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 12.02.2024 (GBPUSD, USDCAD, USDJPY)

GBPUSD is testing the resistance area; USDCAD is rebounding from the signal lines of the indicator, USDJPY is rising within a bullish channel.

Ichimoku Cloud Analysis 09.02.2024 (EURUSD, NZDUSD, XAUUSD)

EURUSD has found a foothold above the indicator’s signal lines; NZDUSD is testing the resistance area, GOLD is correcting while forming a reversal pattern.

Ichimoku Cloud Analysis 08.02.2024 (GBPUSD, XAGUSD, USDCHF)

GBPUSD is rebounding from the resistance level; SILVER is correcting before a decline, USDCHF is rising within a bullish channel.

Ichimoku Cloud Analysis 07.02.2024 (EURUSD, BRENT, NZDUSD)

EURUSD is correcting before a decline; BRENT is testing the signal lines of the indicator, NZDUSD has found a foothold above the Tenkan-Sen line.

Ichimoku Cloud Analysis 06.02.2024 (GBPUSD, BRENT, USDCAD)

GBPUSD is declining within a bearish channel; BRENT has found a foothold above the Tenkan-Sen line, USDCAD is preparing to break the resistance level.

Ichimoku Cloud Analysis 05.02.2024 (EURUSD, USDJPY, XAUUSD)

EURUSD is rebounding from the support area; USDJPY is correcting before a rise, GOLD is testing the lower boundary of the bullish channel.

Ichimoku Cloud Analysis 02.02.2024 (NZDUSD, BRENT, USDCAD)

NZDUSD is testing the channel’s upper line; BRENT has left the bullish channel, USDCAD has gained a foothold below the support level.

Ichimoku Cloud Analysis 01.02.2024 (GBPUSD, XAUUSD, AUDUSD)

GBPUSD is testing the support area; GOLD has found a foothold above the resistance level, AUDUSD has left the boundaries of the correction channel.