USD/CHF: weekly Ichimoku analysis
Daily. The movements of the pair begin to take more tangible nature. Consolidation below 0.8990/0.9000 is finally over. As the pair has settled below Tenkan and Kijun on the daily chart, we have a signal to further sales of the currency pair. This reduced the rate to 0.8900, as well as strengthened the impact of the dead cross. It’s obvious that in the near future we need to wait for the pair to test the upper border.
Chart. Daily USD/CHF
H4. After rebound from the bottom of the Cloud, the pair continued decline, which started in mid-June. So, now one can say that the correction can’t be avoided. Another signal for this was the testing Senkou Span A on Thursday. Immediately after the touch the currency pair has fallen below the support of Tenkan and Kijun which, moreover, haven’t abolished the dead cross. Coupled with the bearish nature of Cloud all this will affect market sentiment negatively.
Chart. H4 USD/CHF