”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.
30.03.2012
The H4 chart of the EUR/USD currency pair indicates a bearish correction on the ascending trend. The old Window is a resistance level, Window 2011.11.25 is a support level and the price formed Morning Star pattern here. Three Line Break chart indicates a correction, Heiken Ashi candlesticks confirm an ascending trend.
29.03.2012
The H4 chart of the EUR/USD currency pair indicates a bearish correction on the ascending trend, which was started after Doji pattern. Window 2011.11.25 is a resistance level. Three Line Break chart indicates a correction, Heiken Ashi candlesticks confirm an ascending trend.
29.03.2012
GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are moving very close to each other above Kumo Cloud and may intersect forming “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 also horizontal. Chinkou Lagging Span rebounded from the chart in an upward direction, the price is above the indicator’s lines. In the near term, we can expect the price to fall down.
28.03.2012
The H4 chart of the EUR/USD currency pair indicates a bullish tendency on the ascending trend. Window 2011.11.25 is a resistance level. Three Line Break and Heiken Ashi candlestick chats confirm a bullish tendency.
28.03.2012
GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Golden Cross” (1), Tenkan-Sen is directed downwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going up (2), Senkou Span A turned downwards, and Senkou Span B is also horizontal. Chinkou Lagging Span is on the chart, the price is in the channel between Tenkan-Sen and Kijun-Sen. In the near term, we can expect resistance of Tenkan-Sen and the price to fall down inside the channel.
27.03.2012
The H4 chart of the EUR/USD currency pair indicates a start of a bearish correction on the ascending trend, which continued after Tweezers pattern at the resistance level. Three Line Break chart indicates an ascending trend, Heiken Ashi candlesticks confirm a bearish correction.
27.03.2012
GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Golden Cross” (1), both lines are directed upwards. Ichimoku Cloud is going up (2), Senkou Spans A and B are also moving upwards. Chinkou Lagging Span is above the chart and away from it, the price is above the indicator’s lines. In the near term, we can expect the price to grow up.
26.03.2012
GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected above 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 below the chart, the price is below Tenkan-Sen and Kijun-Sen, above Kumo Cloud. In the near term, we can expect the price to fall down towards support of Senkou Span A.
