New week started above Kijun-sen 1.4537 support and the closest resistance is (4/8) 1.4648. If in the next few days bulls will break this resistance we will have signal of continuation of bullish trend to Senkou Span B 1.4890. Decrease below Kijun-sen will mean probable going back to Tenkan-sen 1.4387 support.
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On the daily chart we can see buy signal. Tenkan-sen is above Kijun-sen, Chikou Span is above chart and all of it is above bullish Kumo. Ichimoku lines with (7/8) line are now a support for bullish trend (1.4571-1.4526). Decrease below this area will be a signal of going bach to Senkou Span B 1.4387 area.
This pair stays above (5/8) 0.9888 for the eight session now. It creates support area in pair with Tenkan-sen 0.9876. Next resistance is set by next Murrey line 1.0010. Decrease below Tenkan-sen will mean further correction probably to Kumo top 0.9795.
On H4 chart USDCHF is right next to Tenkan-sen – Kijun-sen support (0.9921-0.9913). As long as chart stays above third level of balance – Senkou Span B 0.9876 – we should expect continuation of gains to (8/8) 1.0010.
Interesting situation over here. Despite chart being in Kumo bullish trend is dominating in short term. It is signalized by Chikou Span which is not only above chart but also Kijun-sen. First support level is set by Tenkan-sen 1.3040, USDCAD moves next to it for two sessions. Then we have Senkou Span B 1.2877 and if Loonie will stay above these levels, we should see another test of (4/8) 1.3184 and then (5/8) 1.3306.
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