FX.co ★ Ichimoku cloud indicator Daily analysis of USDCHF

Ichimoku cloud indicator Daily analysis of USDCHF

USDCHF recently got rejected once again at 0.9190 very close to the recent high made at 0.9206. Price is moving lower towards 0.9080-0.9090 where we find the two key price indicators of the Ichimoku cloud.

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The rejection at the cloud resistance confirms the bearish trend we are in. Support by the tenkan-sen and kijun-sen is found at 0.9085-0.9095. Breaking below this level will push price towards 0.9055. Bulls need to break above the Kumo (cloud). As long as price is below the Kumo, price is vulnerable to a visit of November lows.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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