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.

22.10.2013

Ichimoku Cloud Analysis 22.10.2013 (GBP/USD, GOLD)

GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Golden Cross” (1); all lines are horizontal. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is in the channel between Tenkan-Sen and Kijun-Sen. Short term forecast: we can expect the price to form a correction towards the cloud’s upper border.
22.10.2013

Japanese Candlesticks Analysis 22.10.2013 (EUR/USD, USD/JPY)

The H4 chart of the EUR/USD currency pair shows a correction, which is indicated by Harami pattern. Three Line Break chart indicates a bullish tendency; Heiken Ashi candlesticks confirm a possible correction.
21.10.2013

Ichimoku Cloud Analysis 21.10.2013 (GBP/USD, GOLD)

GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Golden Cross” (1); Tenkan-Sen is moving upwards, other lines are horizontal. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is in the channel between Tenkan-Sen and Kijun-Sen. Short term forecast: we can expect the price to form a correction towards the cloud’s upper border.
21.10.2013

Japanese Candlesticks Analysis 211.10.2013 (EUR/USD, USD/JPY)

The H4 chart of the EUR/USD currency pair shows a bullish tendency, which is indicated by Tweezers pattern. The closest Window is a support level. Three Line Break chart indicates an ascending movement; Harami pattern and Heiken Ashi candlesticks confirm a bearish pullback.
18.10.2013

Ichimoku Cloud Analysis 18.10.2013 (GBP/USD, GOLD)

GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Golden Cross” (1); all lines are moving upwards. 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 the price to grow up and return to the cloud’s broken border.
18.10.2013

Japanese Candlesticks Analysis 18.10.2013 (EUR/USD, USD/JPY)

The H4 chart of the EUR/USD currency pair shows a bullish tendency, which started after Tweezers pattern. The closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
17.10.2013

Ichimoku Cloud Analysis 17.10.2013 (GBP/USD, GOLD)

GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other below Kumo Cloud (1); Tenkan-Sen, Kijun-Sen, and Senkou Span A are moving upwards, Senkou Span B is directed downwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is above the chart, and the price is near the cloud’s upper border. Short term forecast: we can expect resistance of Senkou Span A and the price to stay above the cloud.
17.10.2013

Japanese Candlesticks Analysis 17.10.2013 (EUR/USD, USD/JPY)

At the H4 chart of the EUR/USD currency pair, the correction stopped after Tweezers pattern. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.