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.

23.05.2012

Japanese Candlesticks Analysis 23.05.2012 (EUR/USD, USD/JPY)

The H4 chart of the EUR/USD currency pair shows a continuation of the descending trend after Tweezers pattern. Three Line Break and Heiken Ashi candlestick charts confirm a descending movement.
22.05.2012

Ichimoku Cloud Analysis 22.05.2012 (GBP/USD, GOLD)

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are under pressure of “Dead Cross” (1), Tenkan Sen is horizontal, and Kijun-Sen turned downwards. Ichimoku Cloud is going down (2), Senkou Span A is directed downwards, and Senkou Span B is also horizontal. Chinkou Lagging Span is below the chart, the price is in the channel between Tenkan-Sen and Kijun-Sen. In the near term, we can expect support of Tenkan-Sen and the price to move upwards inside the channel.
22.05.2012

Japanese Candlesticks Analysis 22.05.2012 (EUR/USD, USD/JPY)

The H4 chart of the EUR/USD currency pair shows a correction on the descending trend, which is indicated by Hammer pattern. Windows, which are the closest to the price, are support levels. Three Methods pattern, Three Line Break and Heiken Ashi candlestick charts confirm an ascending movement.
21.05.2012

Ichimoku Cloud Analysis 21.05.2012 (GBP/USD, GOLD)

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Dead Cross” (1), both lines are horizontal. Ichimoku Cloud is going down (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is below the chart, the price is in the channel between Tenkan-Sen and Kijun-Sen. In the near term, we can expect support of Tenkan-Sen and the price to move upwards inside the channel.
21.05.2012

Japanese Candlesticks Analysis 21.05.2012 (EUR/USD, USD/JPY)

The H4 chart of the EUR/USD currency pair shows the start of a correction on the descending trend, which is indicated by Hammer pattern. Windows, which are the closest to the price, are support levels. Three Line Break and Heiken Ashi candlestick charts confirm an ascending movement.
20.05.2012

Ichimoku Cloud Analysis 20.05.2012 (GBP/USD, GOLD)

GBPUSD, Time Frame Daily – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Dead Cross” (1), both lines are directed downwards. Ichimoku Cloud is going down (2), Senkou Spans A and B are also moving downwards. Chinkou Lagging Span crossed the chart in a downwards direction, the price is below the indicator’s lines. In the near term, we can expect resistance of Senkou Span B and the price to return to the cloud’s broken border.
20.05.2012

Japanese Candlesticks Analysis 20.05.2012 (EUR/USD, USD/JPY)

The daily chart of the EUR/USD currency pair shows a correction on the descending trend, which is indicated by Engulfing Bullish pattern. Window, which is the closest to the price, is a support level. Three Line Break and Heiken Ashi candlestick charts confirm the descending trend.
18.05.2012

Ichimoku Cloud Analysis 18.05.2012 (GBP/USD, GOLD)

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Dead Cross” (1), both lines are directed downwards. Ichimoku Cloud is going down (2), Senkou Spans A and B are also moving downwards. Chinkou Lagging Span is far below the chart and moving upwards, the price is below the indicator’s lines. In the near term, we can expect resistance of Tenkan-Sen and then the price to try to stay inside the channel between Tenkan-Sen and Kijun-Sen.