Ichimoku Cloud Analysis 06.10.2011 (GBP/USD, USD/CAD)

Analysis for October 6^th, 2011

GBP/USD

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud forming “Dead Cross” (1), Tenkan-Sen is directed upwards, and Kijun-Sen is horizontal. Kumo Cloud is going down (2), Senkou Span A is also directed upwards, 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 Kijun-Sen.



GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud forming “Dead Cross” (1), and now got very close to each other again, Tenkan-Sen is directed upwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going up (2), Senkou Spans A and B are moving away from each other. 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 return to support line of Senkou Span B and to continue moving upwards.

USD/CAD

USDCAD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Golden Cross”, now they are moving toward each other again and may form “Dead Cross”, Tenkan-Sen is directed downwards, and Kijun-Sen is horizontal. Kumo Cloud is still going up, Senkou Span A is horizontal, and Senkou Span B is moving upwards. Chinkou Lagging Span is above the chart and is moving toward it, the price is below Kijun-Sen. In the near term, we can expect the price to move downwards up to Senkou Span A.



USDCAD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Dead Cross” (1), both lines are directed downwards. Kumo Cloud is going down, Senkou Spans A and B are also directed downwards. Chinkou Lagging Span is below the chart, the price is below the indicator’s lines. In the near term, we can expect resistance of Tenkan-Sen and the price to continue moving downwards.