Ichimoku cloud analysis and forecast

”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.


Ichimoku Cloud Analysis 19.04.2024 (GBPUSD, BRENT, USDJPY)

GBPUSD has gained a foothold below the lower boundary of the Triangle pattern; BRENT is testing the Ichimoku signal lines, USDJPY is correcting following a rebound from the resistance level.

Ichimoku Cloud Analysis 18.04.2024 (EURUSD, XAUUSD, NZDUSD)

EURUSD is correcting within a Wedge pattern; GOLD is rebounding from the signal lines of the indicator, NZDUSD is correcting after a rebound from the support level.

Ichimoku Cloud Analysis 17.04.2024 (USDCAD, AUDUSD, USDCHF)

USDCAD is rising within a bullish channel; AUDUSD is correcting before a decline, USDCHF is squeezed within a Triangle pattern.

Ichimoku Cloud Analysis 16.04.2024 (EURUSD, USDJPY, NZDUSD)

EURUSD is rebounding from the boundary of a bearish channel; USDJPY is testing the resistance area, NZDUSD is declining within a bearish channel.

Ichimoku Cloud Analysis 15.04.2024 (GBPUSD, USDCAD, AUDUSD)

GBPUSD is correcting after a decline; USDCAD has secured above the resistance level, AUDUSD has rebounded from the lower boundary of the channel.

Ichimoku Cloud Analysis 12.04.2024 (EURUSD, XAUUSD, NZDUSD)

EURUSD is decreasing within a bearish channel; GOLD has found a foothold above the indicator's signal lines, NZDUSD is testing the lower boundary of the bullish channel.

Ichimoku Cloud Analysis 11.04.2024 (GBPUSD, USDCAD, USDJPY)

GBPUSD has left the boundaries of a correction channel; USDCAD has established itself above the resistance level, USDJPY is rebounding from the signal lines of the indicator.

Ichimoku Cloud Analysis 10.04.2024 (EURUSD, XAUUSD, AUDUSD)

EURUSD is rebounding from the resistance level; GOLD is rising within a bullish channel, AUDUSD is testing the signal lines of the indicator.