USD/CHF: Ichimoku analysis and trade
Tatyana Norkina, FBS analyst
The 0.9000 figure held the bullish pressure despite all their attempts to push higher. The market is going to resume sales from these levels what will open the way to the lower border of the Cloud.
Ichimoku. The pair is unlikely to stay in the 0.8960-0.9010 range for long. The market positioning on the hourly chart turned to bearish.Tenkan and Kijun lines formed a dead cross. The Cloud has also turned negative. pay attention to the support at 0.8970 and resistance at 0.8990. Break below or above one of these levels would open the way in this directioon in a short term. On the H4 chart the picture is also not so evident. Tenkan and Kijun lines stay flat, while the Cloud is bullish.
1. Buy — 0.8995; SL — 0.8980; TP1 — 0.9030; TP2 — 0.9060.
2. Sell — 0.8985; SL — 0.9005; TP1 — 0.8930; TP2 — 0.8910.