Forex Ichimoku cloud analysis and forecast

An exceptional system of analyzing and predicting the currency market behavior, which combines several approaches to monitor price fluctuations and identify important support line and major trends. ”Ichimoku Kinko Hyo” translates to “one glance equilibrium chart”. In this constantly updated section, RoboForex experts explain how to use the system in real trading operations.

24.11.2011

Ichimoku Cloud Analysis 24.11.2011 (GBP/USD, GOLD)

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are still under pressure of “Dead Cross”, Tenkan-Sen is directed downwards, and Kijun-Sen is horizontal. Ichimoku Cloud keeps going down, Senkou Span A is directed downwards, and Senkou Span B is horizontal. Chinkou Lagging Span is below the chart, the price is below the indicator’s lines. In the near term, we can expect the price to fall down and attempt to stay inside the channel between Tenkan-Sen and Kijun-Sen.
23.11.2011

Ichimoku Cloud Analysis 23.11.2011 (GBP/USD, GOLD)

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are still under pressure of “Dead Cross” (1), both lines are directed downwards. Ichimoku Cloud keeps going down (2), Senkou Spans A and B are directed downwards. Chinkou Lagging Span is below the chart, the price is below the indicator’s lines. In the near term, we can expect resistance of Tenkan-Sen and attempts of the price to stay inside the channel between Tenkan-Sen and Kijun-Sen.
22.11.2011

Ichimoku Cloud Analysis 22.11.2011 (GBP/USD, GOLD)

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are still under pressure of “Dead Cross” (1), both lines are directed downwards. Ichimoku Cloud keeps going down (2), Senkou Span A turned downwards, and Senkou Span B is horizontal. Chinkou Lagging Span is below the chart, the price is below the indicator’s lines. In the near term, we can expect resistance of Tenkan-Sen and attempts of the price to move upwards to reach the cloud.
21.11.2011

Ichimoku Cloud Analysis 17.10.2011 (GBP/USD, USD/CAD)

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are still under pressure of “Dead Cross” (1), both lines are directed downwards and moving towards each other. Ichimoku Cloud keeps going down (2), Senkou Span A turned downwards, and Senkou Span B is horizontal. Chinkou Lagging Span is below the chart, the price is below the indicator’s lines. In the near term, we can expect resistance of Tenkan-Sen and the price to continue moving downwards.
18.11.2011

Ichimoku Cloud Analysis 18.11.2011 (GBP/USD, GOLD)

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are still under pressure of “Dead Cross” (1), but Tenkan-Sen turned upwards, and Kijun-Sen is horizontal. Ichimoku Cloud keeps going down (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is below the chart and is away from it, and the price is in the channel between Tenkan-Sen and Kijun-Sen. In the near term, we can expect support of Tenkan-Sen and the price to move upwards inside the channel between Tenkan-Sen and Kijun-Sen.
17.11.2011

Ichimoku Cloud Analysis 17.11.2011 (GBP/USD, GOLD)

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are still under pressure of “Dead Cross” (1), Tenkan-Sen is directed downwards, and Kijun-Sen is horizontal. Ichimoku Cloud keeps going down (2), Senkou Span A is directed downwards, and Senkou Span B is horizontal. Chinkou Lagging Span is below the chart and is away from it, and the price is below the indicator’s lines. In the near term, we can expect resistance of Tenkan-Sen and the price to try to stay inside the channel between Tenkan-Sen and Kijun-Sen.
16.11.2011

Ichimoku Cloud Analysis 16.11.2011 (GBP/USD, GOLD)

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are still under pressure of “Dead Cross” (1), both lines are directed downwards. Ichimoku Cloud keeps going down (2), Senkou Spans A and B are also directed downwards. Chinkou Lagging Span is below the chart, the price is below the indicator’s lines. In the near term, we can expect resistance of Tenkan-Sen and the price to continue falling down.
15.11.2011

Ichimoku Cloud Analysis 15.11.2011 (GBP/USD, GOLD)

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are below Kumo Cloud and still under pressure of “Dead Cross” (1), both lines are horizontal. Ichimoku Cloud squeezed and keeps going down (2), Senkou Spans A and B are horizontal. Chinkou Lagging Span is below the chart, the price is below the indicator’s lines. In the near term, we can expect the price to return to resistance of Tenkan-Sen and Kijun-Sen.