Cloud indicator is short for Ichimoku cloud, or Ichimoku Kinko Hyo. You can translate this as “a glance at a chart in balance”.

A Japanese journalist called Goichi Hosoda invented this charting technique in 1936. Since then, the Ichimoku cloud indicator has become a popular trading tool in Japan. It has recently gained popularity among traders in the West.

 


 

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Editors’ Picks

EUR/USD slides to new 2021 low on dollar strength, ahead of Nonfarm Payrolls

EUR/USD has hit a new trough near 1.19, the lowest level since December 2020. Fed Chair Powell's reluctance to lower US bond yields is boosting the dollar. The Nonfarm Payrolls report is set to show an increase of 182,000 jobs.

EUR/USD News

GBP/USD extends decline after Powell's speech

GBP/USD has been extending its decline toward 1.3850 after Fed Chair Powell seemed to allow US Treasury yields to rise. The resulting USD strength is pushing cable lower. Nonfarm Payrolls figures are next.

GBP/USD News

USD/JPY: Soaring ahead of the Nonfarm Payroll report

The US is expected to have added 182K new jobs in February. Government bond yields keep reaching new one-year highs. USD/JPY is extremely overbought but still bullish ahead of the weekly close.

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Bitcoin gears up for fresh record top, bulls await clear break of $52,650

Bitcoin buyers can ignore the recent choppy moves around $51,000, currently near $50,900, while looking at the cryptocurrency pair’s ability to stay beyond the key supports during early Thursday.  Ascending trend line from late-January adds to the upside barriers.

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XAU/USD turns south once again, eyes $1670 ahead of NFP

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