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Definition of 'Ichimoku Kinko Hyo'
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.
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Investopedia explains 'Ichimoku Kinko Hyo'
"Ichimoku" is a Japanese word that means "one look." This charting technique was created by a Japanese newspaper writer. It does look very complicated when a trader sees the indicator for the first time, but don't hesitate to give this indicator a try because the complexity quickly disappears once you gain an understanding of what the various lines mean and why they are used.
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Discover how this high-flying application can be used in forex trading.
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See how much the easy-to-use Ichimoku chart can tell you in just one glance.
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From samurai to sushi, there's no denying the East Asian influence on investing terminology.
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