Ichimoku cloud analysis and forecast
”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.
28.08.2012
Japanese Candlesticks Analysis 28.08.2012 (EUR/USD, USD/JPY)
The H4 chart of the EUR/USD currency pair shows a bullish tendency on the ascending trend. The closest Windows are support/resistance levels. Tower pattern and Three Line Break chart indicate the correction, Heiken Ashi candlesticks confirm the current tendency.
28.08.2012
Ichimoku Cloud Analysis 28.08.2012 (GBP/USD, GOLD)
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are still under pressure of “Golden Cross” (1), but Tenkan-Sen is horizontal, and Kijun-Sen is directed upwards. Ichimoku Cloud is going up (2), Senkou Spans A and B are horizontal. Chinkou Lagging Span is above the chart, the price is in below Tenkan-Sen and Kijun-Sen, above Kumo Cloud. Short term forecast: we can expect resistance of Tenkan-Sen and the price to fall down towards the cloud. Both Sell Limits and both Stop Losses are placed above Tenkan-Sen.
27.08.2012
Japanese Candlesticks Analysis 27.08.2012 (EUR/USD, USD/JPY)
The H4 chart of the EUR/USD currency pair shows a bullish tendency on the ascending trend. The closest Windows are support/resistance levels. Tower pattern and Three Line Break chart indicate the correction, Heiken Ashi candlesticks confirm the current tendency.
27.08.2012
Ichimoku Cloud Analysis 27.08.2012 (GBP/USD, GOLD)
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are still under pressure of “Golden Cross” (1), but Tenkan-Sen is directed downwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going up (2), Senkou Span A is directed downwards, and Senkou Span B is also horizontal. Chinkou Lagging Span is above the chart, 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 the cloud. Sell Limit and Stop Loss are placed above Tenkan-Sen.
24.08.2012
Ichimoku Cloud Analysis 24.08.2012 (GBP/USD, GOLD)
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are still under pressure of “Golden Cross”, Tenkan-Sen is directed downwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going up (2), Senkou Span A is directed downwards, and Senkou Span B is horizontal. Chinkou Lagging Span is above the chart and moving towards it, the price is in the channel between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect the price to continue corrective movement.
24.08.2012
Japanese Candlesticks Analysis 24.08.2012 (EUR/USD, USD/JPY)
The H4 chart of the EUR/USD currency pair shows a bullish tendency on the ascending trend. The closest Windows are support/resistance levels. Three Methods pattern and Three Line Break chart confirm an ascending movement, Heiken Ashi candlesticks indicate the correction.
23.08.2012
Ichimoku Cloud Analysis 23.08.2012 (GBP/USD, GOLD)
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other and still under pressure of “Golden Cross” (1), Tenkan-Sen is horizontal, and Kijun-Sen is directed upwards. Ichimoku Cloud is going up (2), Senkou Span A is directed upwards, and Senkou Span B is horizontal. Chinkou Lagging Span is far above the chart, the price is above the indicator’s lines. Short-term forecast: we can expect the correction.
23.08.2012
Japanese Candlesticks Analysis 23.08.2012 (EUR/USD, USD/JPY)
The H4 chart of the EUR/USD currency pair shows a bullish tendency on the ascending trend. The closest Windows are support/resistance levels. Hammer, Tower and Three Methods patterns, Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.