”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.
13.05.2013
The H4 chart of the EUR/USD currency pair shows a bearish tendency. The closest Window is a support level; the level of bearish patterns is a resistance one. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
13.05.2013
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected again inside Kumo Cloud and formed “Dead Cross” (1); Tenkan-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 resistance of Tenkan-Sen – Senkou Span B, and the price to fall down.
10.05.2013
The weekly chart of the EUR/USD currency pair shows a sideways tendency. The closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement; Shooting Star pattern indicates a bearish mood.
10.05.2013
GBPUSD, Time Frame Weekly – Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside 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 resistance of Kijun-Sen and the price to fall down towards Tenkan-Sen.
09.05.2013
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 up (2), Chinkou Lagging Span is on the chart, and the price is above the lines. Short term forecast: we can expect support of Tenkan-Sen - Kijun-Sen - Senkou Span A, and resistance of W Kijun-Sen.
08.05.2013
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 up (2), Chinkou Lagging Span is below the chart, and the price is below Tenkan-Sen and Kijun-Sen, on Senkou Span A. Short term forecast: we can expect the price to enter the cloud and try to stay inside it.
08.05.2013
The H4 chart of the EUR/USD currency pair shows a sideways correction. The closest Window is a support level; the level of bearish patterns is a resistance one. Harami pattern and Three Line Break chart confirm a descending movement; Heiken Ashi candlesticks indicate that the correction continues.
07.05.2013
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1); Senkou Spans A and B are directed upwards; other lines are horizontal. Ichimoku Cloud is going up (2), Chinkou Lagging Span is close to the chart, and the price is on Kijun-Sen. Short term forecast: we can expect the price to fall down towards the cloud.
