Monday, July 11, 2011

USD/CHF Ichimoku Weekly Forecast

Weekly USD/CHF

On the weekly chart the pair USD/CHF kept consolidating between 0.8275 and 0.8550.

The Turning line (1) and the Standard line (2) are still providing resistance for the prices. All lines of the Indicator are horizontal (1, 2, 3 and 4).

5. usdchf weekly

Chart. Weekly USD/CHF

Daily USD/CHF

On the daily chart the lines Tenkan-sen and Kijun-sen are preparing to form the “golden cross” (1). The Standard line and the lines limiting the Ichimoku Cloud (2) are directed sideways, while the short-term Turning line is deviating up.

This week the bulls are likely to move up to the levels in the 0.8440/0.8500.

6. usdchf daily

Chart. Daily USD/CHF

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