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.

01.04.2014

Ichimoku Cloud Analysis 01.04.2014 (GBP/USD, GOLD)

GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is on Tenkan-Sen. Short term forecast: we can expect support from Tenkan-Sen, and growth of the price.
01.04.2014

Japanese Candlesticks Analysis 01.04.2014 (EUR/USD, USD/JPY)

H4 chart of EUR USD shows bullish tendency, which is indicated by Engulfing Bullish pattern near Window from daily chart. Upper Window and Moving Average 55 are resistance levels. Three Line Break chart and Heiken Ashi candlesticks confirm ascending movement.
31.03.2014

Ichimoku Cloud Analysis 31.03.2014 (GBP/USD, GOLD)

GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is on Tenkan-Sen. Short term forecast: we can expect support from Tenkan-Sen, and the price to return to Kumo’s broken border.
31.03.2014

Japanese Candlesticks Analysis 31.03.2014 (EUR/USD, USD/JPY)

H4 chart of EUR USD shows ascending movement, which is indicated by Engulfing Bullish pattern near Window from daily chart. Upper Window and Moving Average 55 are resistance levels. Three Line Break chart and Heiken Ashi candlesticks confirm ascending movement.
30.03.2014

Weekly Ichimoku Cloud Analysis 30.03.2014 (GBP/USD, GOLD)

GBPUSD, Time Frame Weekly. Tenkan-Sen and Kijun-Sen are still influenced by “Golden Cross” (1). Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is above the lines. Short term forecast: we can expect support from Tenkan-Sen, and growth of the price towards M Senkou Span B and M Kumo’s upper border.
28.03.2014

Ichimoku Cloud Analysis 28.03.2014 (GBP/USD, GOLD)

GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Golden Cross” (1) below Kumo Cloud. Ichimoku Cloud is going down (2), Chinkou Lagging Span is above the chart, and the price is near cloud’s upper border. Short term forecast: we can expect support from Tenkan-Sen, and attempts of the price to stay above Kumo.
28.03.2014

Japanese Candlesticks Analysis 28.03.2014 (EUR/USD, USD/JPY)

H4 chart of EUR USD shows bearish tendency. Price may form bullish patterns near Window from daily chart. Three Line Break chart and Heiken Ashi candlesticks confirm descending movement.
27.03.2014

Ichimoku Cloud Analysis 27.03.2014 (GBP/USD, GOLD)

GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Golden Cross” (1) below Kumo Cloud. Ichimoku Cloud is going down (2), Chinkou Lagging Span is above the chart, and the price is above Tenkan-Sen, below Kumo. Short term forecast: we can expect resistance from Senkou Span A, support from W Tenkan-Sen, and attempts of the price to stay inside Kumo.