”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.
08.07.2013
The H4 chart of the EUR/USD currency pair shows a correction on the descending trend. The closest Window is broken, now it’s a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
05.07.2013
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other below Kumo Cloud (1); all lines are moving downwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is far below the chart, and the price is below the lines. Short term forecast: we can expect the price to move downwards.
05.07.2013
The H4 chart of the EUR/USD currency pair shows a bearish tendency. The closest Window is broken, now it’s a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
04.07.2013
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other below Kumo Cloud (1); Kijun-Sen and Senkou Span A are moving downwards, other lines are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is close to the chart, and the price is above Tenkan-Sen and Kijun-Sen, below Kumo Cloud. Short term forecast: we can expect support of Tenkan-Sen - Kijun-Sen, the price to enter the cloud and then try to stay inside it.
04.07.2013
The H4 chart of the EUR/USD currency pair shows the support of the closest Window, which hasn’t been broken by bearish candlesticks. Hammer pattern and Three Line Break chart indicate a bullish pullback; Heiken Ashi candlesticks confirm a descending movement.
03.07.2013
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are still under pressure of “Dead Cross” (1); Kijun-Sen and Senkou Span A are moving downwards, other 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. Short term forecast: we can expect resistance of Kijun-Sen and a correction towards the cloud.
03.07.2013
The H4 chart of the EUR/USD currency pair shows the support of the closest Window, which may be broken by bearish candlesticks. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
02.07.2013
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Dead Cross” (1); Senkou Span B is moving downwards, other lines are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is on Tenkan-Sen. Short term forecast: we can expect the price to move inside the channel between Tenkan-Sen and Kijun-Sen.
