”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.
GBPUSD has secured above the resistance level; USDCHF is declining by the Triangle pattern, NZDUSD is preparing to break through the upper border of the channel.
EURUSD is correcting by a Triangle pattern; Gold is testing the resistance level, USDCAD is pushing off the upper border of the Cloud.
USDCHF is getting ready to go by a reversal pattern ; Brent is pushing off the signal lines of the indicator, EURGBP is squeezed in a Triangle.
EURUSD is pushing off the upper border of the descending channel; NZDUSD is correcting before starting to grow, USDCAD is testing the signal lines of the indicator.
GBPUSD is testing the signal lines of the indicator; USDJPY is pushing off the support, AUDUSD is preparing to break through the Triangle pattern.
EURUSD is testing the Tenkan-Sen line; NZDUSD is growing inside a bullish channel, USDCAD is pushing off the lower border of the Cloud.
AUDUSD has secured above the upper border of the indicator Cloud; Gold is preparing to break through the upper border of the bearish channel, GBPUSD is correcting before growth.
NZDUSD is preparing to break through the Triangle pattern; USDCAD is pushing off the lower borders of the Cloud, USDJPY is testing the signal Ichimoku lines.