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What is a Ichimoku Kinko Hyo?

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asked Jan 7, 2015 in forex indicators by anonymous

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A technical indicator that is used to gauge momentum along with future areas of support and resistance. The Ichimoku indicator is comprised of five lines called the tenkan-sen, kijun-sen, senkou span A, senkou span B and chickou span. This indicator was developed so that a trader can gauge an asset's trend, momentum and support and resistance points without the need of any other technical indicator.
answered Jan 11, 2015 by Admin (2,710 points)