#CurrencyPairPrediction Ichimoku Kinko Hyo, often referred to simply as Ichimoku, is a comprehensive technical analysis indicator developed in Japan. Unlike many Western indicators that focus on price action, Ichimoku provides a dynamic view of support and resistance, trend direction, and momentum all in one glance. It consists of five components: the Tenkan-sen (Conversion Line), the Kijun-sen (Base Line), the Senkou Span A (Leading Span A), the Senkou Span B (Leading Span B), and the Chikou Span (Lagging Span). The space between Senkou Span A and Senkou Span B is called the Kumo, or cloud. The cloud is a central feature of Ichimoku, representing areas of potential support and resistance. When the price is above the cloud, the overall trend is considered bullish, and when it's below, the trend is bearish. The Tenkan-sen and Kijun-sen can act as dynamic support and resistance and their crossovers can signal potential trend changes. The Chikou Span lags behind the price and helps to confirm current price action. Ichimoku is a versatile indicator that can be used across various timeframes and is often favored for its ability to provide a holistic view of market dynamics.