Username: PrettyWoman Rating: Asked to: Jun Wang Date Created: 11 Jan 2015 |
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Category | 17 |
Tag | Forex |
Question | What is Ichimoku Cloud? |
Hello PrettyWoman, Ichimoku Cloud is a chart used in technical analysis that shows support and resistance, and momentum and trend directions for a security or investment. It is designed to provide relevant information at a glance using moving averages (tenkan-sen and kijun-sen) to show bullish and bearish crossover points. The "clouds" are formed between spans of the average of the tenkan-sen and kijun-sen plotted six months ahead (senkou span B), and of the midpoint of the 52-week high and low (senkou span B) plotted six months ahead. |
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