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> Technical Analysis 17.10.2017 - CAD/CHF: Ichimoku clouds
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Technical Analysis 17.10.2017 - CAD/CHF: Ichimoku clouds

STO

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Let's look at the four-hour chart. Tenkan-sen and Kijun-sen lines have merged, the lines are horizontal . Confirmative line Chikou Span is below the price chart, current cloud is descending. The instrument has entered the cloud. The closest support level is the lower border of the cloud (0.77793). The closest resistance level is the upper border of the cloud (0.78028).

On the daily chart Tenkan-sen line is below Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is crossing the price chart from above, current cloud is ascending. The instrument has broken down Tenkan-sen and Kijun-sen lines. The closest support level is the upper border of the cloud (0.77460). The closest resistance level is Kijun-sen line (0.78400).

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-17102017-cadchf-ichimoku-clouds
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