”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.
GOLD is getting ready to go by a descending pattern; USDCHF is correcting before continuing growth, BRENT is pushing off the resistance level.
EURUSD is going down by a descending channel; GBPUSD is pushing off the signal lines of the indicator, AUDUSD is testing the resistance area.
NZDUSD is correcting before it continues declining; USDCAD is testing the resistance level, USDCHF has secured above the upper border of the descending channel.
EURUSD is testing the suport level ; BRENT is declining by a descending channel, GBPUSD is correcting before continuing the decline.
AUDUSD is growing in a bullish channel; USDCAD is testing the support area, GOLD is getting ready to keep growing.
GBPUSD is squeezed in a Triangle pattern; NZDUSD is getting ready to break through the lower border of the channel, USDCHF is testing the support area.
EURUSD is preparing to break through the support level; USDJPY is testing the upper border of the descending channel, USDCAD is correcting before continuing growth.
AUDUSD is pushing off the signal lines of the indicator; GBPUSD is getting ready to break through the resistance level, NZDUSD is correcting by a Triangle pattern.