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.

01.11.2011

Ichimoku Cloud Analysis 01.11.2011 (GBP/USD, GOLD)

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are still under pressure of “Golden Cross”, both lines are horizontal. Kumo Cloud is going up, Senkou Spans A and B are horizontal. Chinkou Lagging Span is very close to the chart, and the price is below Kijun-Sen. In the near term, we can expect resistance of Kijun-Sen and the price to continue falling down.
31.10.2011

Forex Technical Analysis 2011/01/11 (EUR/USD, GBP/USD, USD/CAD, NZD/USD, GBP/CHF) Forecast FX

The EUR/USD currency pair is moving according to the forecast, the closest target of the fall is the area of 1.3915. One can consider selling the pair with the tight stop above 1.4065. If the price breaks the channel’s upper border and leaves it, this case scenario will be cancelled. Also, take into account the fact that if the pair continues falling down, we should expect the formation of the descending pattern with the target in the area of 1.27.
31.10.2011

Murray Math Lines 31.10.2011 (EUR/JPY, USD/CAD, GBP/JPY)

After such a rapid fall of the pair, it’s quite logical to expect the correction. It looks like the bears won’t be able to push the price deeper, that’s why we can expect it to consolidate for a while at the current levels. In future we can expect the price to start growing again toward the 8/8 level.
31.10.2011

Ichimoku Cloud Analysis 31.10.2011 (GBP/USD, GOLD)

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross”, both lines are horizontal. Kumo Cloud is going up, Senkou Spans A and B are horizontal. Chinkou Lagging Span has rebounded from the chart upwards, and 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 continue falling down.
31.10.2011

Wave Analysis 31.10.2011 (USD/CHF, EUR/USD)

We may assume that a descending impulse in wave A continues, with the third wave being formed in the same wave. On the minor wave level the local correction is taking place, and after it is finished, the price may start moving downwards again. The target for the bears in wave [3] is the level of 0.8500.
28.10.2011

Ichimoku Cloud Analysis 28.10.2011 (GBP/USD, USD/CAD)

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are still under pressure of “Golden Cross” (1), both lines are directed upwards. Kumo Cloud is also going up, Senkou Span A is directed upwards, 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 the price to continue growing.
27.10.2011

Ichimoku Cloud Analysis 27.10.2011 (GBP/USD, GOLD)

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1), both lines are horizontal. Kumo Cloud is going up, Senkou Spans A and B are horizontal. Chinkou Lagging Span is above the chart, the price is above the indicator’s lines. In the near term, we can expect the price to continue growing.
26.10.2011

Ichimoku Cloud Analysis 26.10.2011 (GBP/USD, GOLD)

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Golden Cross” (1), both lines are horizontal. Kumo Cloud is going up, Senkou Span A is horizontal, and Senkou Span B is directed upwards. Chinkou Lagging Span is above the chart and is away from it, the price is above the indicator’s lines. In the near term, we can expect the price to return into the channel between Tenkan-Sen and Kijun-Sen and continue growing.