Monday, July 4, 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 creating resistance for the prices.

5. weekly usdchf

Chart. Weekly USD/CHF


On the daily chart it’s possible to see a kind of potential breakthrough – for the first time in more than a month the prices managed to close above the Standard line (2) that together with the Turning line (1) will act now as support for the pair. On the upside, declining Ichimoku Cloud – Senkou Span A – plays the role of resistance (3).  

The bullish signal will appear if Chinkou Span breaks above the price chart (4). The greenback will likely go up a bit more, though there are still no signs of the major downtrend reversal.  

6. daily usdchf
Chart. Daily USD/CHF

writed by FBS Holdings © 2011