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.
08.03.2012
Japanese Candlesticks Analysis 08.03.2012 (EUR/USD, USD/JPY)
The H4 chart of the EUR/USD currency pair indicates a bullish correction on the descending trend, which was started after Morning Doji Star reversal pattern. Window 2011.11.25 is a resistance level, Three Line Break chart indicates a descending tendency, Heiken Ashi candlesticks confirm a bullish pullback.
07.03.2012
Japanese Candlesticks Analysis 07.03.2012 (EUR/USD, USD/JPY)
The H4 chart of the EUR/USD currency pair indicates a descending tendency, which started after Shooting Star, Tweezers, and Harami patterns. Morning Doji Star reversal pattern indicates a bullish correction. Three Line Break chart indicates a descending tendency, Heiken Ashi candlesticks confirm a bullish pullback.
07.03.2012
Ichimoku Cloud Analysis 07.03.2012 (GBP/USD, GOLD)
GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Dead Cross” (1), both line are horizontal. Ichimoku Cloud went from the red zone into the blue one (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is below the chart and away from it, the price is below the indicator’s line. In the near term, we can expect the price to return to the cloud’s broken border.
06.03.2012
Ichimoku Cloud Analysis 06.03.2012 (GBP/USD, GOLD)
GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Dead Cross” (1), both line are horizontal. Ichimoku Cloud is going up (2), Chinkou Lagging Span moved below the chart, the price is above Kumo Cloud, below Tenkan-Sen and Kijun-Sen. In the near term, we can expect the attempts of the price to stay inside Kumo Cloud and support of Senkou Span B.
06.03.2012
Japanese Candlesticks Analysis 06.03.2012 (EUR/USD, USD/JPY)
The H4 chart of the EUR/USD currency pair indicates the trend change, which started after Shooting Star, Tweezers, and Harami patterns. Three Methods continuation patterns indicate that the descending trend continues. At the level of Window 2012.02.06 we have a bullish High Wave reversal pattern, which started a correctional pullback. At the Three Line Break chart we can see a bullish breakout, Heiken Ashi candlesticks confirm the bearish tendency.
05.03.2012
Japanese Candlesticks Analysis 05.03.2012 (EUR/USD, USD/JPY)
The H4 chart of the EUR/USD currency pair indicates the trend change, which started after Shooting Star, Tweezers, and Harami patterns. Three Methods continuation patterns indicate that the descending trend continues. Window 2012.02.06 is a support level, Three Line Break and Heiken Ashi candlestick charts confirm the bearish trend.
05.03.2012
Ichimoku Cloud Analysis 05.03.2012 (GBP/USD, GOLD)
GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Dead Cross” (1), both line are directed downwards. Ichimoku Cloud is going up (2), Senkou Span A is moving downwards, and Senkou Span B is horizontal. Chinkou Lagging Span moved below the chart, the price is above Kumo Cloud, below Tenkan-Sen and Kijun-Sen. In the near term, we can expect the attempts of the price to stay inside Kumo Cloud and support of Senkou Span B.
02.03.2012
Ichimoku Cloud Analysis 02.03.2012 (GBP/USD, GOLD)
GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud forming “Golden Cross” (1), Tenkan-Sen turned downwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going up (2), Senkou Span A is moving downwards, and Senkou Span B is horizontal. 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 the attempts of the price to stay inside the channel between Tenkan-Sen and Kijun Sen.