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.
19.09.2011
Ichimoku Cloud Analysis 19.09.2011 (GBP/USD, USD/CAD)
GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud again forming “Dead Cross”, Tenkan-Sen and Kijun-Sen are horizontal. Ichimoku Cloud is still going down, Senkou Spans A and B are also horizontal. Chinkou Lagging Span is below the chart, Tenkan-Sen is showing resistance. In the near term, we can expect the price to try to fix itself in the channel between Tenkan-Sen and Kijun-Sen and resistance of Kijun-Sen.
16.09.2011
Ichimoku Cloud Analysis 16.09.2011 (GBP/USD, USD/CAD)
GBPUSD, Time Frame Н4 – Kijun-Sen and Senkou Span A are directed downwards, Tenkan-Sen and Senkou Span B are horizontal, Tenkan-Sen and Kijun-Sen are moving closer to each other, Ichimoku Cloud is still going down. Chinkou Lagging Span is below the chart, Tenkan-Sen is showing resistance, Hammer candlestick is being formed. In the near term, we can expect the price to move downwards and try to fix itself in the channel between Tenkan-Sen and Kijun-Sen.
15.09.2011
Ichimoku Cloud Analysis 15.09.2011 (GBP/USD, USD/CAD)
GBPUSD, Time Frame Н4 – Tenkan-Sen and Senkou Span A are directed downwards, Kijun-Sen and Senkou Span B are horizontal, Ichimoku Cloud is going down. Chinkou Lagging Span is below the chart and is away from it, Tenkan-Sen shows resistance, Hammer candlestick is being formed. In the near term, we can expect the price to try to fix itself in the channel between Tenkan-Sen and Kijun-Sen.
14.09.2011
Ichimoku Cloud Analysis 14.09.2011 (GBP/USD, USD/CAD)
GBPUSD, Time Frame Н4 – all indicator’s lines are still directed downwards, Ichimoku Cloud is going down. Chinkou Lagging Span is below the chart and is away from it, Tenkan-Sen shows resistance. In the near term, we can expect the price to continue falling down and try to fix itself in the channel between Tenkan-Sen and Kijun-Sen.
13.09.2011
Ichimoku Cloud Analysis 13.09.2011 (GBP/USD, USD/CAD)
GBPUSD, Time Frame Н4 – all indicator’s lines are directed downwards, Ichimoku Cloud is going down. Chinkou Lagging Span is below the chart and is away from it, Tenkan-Sen shows resistance. In the near term, we can expect the price to continue falling down and try to fix itself in the channel between Tenkan-Sen and Kijun-Sen.
12.09.2011
Ichimoku Cloud Analysis 12.09.2011 (GBP/USD, USD/CAD)
GBPUSD, Time Frame Н4 – Tenkan-Sen is horizontal, Kijun-Sen is directed downwards, Ichimoku Cloud is going down, Senkou Span A is falling down, and Senkou Span B is horizontal. Chinkou Lagging Span is below the chart and is away from it, the price is still below Tenkan-Sen. In the near term, we can expect the price to return to resistance of Tenkan-Sen and then continue moving downwards.
09.09.2011
Ichimoku Cloud Analysis 09.09.2011 (GBP/USD, USD/CAD)
GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected forming “Dead Cross” (1), Tenkan-Sen and Kijun-Sen are horizontal. Ichimoku Cloud is going down (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is below the chart and is away from it, the price is still below Tenkan-Sen. In the near term, we can expect the price to continue moving downwards and try to fix itself above Tenkan-Sen.
08.09.2011
Ichimoku Cloud Analysis 08.09.2011 (GBP/USD, USD/CAD)
GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected forming “Dead Cross” (1), Tenkan-Sen and Kijun-Sen are horizontal. Ichimoku Cloud is going down (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is below the chart and is far away from it, the price is still below Tenkan-Sen. In the near term, we can expect the price to continue moving downwards and try to fix itself above Tenkan-Sen.