USD/CHF: weekly Ichimoku analysis
Tatyana Norkina, FBS analyst
Daily. The pair spent the week below the 0.9100 figure. This level remains a strong barrier for the buyers – here are the 2014 highs, formed in January. The market is now strongly overbought. That's why, despite the bullish Ichimoku sentiment, in the near term the Tenkan-sen support could be broken.
Chart. Daily USD/CHF
H4. Pair traded within the narrow range, formed by the 0.9100 figure and the upper boarder of the Cloud this week. The Cloud has a tendency to widen, golden cross remains active. However, if the price fails to hold above the 0.9070 support next week, we concede a correction into the Cloud.
Chart. H4 USD/CHF