USD/CHF: Ichimoku analysis (Feb. 28)
Tatiana Norkina, analyst at FBS
Daily. The pair slowed the decline and spent the last week consolidating above the important 0.8850-0.8860 support. Watch the declining Tenkan-sen and Kijun-sen. The bears are getting ready to break this level to the downside. However, there is a chance for a bullish correction towards Kijun before the downtrend resumption.
Chart. Daily USD/CHF
H4.Bullish correction will become possible if the pair fixes in the H4 cloud. The first attempt to enter the cloud failed - at the end of the week prices returned into the negative territory. However, the golden cross remains active (С).
Chart. H4 USD/CHF