Short term trend: Bullish
Ichimoku analysis (4 Hour chart):
Tenkan-Sen level: 0.9634
Kijun-Sen level: 0.9656
Ichimoku cloud top: 0.9636
Ichimoku cloud bottom: 0.9628
USD/CHF has recovered after making a low of 0.9593 and overall trend is bullish as long as major support 0.9525 (Nov 19th High) holds.
The pair’s minor support is around 0.9590 and any indicative break of 0.9590 will target 0.9550/0.9525 in short term. The pair’s major resistance is around 0.9660 and break above will take the pair to 0.9690/0.9740.
Indicators
Ichimoku (9, 26, 52, 26) - Buy
MACD (12.26.9) – Buy
Recommendation: Buy USD/CHF around 0.9575, SL 0.9525, Target 0.9740.
Ichimoku analysis (4 Hour chart):
Tenkan-Sen level: 0.9634
Kijun-Sen level: 0.9656
Ichimoku cloud top: 0.9636
Ichimoku cloud bottom: 0.9628
USD/CHF has recovered after making a low of 0.9593 and overall trend is bullish as long as major support 0.9525 (Nov 19th High) holds.
The pair’s minor support is around 0.9590 and any indicative break of 0.9590 will target 0.9550/0.9525 in short term. The pair’s major resistance is around 0.9660 and break above will take the pair to 0.9690/0.9740.
Indicators
Ichimoku (9, 26, 52, 26) - Buy
MACD (12.26.9) – Buy
Recommendation: Buy USD/CHF around 0.9575, SL 0.9525, Target 0.9740.