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> Technical Analysis 11.10.2017 - CAD/CHF: Ichimoku clouds
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Technical Analysis 11.10.2017 - CAD/CHF: Ichimoku clouds

STO

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Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the lines are horizontal . Confirmative line Chikou Span has crossed the price chart from above, current cloud has reversed from descending to ascending. The instrument has entered the cloud. The closest support level is the lower border of the cloud (0.7788). The closest resistance level is the lower border of the cloud (0.7817).

On the daily chart Tenkan-sen line has crossed Kijun-sen from above, the lines are horizontal . Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading between Tenkan-sen and Kijun-sen lines. The closest support level is Tenkan-sen line (0.7778). The closest resistance level is Kijun-sen line (0.7823).

This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice.

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Source: https://www.stofs.com/en/newsroom/entry/TECHNICAL/technical-analysis-11102017-cadchf-ichimoku-clouds/?camp=24219
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