”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.
10.06.2013
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1); Kijun-Sen is directed upwards, other lines are horizontal. Ichimoku Cloud is going up (2) and widening, 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 support of Kijun-Sen and D Senkou Span A, and the price to grow up.
10.06.2013
The H4 chart of the EUR/USD currency pair shows a correction, which is indicated by Engulfing Bearish and Belt Hold patterns. The upper level of closest Window is a resistance one. Three Line Break chart indicates an ascending movement; Heiken Ashi candlesticks confirm the correction.
07.06.2013
The H4 chart of the EUR/USD currency pair shows a bullish tendency. The upper level of closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks indicate an ascending movement; however, if the price closes the latest candlestick below the Window, Euro may start a correction.
07.06.2013
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1); all lines are horizontal. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is above the lines. Short term forecast: we can expect support of D Senkou Span A and the price to grow up.
06.06.2013
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1); all lines are directed upwards. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is above the lines. Short term forecast: we can expect the price to grow up towards D Senkou Span A.
06.06.2013
The H4 chart of the EUR/USD currency pair shows a bullish tendency. The upper level of closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
05.06.2013
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1); Senkou Span B is horizontal, other lines are directed upwards. Ichimoku Cloud is going up (2), 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 grow up.
05.06.2013
The H4 chart of the EUR/USD currency pair shows a correction on the ascending trend. The upper level of closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
