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”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.
14.06.2024
EURUSD is correcting ahead of a decline, USDJPY has gained a foothold above the resistance level, and USDCAD is bouncing off the Ichimoku signal lines.
13.06.2024
GBPUSD is testing the indicator’s signal lines, Gold is bouncing off the lower boundary of the bullish channel, and USDCHF is correcting within a reversal pattern.
12.06.2024
EURUSD is correcting before completing the Double Top pattern, AUDUSD has gained a foothold above the Tenkan-Sen line, and USDCAD is testing the Ichimoku signal lines.
11.06.2024
GBPUSD is correcting within a reversal pattern, Gold is bouncing off the Tenkan-Sen line, and NZDUSD is rising after rebounding from the support level.
10.06.2024
EURUSD is declining after breaching the lower boundary of the reversal pattern, USDJPY is bouncing off the Cloud’s upper boundary, and USDCAD is rising within a Triangle pattern.
07.06.2024
GBPUSD is testing the Ichimoku signal lines, Gold is bouncing off the Cloud’s upper boundary, and USDCHF is correcting within a bearish channel.
06.06.2024
EURUSD is testing the breached channel boundary, USDJPY is correcting ahead of a bearish impulse, and USDCAD is bouncing off the lower boundary of the bullish channel.
05.06.2024
GBPUSD is correcting ahead of a rise, Gold is bouncing off the upper boundary of the descending channel, and USDJPY is testing the indicator’s signal lines.