Technical Analytics Report

AUD/CHF: Ichimoku Indicators Analysis 10 Feb 2021

 AUD/CHF: H4

Let’s look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading between Tenkan-sen and Kijun-sen lines. The closest support level is the upper border of the cloud (0.6845). The closest resistance level is Tenkan-sen line (0.7052).

AUD/CHF: D1

On the daily 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 (0.6820). One of the previous maximums of Chikou Span line is expected to be a resistance level (0.7098). 

It is recommended to open long positions at current price with the target at the level of previous maximum of Chikou Span line (0.7052) and Stop Loss at the upper border of the cloud (0.6845). 

Scenario 

TIMEFRAME: INTRADAY

RECOMMENDATION: BUY

ENTRY POINT: 0.6900

TAKE PROFIT: 0.7052

STOP LOSS: 0.6845

KEY LEVELS: 0.6820,0.6845, 0.7052, 0.7098 


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