intraday trend: Bullish
Ichimoku analysis (4 Hour chart):
Tenkan-Sen level: 0.9604
Kijun-Sen level: 0.9594
Ichimoku cloud top: 0.9623
Ichimoku cloud bottom: 0.9646
USD/CHF has broken major resistance 0.9635 (Nov 17th high) and it confirms short term bullishness. the break of 0.9535 will take the pair to 0.9690/0.9740 in intraday.
The Pair's major support is around 0.96150. Any indicative break below would extend loss to 0.9580/0.9550.
Short term trend reversal only below 0.9550.
Recommendation: Buy USD/CHF around 0.9650, SL 0.9615, Targets 0.9690/00.9740
Ichimoku analysis (4 Hour chart):
Tenkan-Sen level: 0.9604
Kijun-Sen level: 0.9594
Ichimoku cloud top: 0.9623
Ichimoku cloud bottom: 0.9646
USD/CHF has broken major resistance 0.9635 (Nov 17th high) and it confirms short term bullishness. the break of 0.9535 will take the pair to 0.9690/0.9740 in intraday.
The Pair's major support is around 0.96150. Any indicative break below would extend loss to 0.9580/0.9550.
Short term trend reversal only below 0.9550.
Recommendation: Buy USD/CHF around 0.9650, SL 0.9615, Targets 0.9690/00.9740