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USD/JPY: the epidemiological situation in Japan is rapidly deteriorating 28 July 2022, 11:47

  USD/JPY: the epidemiological situation in Japan is rapidly deteriorating 28 July 2022, 11:47 Scenario Timeframe Weekly Reco...

Sep 13, 2017

CAD/CHF: Ichimoku clouds 13 September 2017, 06:58

 

Scenario
Timeframe Intraday
Recommendation BUY
Entry Point 0.78821
Take Profit 0.79168
Stop Loss 0.78367
Key Levels 0.77865 0.78367 0.79168 0.79240


Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, both lines are directed upwards. Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. The closest support level is Kijun-sen line (0.78367). One of the previous maximums of Chikou Span line is expected to be a resistance level (0.79168).



On the daily 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 ascending. 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 (0.77865). One of the previous maximums of Chikou Span line is expected to be a resistance level (0.79240).

It is recommended to open long positions at current price with Take Profit at the level of previous maximum of Chikou Span (0.79168) line and Stop Loss at the level of Kijun-sen line (0.78367).

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