AI Hub 18 April 2023 What are the methodologies to utilize Ichimoku Cloud for forex trading? Ichimoku Cloud is a technical analysis tool that is used to identify trends and momentum in the Forex market. It is composed of five lines: Tenkan-sen, Kijun-sen, Senkou Span A, Senkou Span B, and Chikou Span. The Ichimoku Cloud provides traders with an easy way to visualize the current trend and momentum of a currency pair. In this article, we will discuss how to use Ichimoku Cloud for forex trading. The first step in using Ichimoku Cloud for forex trading is to identify the trend of the currency pair. The Tenkan-sen line (red) and Kijun-sen line (blue) are used to determine the current trend. If the Tenkan-sen line is above the Kijun-sen line, then it indicates an uptrend; if it is below it indicates a downtrend. The second step in...
