USD/CHF, H4

Let’s look at the four-hour chart. Tenkan-sen line has crossed Kijun-sen from below, forming a signal to buy. Chinkou Span line is approaching the price chart from below; current Kumo-cloud is descending. The pair has overcome Kijun-sen and Tenkan-sen lines, the later becomes a support level (0.9624). The next obstacle for the price on its way up will be the lower border of the cloud (0.9766).

Forex: Ichimoku Clouds. Review of USD/CHF

USD/CHF, D1

On the daily chart we can see an opposite picture. Tenkan-sen line has crossed Kijun-sen from above, indicating the beginning of trend reversal. Chinkou Span line is above the price chart; current Kumo-cloud is ascending. The pair has been corrected under Tenkan-sen (0.9735) and Kijun-sen (0.9788) lines. Upper border of the cloud will be a support level at 0.9224.

Forex: Ichimoku Clouds. Review of USD/CHF

Key levels

Support levels: 0.9624, 0.9224.

Resistance levels: 0.9735, 1.9766, 1.9788.

Trading tips

On the four-hour chart we’ve got a signal to buy, while on the daily one we can see the beginning of trend reversal. Short-term buy positions can be opened at current price with targets at 0.9735.




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