It’s been around awhile, but Ichimoku analysis seems to have become an increasingly talked-about subject among technicians, especially in the forex market. For better or worse, traders are often attracted to exotic or complex (or complex-sounding) methodologies, presumably under the assumption that something difficult to understand must be useful.

In the case of Ichimoku, a charting technique that combines trend-following and support-resistance components, some exotic terms (to non-Japanese ears, that is) mask common charting tools that are relatively easy to understand and analyze.