”Ichimoku Kinko Hyo” translates to “one glance equilibrium chart”. The Ichimoku Kinko Hyo indicator is a technical indicator used in the forex market and an exceptional system of analyzing and predicting, which combines several approaches to monitor price fluctuations and identify important support lines and major trends. One of the main advantages of the Ichimoku indicator for forex trading is that it provides a full-fledged chart analysis without additional indicators. With the help of signals, you can easily determine which trend the market is in.
For Forex trading, Ichimoku should be used on daily and weekly charts. With the correct setting of the Ichimoku indicator and the correct combination with candlestick analysis, traders can make their trading much more effective. In this constantly updated section, RoboForex experts explain how to use the system in real trading operations.
EURUSD is correcting inside the descending channel; AUDUSD is testing the signal lines of the indicator, NZDUSD is preparing to go on falling.
GBPUSD is correcting before further falling; BRENT is pushing off the lower border of the Cloud, USDCAD is testing the support level.
EURUSD is correcting inside a descending channel; NZDUSD is preparing to break through the support area, EURGBP has secured above the upper border of the channel.
AUDUSD is pushing off the support are; XAGUSD is correcting before going on falling, GBPUSD is testing the signal lines of the indicator.
EURUSD is about to break the support level; USDCAD is correcting within the cloud, while NZDUSD is testing Kijun-Sen.
GBPUSD is no longer moving within the bullish channel; USDCHF is rebounding from Tenkan-Sen and Kijun-Sen, while NZDUSD is getting ready for a reversal pattern materialisation.
USDCAD is falling within the bearish channel; EURUSD is about to break a Triangle pattern, while NZDUSD is rebounding from the cloud’s downside border.
USDJPY is rising within the bullish channel; Brent is testing the resistance level, while USDCHF has fixed above the cloud.