Ichimoku Cloud Analysis 02.09.2011 (GBP/USD, USD/CAD)

Analysis for September 2^nd, 2011

GBP/USD

GBPUSD, Time Frame Н4 - Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Dead Cross” (1), Kijun-Sen is horizontal, Tenkan-Sen is directed downwards. Ichimoku Cloud is going down (2), Senkou Span B is also horizontal, and Senkou Span A is going down. Chinkou Lagging Span is below the chart, but turned upwards, the price is below Tenkan-Sen. In the near term, we can expect the price to try breaking resistance of Tenkan-Sen.



GBPUSD, Time Frame Н1 - Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Golden Cross” (1), Tenkan-Sen is horizontal, Kijun-Sen is directed downwards. Kumo Cloud is going down, leading Senkou Span A is directed downwards, Senkou Span B is horizontal. Chinkou Lagging Span is below the chart, moving toward it, and is also directed downwards. The price fixed itself below Tenkan-Sen. In the near term, we can expect support of Tenkan-Sen.

USD/CAD

USDCAD, Time Frame Н4 - Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Dead Cross” (1), Tenkan-Sen is turning upwards, Kijun-Sen is horizontal. The descending Ichimoku Cloud is widening (2), Senkou Span A is horizontal, and Senkou Span B is falling. Chinkou Lagging Span is below the chart and is moving toward it. In the near term, we can expect support of Tenkan-Sen and resistance of Kijun-Sen.



USDCAD, Time Frame Н1 - Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Golden Cross” (1), Tenkan-Sen is directed upwards, Kijun-Sen is horizontal. Ichimoku Cloud is going up, Senkou Span A is directed upwards, Senkou Span B is also horizontal. Chinkou Lagging Span is on the chart, the price is above Tenkan-Sen. In the near term, we can expect the price to grow, as well as support of several indicator lines, such as Tenkan-Sen, Senkou Span A, and Senkou Span B.