”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 has fixed below the rising channel; USDCAD is about to break a Triangle pattern, while GBPUSD is testing the cloud’s downside border.
USDCHF is rebounding from the cloud; AUDUSD is testing the resistance level, while USDJPY is falling within the bearish channel.
EURUSD is testing Tenkan-Sen and Kijun-Sen; USDJPY is about to resume falling, while USDCAD is rebounding from the upside border of a Triangle pattern.
AUDUSD is about to resume falling; Brent is rebounding from the descending channel’s upside border, while USDCHF is testing the resistance level.
EURUSD is testing the rising channel’s downside border; NZDUSD is correcting within a reversal pattern, while CADJPY is rebounding from Tenkan-Sen and Kijun-Sen.
EURGBP is about to resume falling; AUDUSD is rebounding from Tenkan-Sen and Kijun-Sen, while USDCAD is testing the support level.
EURUSD is rebounding from the support level; XAUUSD is testing Tenkan-Sen and Kijun-Sen, while USDCHF is correcting before further growth.
USDCAD is rebounding from the bearish channel’s upside border; USDJPY is getting ready for a Triangle pattern materialization, while EURGBP is growing within the rising channel.