Trader, analyst and instructor with a 6-year experience

USD/CHF: Ichimoku analysis (Apr. 11)

Tatiana Norkina, FBS analyst

Daily. After having tested the lower boarder of the bearish Cloud, the pair resumed the decline. Kijun-sen failed to contain the drop and the pair reached 0.8760. Tenkan and Kijun lines may cancel the bullish cross in the near term. This will signal a further depreciation of the dollar.

Chart. Daily USD/CHF

H4The picture turned bearish. The pair came below the Ichimoku, turning it to bearish. Dead cross supports the sellers. However, the market is oversold - we expect a correction towards the lower boarder of the Cloud in the near term. 

Chart. H4 USD/CHF

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