 07.09.2011 (GBP/USD, USD/CAD)

07.09.2011

Analysis for September 7th, 2011

GBP/USD

GBPUSD, Time Frame Н4 - Tenkan-Sen and Kijun-Sen intersected forming “Dead Cross” (1), Tenkan-Sen and Kijun-Sen are horizontal. Ichimoku Cloud is going down (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is below the chart and is far away from it, the price is still below Tenkan-Sen. In the near term, we can expect the price to try breaking Tenkan-Sen and fix itself in the channel between Tenkan-Sen and Kijun-Sen.



GBPUSD, Time Frame Н1 - Tenkan-Sen and Kijun-Sen intersected forming “Dead Cross” (1), Tenkan-Sen is directed upwards, and Kijun-Sen is going down. Kumo Cloud is going down (2), leading Senkou Span A is falling, and Senkou Span B is horizontal. Chinkou Lagging Span is below the chart, the price is in the channel between Tenkan-Sen and Kijun-Sen. In the near term, we can expect support of Tenkan-Sen and the price to grow up to Senkou Span A.


USD/CAD

USDCAD, Time Frame Н4 - Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Golden Cross” (1), Tenkan-Sen and Kijun-Sen are horizontal. Kumo Cloud has changed the direction and now is going up (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is above the chart and is away from it, the price is in the channel between Tenkan-Sen and Kijun-Sen. In the near term, we can expect the price to fall down to Kijun-Sen.



USDCAD, Time Frame Н1 - Tenkan-Sen and Kijun-Sen intersected “Dead Cross”, Tenkan-Sen is directed downwards, and Kijun-Sen is horizontal. Kumo Cloud is going down, Senkou Span A is moving downwards, and Senkou Span B is horizontal. Chinkou Lagging Span is below the chart, the price is below Tenkan-Sen. In the near term, we can expect resistance of Tenkan-Sen and the price to fall down inside Kumo Cloud to Senkou Span B.


Attention!

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.