”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.
13.11.2013
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); all are horizontal. Ichimoku Cloud is very narrow and going down (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short term forecast: we can expect resistance from Kijun-Sen and decline of the price.
13.11.2013
The H4 chart of the EUR/USD currency pair shows correction, which is indicated by Hammer and Harami patterns. Three Line Break chart indicates descending trend; Heiken Ashi candlesticks confirm that correction continues. Upper Window is resistance level.
12.11.2013
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Dead Cross” (1); all are horizontal. Ichimoku Cloud is closed (2), Chinkou Lagging Span is on the chart, and the price is below the lines. Short term forecast: we can expect resistance from Tenkan-Sen and Senkou Span A.
12.11.2013
The H4 chart of the EUR/USD currency pair shows sideways tendency. Lower Window is support level. Three Line Break chart confirms descending movement; Hammer and Harami patterns, along with Heiken Ashi candlesticks indicate bullish pullback.
11.11.2013
The H4 chart of the EUR/USD currency pair shows bearish tendency. Lower Window is support level. Three Line Break chart and Heiken Ashi candlesticks confirm descending movement; Harami pattern indicates possibility of new correction.
11.11.2013
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); all are horizontal. Ichimoku Cloud is going down (2), but very narrow, Chinkou Lagging Span is above the chart, and the price is on Kijun-Sen, below Kumo Cloud. Short term forecast: we can expect resistance from D Kijun-Sen and Senkou Span B.
08.11.2013
The H4 chart of the EUR/USD currency pair shows bearish tendency, which continued after Shooting Star pattern. Three Line Break chart and Heiken Ashi candlesticks confirm descending movement; lower Window is support level.
08.11.2013
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); all are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is above the chart, and the price is inside Kumo Cloud. Short term forecast: we can expect resistance from Senkou Span B.
