USD/CHF: Ichimoku analysis
Daily. Stronger US dollar index contributed to the growth in USD/CHF. The currency pair has fixed above Tenkan-sen (TS) during the past week and quickly recovered to the opposite end of the Tenkan-Kijun range. Note that for now the Kijun-sen isn’t letting USD to rise above 0.9170, but in the short term we can expect growth up to 0.9210. The main trend is still downward, as both the Ichimoku cloud and Dead Cross (C) continue to support the vendors.
Chart. Daily USD/CHF
H4. There’s an interesting situation on H4. The pair is going to break the upper border of the Ichimoku cloud. Obviously, USD’s fixing above Tenkan and Kijun (C) will help the bulls to strengthen their positions. Note is that the Senkou Span A and Senkou Span B switched the clouds to the bullish state.
Chart. H4 USD/CHF
Tatyana Norkina for FX BAZOOKA