”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.
03.08.2012
GBPUSD, Time Frame H4 – Tenkan-Sen and Kijun-Sen intersected and formed “Dead Cross” (1), both lines are horizontal so far. Ichimoku Cloud is starting to go down (2), Senkou Spans A and B are moving close to each other. Chinkou Lagging Span is below the chart. Short term forecast: we can expect the price continue falling down.
03.08.2012
The H4 chart of the EUR/USD currency pair shows a sideways tendency on the descending trend. After forming Shooting Star pattern, the market made a reverse in a downward direction. The closest Window is a resistance level and if the price breaks it, the pair will start falling down. Three Line Break and Heiken Ashi candlesticks charts indicate a bullish pullback.
02.08.2012
GBPUSD, Time Frame H4 – Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1), Tenkan Sen is horizontal, and Kijun-Sen is directed upwards. Ichimoku Cloud is going up (2), Senkou Spans A and B are moving close to each other. Chinkou Lagging Span is on the chart. Short term forecast: we can expect support of Kumo Cloud and then the price continue falling down.
02.08.2012
The H4 chart of the EUR/USD currency pair shows a sideways tendency on the descending trend. After forming Dark Cloud pattern, the price started moving downwards and may continue falling down, up to the closest Window. Three Line Break and Heiken Ashi candlesticks charts indicate a bullish pullback.
01.08.2012
The H4 chart of the EUR/USD currency pair shows a bullish tendency on the descending trend. The ascending movement of the price was stopped by Dark Cloud pattern. The closest Window may become a resistance level. Three Line Break and Heiken Ashi candlesticks charts indicate a bullish pullback.
01.08.2012
GBPUSD, Time Frame H4 – Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1), Tenkan Sen is directed downwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going up (2), Senkou Spans A and B are horizontal. Chinkou Lagging Span is above the chart, the price is in the channel between Tenkan-Sen and Kijun-Sen. Short term forecast: in case the price breaks Kijun-Sen, the pair may continue falling down.
31.07.2012
The H4 chart of the EUR/USD currency pair shows a bullish tendency on the descending trend. The price started falling down again after forming Dark Cloud pattern. The closest Window may become a resistance level. Three Line Break chart indicates a bullish pullback, Heiken Ashi candlesticks confirm a descending movement.
31.07.2012
GBPUSD, Time Frame H4 – Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1), Tenkan Sen is directed downwards, and Kijun-Sen is horizontal. Ichimoku Cloud is starting to go down (2), Senkou Span A is moving downwards, and Senkou Span B is 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 the price to continue falling down towards Kijun-Sen.
