”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.
22.08.2012
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are still under pressure of “Golden Cross”, both lines are directed upwards. Ichimoku Cloud is going up (1), Senkou Spans A and B are also directed upwards. Chinkou Lagging Span is far above the chart, the price is above the indicator’s lines. Short-term forecast: we can expect support of Tenkan-Sen and the price to continue growing up.
22.08.2012
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.
21.08.2012
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are still under pressure of “Golden Cross”, both lines are directed upwards. Ichimoku Cloud is going up (1), Senkou Spans A and B are also directed upwards. Chinkou Lagging Span is far above the chart, the price is above the indicator’s lines. Short-term forecast: we can expect support of Tenkan-Sen and the price to continue growing up.
21.08.2012
The H4 chart of the EUR/USD currency pair shows a sideways tendency. The closest Windows are support/resistance levels. Hammer and Tower patterns, Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
20.08.2012
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are still under pressure of “Golden Cross”, both lines are horizontal. Ichimoku Cloud is going up (1), Senkou Span A is directed downwards, and Senkou Span B is moving upwards. Chinkou Lagging Span is on the chart, the price is in the channel between Tenkan-Sen and Kijun Sen. Short-term forecast: we can expect support of Senkou Span A.
20.08.2012
The H4 chart of the EUR/USD currency pair shows a sideways tendency. The closest Windows are support/resistance levels. Three Line Break chart indicates a bearish pullback; Hammer and Tower patterns and Heiken Ashi candlesticks confirm an ascending movement.
17.08.2012
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are still under pressure of “Golden Cross”, both lines are horizontal. Ichimoku Cloud is going up (1), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is above the chart, the price is above the indicator’s lines. Short-term forecast: we can expect support of Tenkan-Sen and the price to continue growing up.
17.08.2012
The H4 chart of the EUR/USD currency pair shows a sideways tendency. The closest Windows are support/resistance levels. Three Line Break chart indicates a bearish pullback; Hammer and Tower patterns and Heiken Ashi candlesticks confirm an ascending movement.
