”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.
09.05.2012
The H4 chart of the EUR/USD currency pair shows a bearish tendency on the descending trend. A sideways correction has been finished after Tweezers pattern. A new Window is a resistance level. Three Line Break and Heiken Ashi candlestick charts confirm a descending movement.
08.05.2012
GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are under pressure of “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, inside Kumo Cloud. In the near term, we can expect support of Tenkan Sen.
08.05.2012
The H4 chart of the EUR/USD currency pair shows a bearish tendency on the descending trend. A sideways correction has been finished after Belt Hold pattern. A new Window is a resistance level. Three Line Break and Heiken Ashi candlestick charts confirm a descending movement.
07.05.2012
GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Dead Cross” (1), Tenkan-Sen is horizontal, and Kijun-Sen is directed downwards. Ichimoku Cloud is going down (2), Senkou Span A is moving downwards, and Senkou Span B is horizontal. Chinkou Lagging Span is below the chart, the price is below Tenkan-Sen and Kijun-Sen, inside Kumo Cloud. In the near term, we can expect resistance of Tenkan Sen and the price to move downwards.
07.05.2012
The H4 chart of the EUR/USD currency pair shows a bearish tendency on the descending trend, which started after Engulfing Bearish pattern. A new Window is a resistance level. Three Line Break and Heiken Ashi candlestick charts confirm a descending movement.
04.05.2012
GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Dead Cross” (1), Tenkan-Sen is directed upwards, and Kijun-Sen is horizontal. Ichimoku Cloud is very narrow and going up (2), Senkou Spans A and B are directed upwards. Chinkou Lagging Span is on the chart, the price is below Tenkan-Sen and Kijun-Sen, above Kumo Cloud. In the near term, we can expect resistance of Tenkan Sen and the attempts of the price to stay inside the cloud.
04.05.2012
The H4 chart of the EUR/USD currency pair shows a bearish correction on the ascending trend, which is indicated by Engulfing Bearish pattern. Window 2011.11.25 is a resistance level. Three Line Break chart confirms the correction, Heiken Ashi candlesticks indicate a bullish pullback.
03.05.2012
GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Dead Cross” (1), both lines are horizontal. Ichimoku Cloud is going up (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is above the chart, the price is below Tenkan-Sen and Kijun-Sen, above Kumo Cloud. In the near term, we can expect resistance of Tenkan Sen and the price to fall down towards the cloud’s lower border.
