We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bullish
Oil - US Crude
Mixed
Wall Street
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Mixed
USD/JPY
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • The Japanese Yen fell for a third consecutive week with price testing resistance into June open. Here are the levels that matter on the $USDJPY weekly technical chart. Get your #currencies market update from @MBForex here: https://t.co/1QPXP0g7Ew https://t.co/WUtXHoRoQX
  • $USDZAR: A rally from here could be an important tell as to whether the level seen as support previously (17.76) will turn into a point of resistance for sellers to lean against. Get your $USDZAR technical analysis from @PaulRobinsonFX here:https://t.co/TNsQ4JJu6E https://t.co/I4yCjs2ja0
  • The US dollar continued to sell-off this week and the greenback’s future will be decided by commentary from the White House and not the Federal Reserve over the coming days and weeks. Get your #currencies market update from @nickcawley1 here: https://t.co/lpHneO3s2h https://t.co/bZ5klohLNd
  • #Gold prices have continued to push higher as expectations have built for global Central Banks to remain very loose and passive with monetary policy for the foreseeable future. Get your $XAUUSD technical analysis from @JStanleyFX here: https://t.co/h5tF3kAZfd https://t.co/VAYy9FGHcQ
  • Major investment bank models have touted USD selling, given the outperformance in US equities relative to its counterparts over the past month. How is this likely to impact the month-end rebalancing? Find out from @JMcQueenFX here:https://t.co/MtNrHmXZpD https://t.co/YvoHlUsdVr
  • U.S. Market Analyst at https://t.co/JsVsSmefgR, Shain Vernier covers - ✔️ Safe haven assets in volatile markets ✔️ Central banks and governments ✔️ How will commodities trade in a recession Only on Trading Global Markets Decoded #podcast. Tune in here: https://t.co/1UmEzEbwiy https://t.co/X15k6b4ZyB
  • The month of May saw equities rise across the board. The #Dow Jones and #DAX 30 will look to hold above nearby support while the #Nasdaq 100 may look to attack all-time highs. Get your #equities market update from @PeterHanksFX here: https://t.co/dQxkG68R0I https://t.co/cgfcOs14qG
  • There is a dramatic departure between yield curve pricing for a recession and other measures of near-term growth; the Q2’20 Atlanta Fed GDPNow is extremely alarming.Get your market update from @CVecchioFX here: https://t.co/eMd3T8EwDO https://t.co/56oUP6we9U
  • The #DAX has now closed the gap from the beginning of March with the index breaking above 61.8% fib at 11592. Get your DAX market update from @JMcQueenFX here: https://t.co/wr67nkxc8z https://t.co/CkxPZn1v3t
  • Emerging market currencies haven’t been treated equally by the effects of global contagion, even if most have suffered to some degree. However withdrawal of investment flows could hit them all. Get your market update from @DavidCottleFX here:https://t.co/QzNoNYgMgP https://t.co/9CV6iZt40j
Forex Strategy: Trading Defined Trends with Ichimoku

Forex Strategy: Trading Defined Trends with Ichimoku

2012-12-25 17:00:00
Tyler Yell, CMT, Currency Strategist
Share:

Article Summary: Once you’ve learned how to read Ichimoku charts in this video, you will have the tools that trend followers have used for decades to trade well in rising and falling markets.

Trading Instructor Tyler Yell discusses:

*How to identify the trend in 5 seconds

*Why following trends is ideal for beginner and experienced traders

*How to read the time-tested Ichimoku Indicator to time entries on a trend

*What chart time frame Ichimoku is most effective

*Trade set ups on Major Currency Pairs and a few Exotics that make big move

Have you been introduced to the Ichimoku indicator? Ichimoku is the indicator with the clouds but many traders are not familiar enough with the moving parts to trade it. Ichimoku is an indicator that is unique in that it is forward looking, with specific entry rules and allows you to use historic pricing to also gage the strength of tomorrow’s potential moves.

(Here is the most recent weekly report –“ Learn Forex: Ichimoku Hints Additional GBPUSD Upside on Price Break”)

Enjoy the video above as you gain a solid understanding to the essential disciplines required to trade this technical strategy.

Would you like access to more videos like the one above to assist you in developing a step-by-step approach to trade different currencies? Would you like to make more informed decision based on our most in depth and up to date research?

You can learn these things and more with DailyFX Plus. DailyFX Plus is our premium Forex news and analysis site complete with trading signals, live instructor help and up to date chart analysis for day traders.

To gain temporary access, come on Live Chat and ask a representative for temporary access or click here to register for a free trial log in so that you can test drive our best offering and experience what is available to our live clients

---Written by Tyler Yell, Trading Instructor

To be added to Tyler’s e-mail distribution list, please click here.

Pick up directional clues from the market. Use the price movements to paint a picture of potential future moves.

Take this free 20 minute “Price Action - Candlesticks” course presented by DailyFX Education. In the course, you will learn about the basics of price action and how to use the clues the market is providing to place trades.

Register HERE to start your FOREX learning now!

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.