”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 testing Tenkan-Sen and Kijun-Sen; XAUUSD is growing within the bullish channel, while AUDUSD is about to resume trading downwards.
GBPUSD is falling within the bearish channel; USDCHF is about to complete a reversal pattern, while USDCAD is rebounding from the cloud’s upside border.
NZDUSD is falling within the bearish channel; EURUSD is about to break a Triangle pattern, while AUDUSD is testing the support area.
GBPUSD is testing the support area; XAGUSD is rebounding from Tenkan-Sen and Kijun-Sen, while USDCHF is about to complete a Flag bearish pattern.
USDJPY is rebounding from the resistance level; Brent is growing within the bullish channel, while, XAUUSD is correcting in anticipation of a further uptrend.
EURUSD is about to break the support level; USDCAD is falling within the bearish channel, while AUDUSD is testing the cloud’s downside border.
NZDUSD is testing the cloud’s downside border; Brent is about to resume growing, while, USDCHF is rebounding from the resistance level.
EURUSD is rebounding from the support level; XAGUSD is correcting within a reversal pattern, while USDCAD is about to resume falling.