Intraday trend: Bearish
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 0.9650
Kijun-Sen level: 0.9650
Ichimoku cloud top: 0.9652
Ichimoku cloud bottom: 0.9658
USD/CHF made a temporary high around 0.9740 and is retreating from that level. Intraday trend is weak as long as resistance 0.9740 holds.
In one hour chart it is trading weak and slightly below (Tenken-Sen, Kijun- Sen and also 200 day HMA).
The pair is facing minor resistance around 0.9700.
The minor support of this pair is around 0.96150. On the downside break below will take the pair to 0.9570/0.9540.
Recommendation: Sell USD/CHF around 0.9650, SL 0.9700, Target 0.9570/0.9540.
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 0.9650
Kijun-Sen level: 0.9650
Ichimoku cloud top: 0.9652
Ichimoku cloud bottom: 0.9658
USD/CHF made a temporary high around 0.9740 and is retreating from that level. Intraday trend is weak as long as resistance 0.9740 holds.
In one hour chart it is trading weak and slightly below (Tenken-Sen, Kijun- Sen and also 200 day HMA).
The pair is facing minor resistance around 0.9700.
The minor support of this pair is around 0.96150. On the downside break below will take the pair to 0.9570/0.9540.
Recommendation: Sell USD/CHF around 0.9650, SL 0.9700, Target 0.9570/0.9540.