Ichimoku Cloud Analysis 29.09.2011 (GBP/USD, USD/CAD, GOLD)

Analysis for September 29^th, 2011

GBP/USD

GBPUSD, 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 keeps going down, Senkou Spans A and B are also horizontal. Chinkou Lagging Span is above the chart, the price is above Tenkan-Sen inside Kumo Cloud. In the near term, we can expect resistance of Senkou Span B and the price to move downwards inside the cloud.



GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud in an upward direction (1), Ichimoku Cloud went from the red zone into the blue one (2). Chinkou Lagging Span is above the chart, the price is above the indicator’s lines. In the near term, we can expect the price to grow and return to Senkou Span A.

USD/CAD

USDCAD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected in an upward direction (1). Kumo Cloud is going up (2), Senkou Span A turned downwards, and Senkou Span B is horizontal. Chinkou Lagging Span is above the chart and is very close to it, the price is above the indicator’s lines. In the near term, we can expect the price to move downwards to the support line of Tenkan-Sen and Kijun-Sen and to rebound from it in an upward direction.



USDCAD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen are under the pressure of “Golden Cross” (1), Tenkan-Sen is directed downwards, and Kijun-Sen is horizontal. Kumo Cloud is going up, Senkou Span A turned downwards, and Senkou Span B is horizontal. Chinkou Lagging Span is above the chart, and 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 and support of Kijun-Sen.

GOLD

XAUUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are under the pressure of “Dead Cross” (1), Tenkan-Sen is horizontal, and Kijun-Sen is directed downwards. Ichimoku Cloud is going down, Senkou Spans A and B are moving away from each other, Senkou Span A is directed downwards, and Senkou Span B is horizontal. Chinkou Lagging Span is above the chart and is moving toward it, and the price is below Tenkan-Sen. In the near term, we can expect resistance of Tenkan-Sen and Kijun-Sen, and the price to move downwards.



XAUUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen are under the pressure of “Dead Cross” (1), both are horizontal. Ichimoku Cloud is going down, Senkou Spans A and B are also horizontal. Chinkou Lagging Span is below the chart, and the price is above Kijun-Sen below the Kumo’s lower border. In the near term, we can expect resistance of Senkou Span B, and the price to move downwards.