Ichimoku Cloud Analysis Practice EURCHF Forecast

Ichimoku Cloud Analysis Practice EURCHF Forecast

Welcome to another episode of Ichimoku cloud analysis! Today I’m looking at the EUR/CHF pair, which is moving a bit differently (okay, a LOT differently) than the EUR/USD pair.

This is just for practice purposes for you.

It’s the behind the scenes of my strategy development for TickMill, which is one of my clients who ask me to create trading strategies for them.

I no longer personally trade forex.

However, I use Ichimoku Cloud Analysis across all the assets that I invest in, including stocks, ETFs and cryptocurrency.

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I look at the markets based on my signature Invest Diva Diamond Analysis (IDDA) and combine it with the Ichimoku Kinko Hyo strategy development technique including indications from the Ichimoku cloud. The IDDA looks at investment strategies from 5 points: technicals, fundamentals, sentiment, capital, and overall.


On Wednesday we found out that the US economy grew at a moderate 2.1% annual rate in the third quarter, and that Pending home sales, which measure signed contracts, fell 1.7% in October month-to-month. Thursday is Thanksgiving holiday in the US so we won’t be seeing much activity from the greenback as almost all Americans will be enjoying Thanksgiving Turkey dinner with their family and friends. However, from Switzerland, we’ll get their GDP for the third quarter, and from Germany, we’ll get their Consumer Price Index.

Technical Analysis

Today I’m looking at the EUR/CHF pair. This minor pair bottomed out back in September, but its bullish momentum has been choppy so far. It’s been forming higher lows below the Ichimoku cloud, and so far, has had at least one failed attempt to find long-term bullish momentum after breaking above the daily Ichimoku cloud. The pair broke above the daily Ichimoku cloud again last week, and so far has been supported by the upper band of the Ichimoku cloud.

Now, yesterday, I looked at the EUR/USD pair and identified a potential bearish momentum. But here, with the EUR/CHF pair, we have a potential bullish momentum. This means, that the fate of each of these EUR cross pairs, may remain in the quote currency’s hands. In other words, if the CHF keeps getting weaker across the board, we could see the EUR/CHF bullish momentum gain track.

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Disclaimer Trading in the financial markets involves a risk of loss and you should only trade the money you can afford to lose.

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In my book, Ichimoku Secrets, I explain how this could be an interesting buying opportunity provided you’re willing to take the risk. For more on Ichimoku strategy development, don’t forget to grab the PDF version of my book, Ichimoku Secrets.