Ichimoku cloud analysis and forecast

”Ichimoku Kinko Hyo” translates to “one glance equilibrium chart”. The Ichimoku Kinko Hyo indicator is a technical indicator used in the financial 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 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 currency 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.


Ichimoku Cloud Analysis 02.06.2023 (GBPUSD, XAUUSD, AUDUSD)

GBPUSD is preparing to break a border of the descending channel; GOLD is pushing off the upper border of the Cloud, AUDUSD has secured above the resistance level.

Ichimoku Cloud Analysis 01.06.2023 (USDCHF, NZDUSD, USDCAD)

USDCHF is correcting before growth; NZDUSD is testing the resistance area, USDCAD has secured inside the Ichimoku Cloud.

Ichimoku Cloud Analysis 31.05.2023 (GBPUSD, AUDUSD, BRENT)

GBPUSD is correcting before a decline; AUDUSD is getting ready to break the support level, BRENT has left the borders of the bullish channel.

Ichimoku Cloud Analysis 30.05.2023 (EURUSD, USDJPY, USDCAD)

EURUSD has secured under the local low; USDJPY is pushing off the support level, USDCAD is preparing to break the upper border of the channel.

Ichimoku Cloud Analysis 29.05.2023 (GBPUSD, NZDUSD, AUDUSD)

GBPUSD is testing the Tenkan-Sen line of the indicator; NZDUSD is rebounding from the support area, AUDUSD is aiming at the upper border of the descending channel.

Ichimoku Cloud Analysis 26.05.2023 (EURUSD, USDCAD, USDJPY)

EURUSD is rebounding from the signal lines of the indicator; USDCAD is preparing to break the resistance level, USDJPY is correcting before a rise.

Ichimoku Cloud Analysis 25.05.2023 (GBPUSD, NZDUSD, XAUUSD)

GBPUSD is testing the lower border of the descending channel; NZDUSD is correcting before a decline, GOLD is squeezed inside a Triangle pattern.

Ichimoku Cloud Analysis 24.05.2023 (EURUSD, BRENT, AUDUSD)

EURUSD is testing the signal lines of the indicator; BRENT is growing by the signal given by the Triangle pattern, AUDUSD is preparing to break the April low.