#CurrencyPairPrediction
The Ichimoku Cloud, or Ichimoku Kinko Hyo, is a comprehensive technical analysis tool used to identify trends, support/resistance levels, and potential reversal points in FX markets. For major currency pairs (like EUR/USD, USD/JPY), the Ichimoku Cloud has shown predictive power, especially in trending markets. Key components—such as the Kumo (cloud), Tenkan-sen, and Kijun-sen—help traders gauge momentum and trend direction. A price above the cloud typically signals bullish momentum, while a price below suggests bearishness. Its multi-faceted nature makes it valuable for short- to medium-term forecasting, though it may lag in highly volatile or range-bound markets.
#CurrencyPairPrediction
The Ichimoku Cloud, or Ichimoku Kinko Hyo, is a comprehensive technical analysis tool used to identify trends, support/resistance levels, and potential reversal points in FX markets. For major currency pairs (like EUR/USD, USD/JPY), the Ichimoku Cloud has shown predictive power, especially in trending markets. Key components—such as the Kumo (cloud), Tenkan-sen, and Kijun-sen—help traders gauge momentum and trend direction. A price above the cloud typically signals bullish momentum, while a price below suggests bearishness. Its multi-faceted nature makes it valuable for short- to medium-term forecasting, though it may lag in highly volatile or range-bound markets.