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> Technical Analysis 19.10.2017 - CAD/CHF: Ichimoku clouds
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Technical Analysis 19.10.2017 - CAD/CHF: Ichimoku clouds

STO

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Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the red line is directed upwards, while the blue one remains horizontal. Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. The closest support level is Tenkan-sen line (0.78390). One of the previous maximums of Chikou Span line is expected to be a resistance level (0.78655).

On the daily chart Tenkan-sen line is below Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is below the price chart, current cloud is ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. The closest support level is Kijun-sen line (0.78415). One of the previous maximums of Chikou Span line is expected to be a resistance level (0.79152).

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Source: https://www.stofs.com/en/newsroom/entry/TECHNICAL/technical-analysis-19102017-cadchf-ichimoku-clouds/?camp=24219
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