USDCHF: Ichimoku analysis (Apr. 25)
Tatiana Norkina, FBS analyst
Daily. The situation is a bit unclear. Last week the pair was trading within a narrow range, formed by the Tenkan and Kijun. The Dead Cross (C) remains in place, and the Cloud is still bearish. If the prices fix below the Cloud, this can be regarded as a signal for new sales.
Chart. Daily USD/CHF
H4. Here the prices didn’t go outside of the Ichimoku Cloud. They were limited on the upside by Senkou Span B, which formed a powerful resistance at 0.8850, and on the downside – by Senkou Span A. All lines Indicator directed sideways, but given the bearish nature clouds can assume the resumption of the downtrend.
Chart. H4 USD/CHF