Trading news

Forex: Ichimoku Clouds. Review of USD/CHF


On the four-hour chart Tenkan-sen and Kijun-sen lines are getting closer under the cloud prior to the formation of the trend reversal pattern. Chinkou Span line is approaching the price chart from below, current cloud is descending. After long fall the pair has been corrected above Kijun-sen line (0.8794), which becomes a support level. The closets resistance level is the lower border of the cloud at 0.8875.


Let’s look at the daily chart. Tenkan-sen line is above Kijun-sen, they are both horizontal. Chinkou Span line is crossing the price chart from below; current cloud is descending. The upward impetus wasn’t enough for the price to break through the cloud and the pair rebounded under Kijun-sen line, which is a resistance level now (0.8825). One of the previous minimums of the Chinkou Span line is expected to be a support level at 0.8723.

Key levels

Support levels:  0.8794, 0.8723.

Resistance levels:  0.8825, 0.8875.

Trading tips

On the four-hour chart we can see a correction of the descending trend; on the daily chart the price is trading within a wide sideways channel. Target for the short-term buys is 0.8875.


Anastasiya Glushkova 
Analyst of LiteForex Group of Companies 

Tuesday, 15 Apr, 2014 / 8:26

Source :

Trading news


Will the ECB disturb the waters?

· ECB unlikely to rock euro – resilient economy vs higher yields [...]

Posted on Thursday, 22 Apr, 2021 / 9:50 under


Verizon reported a strong start to the year, with a solid operational [...]

Posted on Thursday, 22 Apr, 2021 / 8:06 under

Can the Bank of Canada pull off a ‘cautious’ tapering?

· Bank of Canada likely to scale down its vast QE program today [...]

Posted on Wednesday, 21 Apr, 2021 / 9:16 under