What is the Ichimoku Cloud?
The Ichimoku Cloud is a technical analysis indicator that defines support and resistance levels, gauges momentum and provides trading signals. In Japanese, it is called the ‘Ichimoku Kinko Hyo’ which roughly means ‘one look equilibrium chart’ – because with just one look, traders can receive a range of information.
The Ichimoku Cloud was developed by Goichi Hosoda, a Japanese journalist, and published in 1969. It has been used by traders and investors ever since, to identify the direction of market trends.