”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.
07.05.2013
The H4 chart of the EUR/USD currency pair shows a descending tendency, which started after Engulfing Bearish pattern. The closest Window is a support level; the level of bearish patterns is a resistance one. Two Crows pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a descending movement.
06.05.2013
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other above Kumo Cloud (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 the price to fall down towards support of Tenkan-Sen – Kijun-Sen.
06.05.2013
The H4 chart of the EUR/USD currency pair shows a descending tendency, which started after Engulfing Bearish pattern. The closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
03.05.2013
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 in the channel between Tenkan-Sen and Kijun-Sen. Short term forecast: we can expect resistance of Tenkan-Sen and the price to fall down towards the cloud.
03.05.2013
The H4 chart of the EUR/USD currency pair shows a tendency change, which is indicated by Engulfing Bearish pattern. The closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
02.05.2013
The H4 chart of the EUR/USD currency pair shows a tendency change, which is indicated by Engulfing Bearish pattern. The closest Window is a resistance level. Three Line Break chart indicates the current trend; Heiken Ashi candlesticks confirm a descending movement.
02.05.2013
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “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 on Tenkan-Sen. Short term forecast: we can expect support of Tenkan-Sen, the price to enter the channel between Tenkan-Sen and Kijun-Sen, and then try to stay inside it.
01.05.2013
The H4 chart of the EUR/USD currency pair shows a bullish tendency. The closest Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
