Short term trend: Bullish
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 0.9649
Kijun-Sen level: 0.9627
Ichimoku cloud top: 0.9621
Ichimoku cloud bottom: 0.9645
USD/CHF has recovered after making a low of 0.9593 and overall trend is bullish as long as intra day support 0.9615 holds.
The indicative break of 0.9615 will target 0.9590/0.9550 in short term. The pairs major resistance is around 0.9660 and break above will take the pair to 0.9690/0.9740.
Indicators
Ichimoku (9, 26, 52, 26) - Buy
MACD (12.26.9) – Buy
Recommendation: Buy USD/CHF around 0.96450-60, SL 0.9615, Target 0.9690/0.9740.
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 0.9649
Kijun-Sen level: 0.9627
Ichimoku cloud top: 0.9621
Ichimoku cloud bottom: 0.9645
USD/CHF has recovered after making a low of 0.9593 and overall trend is bullish as long as intra day support 0.9615 holds.
The indicative break of 0.9615 will target 0.9590/0.9550 in short term. The pairs major resistance is around 0.9660 and break above will take the pair to 0.9690/0.9740.
Indicators
Ichimoku (9, 26, 52, 26) - Buy
MACD (12.26.9) – Buy
Recommendation: Buy USD/CHF around 0.96450-60, SL 0.9615, Target 0.9690/0.9740.