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
H4. The 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