”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.
GBPUSD is rising within a bullish channel; USDJPY is rebounding from the resistance level, AUDUSD is correcting before a rise.
EURUSD has left the boundaries of the ascending channel; USDCAD is preparing to break the support level, NZDUSD is testing the signal lines of the indicator.
GBPUSD is correcting within a Triangle pattern; USDCHF is declining within a bearish channel, AUDUSD has secured above the Tenkan-Sen line.
EURUSD is pushing off the Tenkan-Sen line; USDJPY is correcting before a decline, USDCAD is moving by bearish momentum.
GBPUSD is rising within a bullish channel; GOLD has secured above the resistance level, USDCHF is rebounding from the Ichimoku signal lines.
EURUSD is preparing to break the upper boundary of the Triangle pattern; USDJPY is testing the support level, USDCAD is pushing off the signal lines of the indicator.
GBPUSD is preparing for a breakout of the resistance level; BRENT is correcting within a reversal pattern, USDJPY is rising before a decline.
EURUSD is rising following a rebound from the support; GOLD is testing the signal lines of the indicator, AUDUSD has gained a foothold above the Tenkan-Sen line.