”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.
23.04.2012
GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud forming “Golden Cross” (1), Tenkan-Sen is horizontal, and Kijun-Sen turned upwards. Ichimoku Cloud is going up (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is far above the chart, the price is in the channel between Tenkan-Sen and Kijun-Sen. In the near term, we can expect the price to move downwards inside the channel.
23.04.2012
The H4 chart of the EUR/USD currency pair shows a correction on the descending trend. Window, which is the closest to the price, is a resistance level. Three Inside Down pattern indicates that the ascending trend has finished. Three Line Break and Heiken Ashi candlestick charts confirm a descending movement.
20.04.2012
GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud forming “Golden Cross” (1), both lines are horizontal. Ichimoku Cloud is going up (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is far above the chart, the price is above the indicator’s lines. In the near term, we can expect the price to move upwards and support of Tenkan-Sen.
20.04.2012
The H4 chart of the EUR/USD currency pair shows a bullish correction on the descending trend, which is indicated by Inverted Hammer, Doji and Three White Soldiers patterns. Window, which is the closest to the price, is a resistance level. Three Methods pattern indicates that the correction continues in an upward direction. Three Line Break and Heiken Ashi candlestick charts confirm a correction.
19.04.2012
The H4 chart of the EUR/USD currency pair shows a bullish correction on the descending trend, which is indicated by Inverted Hammer, Doji and Three White Soldiers patterns. Window, which is the closest to the price, is a resistance level. Three Line Break and Heiken Ashi candlestick charts confirm a correction.
19.04.2012
GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud forming “Golden Cross” (1), both lines are horizontal. Ichimoku Cloud is going up (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is far above the chart, the price is above the indicator’s lines. In the near term, we can expect the price to move upwards and support of Tenkan-Sen.
18.04.2012
GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud forming “Golden Cross” (1), both lines are horizontal. Ichimoku Cloud is going up (2), Senkou Spans A and B are directed upwards. Chinkou Lagging Span is above the chart, the price is above the indicator’s lines. In the near term, we can expect support of Tenkan-Sen and Kijun-Sen, and the price to move upwards.
18.04.2012
The H4 chart of the EUR/USD currency pair shows a bullish correction on the descending trend. Window, which is the closest to the price, is a resistance level. Three Line Break chart confirms a correction, Heiken Ashi candlesticks indicate a bearish pullback.
