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Ichimoku Kinko Hyo

Ichimoku Kinko Hyo (IKH), is a kind of Forex market indicator which gauges the
future price motions and predicts the next areas of resistance and support.
Ichimoku Kinko Hyo is a Japanese name which means, a glance at a chart in
equilibrium. An IKH consist of various like and each of them has a significant
meaning, let’s find out about them.
Kijun Sen – This is the baseline, which gets calculated by taking an average of the
lowest low and the highest high. It is estimated for the last 26 period and generally
represented by blue colour. In FX trading, Kijun Sen indicates towards the

futuristic price movements.
Tenkan Sen – Considered as the turning line, it is taken out by averaging the
lowest low and highest high of last nine periods. Mostly represented by red colour,

it talks about the FX market trend.
Chikou Span – Known as the lagging line, it is today’s closing price which has been

plotted 26 periods behindhand, generally of green colour. When this line crosses
price from a top-down signal, it’s a sell signal whereas a bottom-up means a buy
signal.
Senkou Span – These are the drawn by taking an average of Tenkan Sen and Kijun
Sen and gets plotted 26 periods ahead. Senkon is represented in orange colour. Intrading, these Senkon lines show the support level by their peak values and
resistance by low ones.
This is a very versatile Forex indicator which provides insights regarding
resistance-support levels, oscillators and crossovers all in one chart. IKH is mostly
used when Japanese Yen is being used in currency pair.

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