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.
10.10.2011
Ichimoku Cloud Analysis 10.10.2011 (GBP/USD, USD/CAD)
GBPUSD, Time Frame Н4 –Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Golden Cross” (1), Tenkan-Sen is directed upwards, and Kijun-Sen is horizontal. Kumo Cloud went from the red zone into the blue one (2), Senkou Span A is also 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 grow and return to support of Kumo.
07.10.2011
Ichimoku Cloud Analysis 07.10.2011 (GBP/USD, USD/CAD)
GBPUSD, Time Frame Н4 –Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud forming “Dead Cross” (1), Tenkan-Sen is directed upwards, and Kijun-Sen is horizontal. Kumo Cloud is going down (2), Senkou Span A is also directed upwards, and Senkou Span B is horizontal. Chinkou Lagging Span is below the chart, the price has fixed itself above Kijun-Sen. In the near term, we can expect the price to grow and resistance of Senkou Span B.
06.10.2011
Ichimoku Cloud Analysis 06.10.2011 (GBP/USD, USD/CAD)
GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud forming “Dead Cross” (1), Tenkan-Sen is directed upwards, and Kijun-Sen is horizontal. Kumo Cloud is going down (2), Senkou Span A is also directed upwards, and Senkou Span B is horizontal. Chinkou Lagging Span is below the chart, the price is in the channel between Tenkan-Sen and Kijun-Sen. In the near term, we can expect support of Tenkan-Sen and the price to grow up to Kijun-Sen.
05.10.2011
Ichimoku Cloud Analysis 05.10.2011 (GBP/USD, USD/CAD)
GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud forming “Dead Cross” (1), both lines are horizontal. Kumo Cloud is going down (2), Senkou Span A is also horizontal, and Senkou Span B is moving downwards. Chinkou Lagging Span is below the chart, the price is in the channel between Tenkan-Sen and Kijun-Sen. In the near term, we can expect support of Tenkan-Sen and the price to grow up to Kijun-Sen.
04.10.2011
Ichimoku Cloud Analysis 04.10.2011 (GBP/USD, GOLD)
GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud forming “Dead Cross” (1), Tenkan-Sen and Kijun-Sen are directed downwards. Kumo Cloud went from the red zone into the blue one (2), Senkou Spans A and B are also directed downwards. Chinkou Lagging Span is below the chart, the price is below the indicator’s lines. In the near term, we can expect the price to move downwards and return to Tenkan-Sen.
03.10.2011
Ichimoku Cloud Analysis 03.10.2011 (GBP/USD, GOLD)
GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud forming “Dead Cross” (1), Tenkan-Sen is directed downwards, and Kijun-Sen is directed upwards. Kumo Cloud is going up (2), Senkou Spans A and B are moving away from each other. Chinkou Lagging Span is above the chart, and the price is inside Kumo Cloud below Tenkan-Sen and Kijun-Sen. In the near term, we can expect the price to grow up to Senkou Span B and rebound from the cloud’s upper border.
30.09.2011
Ichimoku Cloud Analysis 30.09.2011 (GBP/USD, GOLD)
GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Golden Cross” (1), both lines are horizontal. Kumo Cloud went from the red zone into the blue one (2), Chinkou Lagging Span is above the chart, the price is inside Kumo Cloud between Tenkan-Sen and Kijun-Sen. In the near term, we can expect resistance of Senkou Span A the price to grow up to the cloud’s upper border.
29.09.2011
Ichimoku Cloud Analysis 29.09.2011 (GBP/USD, USD/CAD, GOLD)
GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Golden Cross” (1), Tenkan-Sen and Kijun-Sen are horizontal. Kumo Cloud keeps going down, Senkou Spans A and B are also horizontal. Chinkou Lagging Span is above the chart, the price is above Tenkan-Sen inside Kumo Cloud. In the near term, we can expect resistance of Senkou Span B and the price to move downwards inside the cloud.