USD/CHF, H4

Let’s look at the four-hour chart. Tenkan-sen line is above Kijun-sen, they are both turning sideways. Chinkou Span line is crossing the price chart from above; current Kumo-cloud has reversed from descending to ascending. The pair wasn’t able to enter the cloud, turned down and turned down. Tenkan-sen and Kijun-sen lines, have become resistance (0.9294) and support (0.9214) levels respectively.

Forex: Ichimoku Clouds. Review of USD/CHF

USD/CHF, D1

On the daily chart Tenkan-sen line is below Kijun-sen, the red line is directed downwards, while the blue one remains horizontal. Chinkou Span line is below the price chart; current Kumo-cloud is descending. The pair has broken down the cloud and is moving towards the level of 0.8882. Tenkan-sen line (0.9258) is the closest resistance level.

Forex: Ichimoku Clouds. Review of USD/CHF

Key levels

Support levels: 0.9214, 0.8882.

Resistance levels: 0.9258, 0.9294.

Trading tips

On the four-hour chart the pair has returned with the downward trend, and on the daily one we’ve got a signal to sell. Targets for the short positions are around 0.8882.




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