CAD/CHF: ICHIMOKU INDICATORS ANALYSIS
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | BUY |
| Entry Point | 0.63066 |
| Take Profit | 0.64244 |
| Stop Loss | 0.62651 |
| Key Levels | 0.61232,0.62651,0.63672,0.<wbr>64244 |
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 descending. 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 (0.62651). The closest resistance level is the upper border of the cloud (0.64244).
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 descending. The instrument is trading between Tenkan-sen and Kijun-sen lines. The closest support level is Kijun-sen line (0.63672). One of the previous maximums of Chikou Span line is expected to be a resistance level (0.61232).
On the four-hour chart the instrument is still rising. On the daily chart the Bullish trend is still strong.
CAD/CHF: ICHIMOKU INDICATORS ANALYSIS
08 August 2024, 16:33
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | BUY |
| Entry Point | 0.63066 |
| Take Profit | 0.64244 |
| Stop Loss | 0.62651 |
| Key Levels | 0.61232,0.62651,0.63672,0.<wbr>64244 |
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 descending. 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 (0.62651). The closest resistance level is the upper border of the cloud (0.64244).
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 descending. The instrument is trading between Tenkan-sen and Kijun-sen lines. The closest support level is Kijun-sen line (0.63672). One of the previous maximums of Chikou Span line is expected to be a resistance level (0.61232).
On the four-hour chart the instrument is still rising. On the daily chart the Bullish trend is still strong.
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