Trading news

Forex: Ichimoku Clouds. Review of USD/CHF


On the four-hour chart Tenkan-sen line is below Kijun-sen, red line is directed downwards, while the blue one remains horizontal. Chinkou Span line is following the price chart, current cloud is descending. The closest support level is Tenkan-sen line (0.8872). The next obstacle for the price on its way up will be the lower border of the cloud at 0.8890.


Let’s look at the daily chart. Tenkan-sen line is below Kijun-sen, both lines are directed downwards. Chinkou Span line is below the price chart; current cloud had reversed from ascending to descending. The pair has broken down the cloud and is still falling. The closest resistance level is Tenkan-sen line (0.8897). One of the previous minimums of Chinkou Span line is expected to be a support level at 0.8788.

Key levels

Support levels:  0.8872, 0.8788.

Resistance levels:  0.8890, 0.8897.

Trading tips

On the both charts we can see a slowdown of the downward movement. Target for the short positions is 0.8788.


Anastasiya Glushkova 
Analyst of LiteForex Group of Companies 

Wednesday, 26 Feb, 2014 / 9:55

Source :

Trading news


Stocks falter again, bruised dollar seeks to end losing streak

  Market mood sours again as China crackdowns, mixed earnings and [...]

Posted on Friday, 30 Jul, 2021 / 9:44 under


The resurgence of covid-19 cases, with the rapid spread of the Delta variant [...]

Posted on Thursday, 29 Jul, 2021 / 10:57 under

Eurozone Q2 GDP: The Recession Is Over

Tomorrow we await the official confirmation that Europe has exited the [...]

Posted on Thursday, 29 Jul, 2021 / 10:40 under