Short Term trend: Bullish
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 0.9575
Kijun-Sen level: 0.9620
Ichimoku cloud top: 0.9648
Ichimoku cloud bottom: 0.9650
USD/CHF made a low of 0.9551 and has slightly recovered from that level. The intraday trend bias is bullish as long as 0.9539 support holds.
The break of 0.9539 will target 0.9470/0.9440. The minor resistance is around 0.9590 (Support turned into resistance) and any indicative break would extend gain to 0.96240/0.9660.
Recommendation: Buy USD/CHF around 0.9580, SL 0.9539, Target 0.9624/0.9660.
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 0.9575
Kijun-Sen level: 0.9620
Ichimoku cloud top: 0.9648
Ichimoku cloud bottom: 0.9650
USD/CHF made a low of 0.9551 and has slightly recovered from that level. The intraday trend bias is bullish as long as 0.9539 support holds.
The break of 0.9539 will target 0.9470/0.9440. The minor resistance is around 0.9590 (Support turned into resistance) and any indicative break would extend gain to 0.96240/0.9660.
Recommendation: Buy USD/CHF around 0.9580, SL 0.9539, Target 0.9624/0.9660.