”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.
05.03.2024
GOLD is testing the Kijun-Sen line; USDCAD is rising within the bullish channel, USDCHF is correcting following a rebound from the support level.
04.03.2024
EURUSD is testing the resistance area; NZDUSD is rebounding from the lower boundary of the channel, USDJPY is correcting within a reversal pattern.
01.03.2024
GBPUSD is rebounding from the signal lines of the indicator; GOLD has found a foothold above the resistance level, USDCAD is correcting within a bullish channel.
29.02.2024
EURUSD is rebounding from the signal lines of the indicator; USDJPY has found a foothold under the lower boundary of the bullish channel, NZDUSD is correcting before a decline.
28.02.2024
GOLD is testing the support area; GBPUSD is declining within a Triangle pattern, USDCAD has found a foothold above the upper boundary of a reversal pattern.
27.02.2024
EURUSD is rising within a bullish channel; USDJPY is testing the signal lines of the indicator, AUDUSD is rebounding from the broken channel boundary.
26.02.2024
GBPUSD is testing the signal lines of the indicator; GOLD has found a foothold above the upper boundary of the channel, NZDUSD is rebounding from the support.
22.02.2024
EURUSD has found a foothold above the resistance line; USDJPY is rebounding from the upper boundary of the descending channel, AUDUSD is testing the signal lines of the indicator.