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Forex: Ichimoku Clouds. Review of USD/CHF on 05.02.2015

Let’s look at the four-hour chart. Tenkan-sen line has crossed Kijun-sen from above, forming a signal to sell. However, the downward impetus wasn’t enough, so Tenkan-sen and Kijun-sen lines are getting closer again and can soon form a signal to buy. Chinkou Span line wasn’t able to cross the price chart and stays above it; current Kumo-cloud is ascending. The pair is trading within a sideways 100-point-wide channel. Target for the Bears is the upper border of the cloud (0.9093). One of the previous maximum of Chinkou Span line is expected to be a resistance level at 0.9310.  

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