”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.
20.06.2013
The H4 chart of the EUR/USD currency pair shows a bearish tendency on the ascending trend, which started after Tower pattern. The closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
19.06.2013
The H4 chart of the EUR/USD currency pair shows a sideways correction. The small Window has been broken, now it’s a support level. Three Line Break chart confirms the current trend; Heiken Ashi candlesticks indicate the correction.
19.06.2013
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1); Tenkan-Sen and Senkou Span A are moving downwards, Senkou Span B is directed upwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going up (2), Chinkou Lagging Span is on the chart, and the price is below Tenkan-Sen and Kijun-Sen, above Kumo Cloud. Short term forecast: we can expect support of Senkou Span A and D Tenkan-Sen.
18.06.2013
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1); Tenkan-Sen is moving downwards, other lines are horizontal. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is in the channel between Tenkan-Sen and Kijun-Sen. Short term forecast: we can expect the price to fall down towards Kijun-Sen and D Tenkan-Sen.
18.06.2013
The H4 chart of the EUR/USD currency pair shows a sideways correction. The small Window is a resistance level. Three Line Break chart indicates the current trend; Shooting Star pattern and Heiken Ashi candlesticks confirm the correction.
17.06.2013
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1); Senkou Span B is moving upwards, other lines are horizontal. Ichimoku Cloud is going up (2) and widening, Chinkou Lagging Span is above the chart, and the price is above the lines. Short term forecast: we can expect support of Tenkan-Sen and the price to fall down towards Kumo Cloud and D Tenkan-Sen.
17.06.2013
The H4 chart of the EUR/USD currency pair shows a sideways correction. The small Window is a resistance level. Three Line Break chart indicates the current trend; Heiken Ashi candlesticks confirm the correction.
14.06.2013
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1); Tenkan-Sen and Senkou Span A are moving downwards, other lines are horizontal. Ichimoku Cloud is going up (2) and widening, Chinkou Lagging Span is close to the chart, and the price is in the channel between Tenkan-Sen and Kijun-Sen. Short term forecast: we can expect support of Kijun-Sen, resistance of Tenkan-Sen, and the price to fall down towards Senkou Span A.
