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Home » Forex Glossary » Using the Ichimoku Cloud

Using the Ichimoku Cloud

A signal tool that provides support/resistance levels, trend movements, varying exit and entry points. If the cloud lies above the price action, then the trend is bullish. However if the cloud lies below the price action, then the trend is bearish. There are also the Tenkan and Kijun lines that are moving averages, where the Tenkan line lies below the Kijun line indicating a bearish trend.