Short term trend: Bullish
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 0.9661
Kijun-Sen level: 0.9650
Ichimoku cloud top: 0.9658
Ichimoku cloud bottom: 0.9642
USD/CHF recovered after making low of 0.9614 and overall trend is bullish as long as 0.9590 holds. On the downside break below will target 0.9550.
The pair’s major resistance is around 0.9690. Any indicative break above would extend gain to 0.9741/0.9808 (161.8% retracement of 0.97270 and 0.95937). USD/CHF intraday support is around 0.9640 (Cloud bottom).
Recommendation: Buy USD/CHF around 0.9675-78, SL 0.9640, Target 0.9739/0.9808.
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 0.9661
Kijun-Sen level: 0.9650
Ichimoku cloud top: 0.9658
Ichimoku cloud bottom: 0.9642
USD/CHF recovered after making low of 0.9614 and overall trend is bullish as long as 0.9590 holds. On the downside break below will target 0.9550.
The pair’s major resistance is around 0.9690. Any indicative break above would extend gain to 0.9741/0.9808 (161.8% retracement of 0.97270 and 0.95937). USD/CHF intraday support is around 0.9640 (Cloud bottom).
Recommendation: Buy USD/CHF around 0.9675-78, SL 0.9640, Target 0.9739/0.9808.
