USDCHF: weekly review (19/12)
Tatiana Norkina, an analyst FBS
Daily. Bulls managed to resume the uptrend, using the support of the upper limit of the daily Ichimoku cloud. At the beginning of the week one could see a gradual depreciation of Senkou Span A. However, immediately after the level testing, the rate of the currency pair was soared to new highs above the 98th figure. As a result, Ichimoku indicator kept a positive attitude, leaving the active gold cross and expanding cloud up. Obviously, the bullish trend will be relevant in the near future.
Graph. Daily USD / CHF
H4. At the same time, the pair was quite overbought on the four-hour graphs - Chinkou line entered in the appropriate zone, threatening corrective depreciation at the beginning of the coming week.
Ichimoku indicator is quite optimistic: the gold cross is active, the cloud is bullish and continues to grow up.
Oscillators also emerged from the bearish area and focus on the "North".
Graph. H4 USD / CHF