USD/CHF, H4

Let’s look at the four-hour chart. Tenkan-sen line is above Kijun-sen, they are both horizontal. Chinkou Span line is above the price chart; current Kumo-cloud is still ascending. After small correction the pair resumes its growth towards the level of 1.0250. The closest support level is Tenkan-sen line (1.0172).

Forex: Ichimoku Clouds. Review of USD/CHF

USD/CHF, D1

On the daily chart Tenkan-sen line is also above Kijun-sen, the red line is directed upwards, while the blue one remains horizontal. Chinkou Span line is above the price chart, current cloud is ascending. The pair has slowed down its growth, but the Bullish trend is still strong. The closest support level is Tenkan-sen line (1.0103). One of the previous maximums of Chinkou Span line is expected to be a resistance level at 1.0250.

Forex: Ichimoku Clouds. Review of USD/CHF

Key levels

Support levels: 1.0172, 1.0103.

Resistance levels: 1.0250.

Trading tips

On the both charts the pair is still rising. Long trades can be opened at current price with targets at 1.0250 and stop-losses at 1.0170.




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