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.

30.08.2013

Ichimoku Cloud Analysis 30.08.2013 (GBP/USD, GOLD)

GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other below Kumo Cloud, Kijun-Sen and Senkou Span A are directed downwards, other lines are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short term forecast: we can expect the price to fall down to reach D Kijun-Sen.
30.08.2013

Japanese Candlesticks Analysis 30.08.2013 (EUR/USD, USD/JPY)

At the H4 chart of the EUR/USD currency pair, the closest Window is a support level; Three Line Break chart and Heiken Ashi candlesticks indicate a bearish tendency.
29.08.2013

Ichimoku Cloud Analysis 29.08.2013 (GBP/USD, GOLD)

GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1); all lines are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is in the channel between Tenkan-Sen and Kijun-Sen, below Kumo Cloud. Short term forecast: we can expect the price to fall down to reach D Kijun-Sen.
29.08.2013

Japanese Candlesticks Analysis 29.08.2013 (EUR/USD, USD/JPY)

At the H4 chart of the EUR/USD currency pair, Tower 19.06 pattern is still a resistance level. The lower Window is a support level; Three Line Break chart and Heiken Ashi candlesticks confirm a bearish tendency.
28.08.2013

Ichimoku Cloud Analysis 28.08.2013 (GBP/USD, GOLD)

GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1); Senkou Span B is directed upwards, other lines are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is near the cloud’s lower border. Short term forecast: we can expect the price to move below the cloud.
28.08.2013

Japanese Candlesticks Analysis 28.08.2013 (EUR/USD, USD/JPY)

At the H4 chart of the EUR/USD currency pair, Tower 19.06 pattern is still a resistance level. Morning Star pattern and a possible support of the upper Window indicate the tendency; Three Line Break chart and Heiken Ashi candlesticks confirm a bearish pullback.
27.08.2013

Ichimoku Cloud Analysis 27.08.2013 (GBP/USD, GOLD)

GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1); Senkou Span B is horizontal, other lines are directed downwards. Ichimoku Cloud is almost closed, Chinkou Lagging Span is below the chart, and the price is inside Kumo Cloud. Short term forecast: we can expect the price to fall down inside the cloud.
27.08.2013

Japanese Candlesticks Analysis 27.08.2013 (EUR/USD, USD/JPY)

At the H4 chart of the EUR/USD currency pair, Tower 19.06 pattern is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish mood; Engulfing Bearish pattern indicates a correction.