Monday, July 18, 2011

USD/CHF Ichimoku Weekly Forecast. - 18 July 2011

Weekly USD/CHF

Last week the consolidation of the pair USD/CHF between 0.8275 and 0.8550 ceased and returned below 0.8100 renewing the historical minimums.

Despite the negative factors, Kijun-sen (2) and Senkou Span B (3) are directed horizontally, so it’s possible to concede the possibility of the rate’s consolidation.  

The Turning line (2) and the Standard line (1) still provide resistance for the pair.

5. weekly usdchf

Chart. Weekly USD/CHF


On the daily chart the prices were constantly moving lower. The expected intersection of Tenkan-sen and Kijun-sen didn’t happen – the Turning line remained below the Standard line repeating its curves (1, 2).

All lines of the Indicator are directed horizontally (1, 2, 3 and 4) that indicates at potential consolidation.

6. daily usdchf

Chart. Daily USD/CHF

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