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 19.01.2024 (GBPUSD, XAUUSD, USDCAD)

GBPUSD is testing the resistance level; GOLD is correcting before a decline, USDCAD is rebounding from the signal lines of the indicator.

Ichimoku Cloud Analysis 18.01.2024 (EURUSD, USDJPY, AUDUSD)

EURUSD is correcting after a breakout of the support level; USDJPY is rebounding from the Tenkan-Sen line, AUDUSD is declining within a bearish channel.

Ichimoku Cloud Analysis 17.01.2024 (NZDUSD, XAUUSD, USDCHF)

NZDUSD has found a foothold under the support level; GOLD is rebounding from the lower boundary of the ascending channel, USDCHF is rising within a bullish channel.

Ichimoku Cloud Analysis 16.01.2024 (EURUSD, GBPUSD, AUDUSD)

EURUSD has rebounded from the Ichimoku Cloud; GBPUSD is declining after a rebound from a strong resistance level, AUDUSD has left the boundaries of the bullish channel.

Ichimoku Cloud Analysis 15.01.2024 (USDJPY, XAUUSD, USDCAD)

USDJPY is correcting within a bullish channel; GOLD is testing the resistance level, USDCAD is rebounding from the indicator’s signal lines.

Ichimoku Cloud Analysis 12.01.2024 (EURUSD, BRENT, NZDUSD)

EURUSD has found a foothold above the Ichimoku signal lines; BRENT has left the Triangle pattern boundaries, NZDUSD is rebounding from the upper boundary of the bearish channel.

Ichimoku Cloud Analysis 11.01.2024 (GBPUSD, USDJPY, USDCAD)

GBPUSD has found a foothold above the upper boundary of the descending channel; USDJPY is testing the resistance area, USDCAD is correcting before a rise.

Ichimoku Cloud Analysis 10.01.2024 (EURUSD, XAUUSD, USDCHF)

EURUSD is squeezed inside the Triangle pattern; GOLD is testing the lower boundary of the bullish channel, USDCHF is rebounding from the resistance level.