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Ichimoku Indicator

29.06.201712:57 Forex Analysis & Reviews: Technical analysis and trading recommendations for the USD / CHF currency pair as of June 29, 2017

Long-term review

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4-hour timeframe

The amplitude of the previous day (high-low): 68 points.

The distance of the past day: 224 points.

THE BIG PICTURE:

Trading recommendations:

Aside from the technical aspect, traders should also consider the fundamental data and their scheduled releases.

When there is a possibility to open deals in advance, switch to the smaller timeframe (M15-M30) and monitor the reversal of the trend indicators (e.g. Heiken Ashi) considering the price level and the possibility for a pullback.

Explanation of the picture:

Ichimoku:

Tenkan-sen - red line.

Kijun-sen - blue line.

Senkou Span A - light brown dotted line.

Senkou Span B - light purple stipple line.

Chinkou Span - green line.

Bollinger Bands indicator:

3 yellow lines.

MACD indicator:

The red line and the histogram with the white bars in the indicators window.

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