USD/CHF (a 4 hour chart)
The pair is working out a "golden cross". The Frank remained at the same level all the trading on Friday. The market players are on Easter holidays.
Tenkan-Sen is below the Kijun-Sen, the two lines are directed up. The Cloud is growing. If the price consolidates above 0.9486, the northern movement will continue to level 0.9560. But first, the pair should consolidate at the level 0.9525.
The upward movement is strong as long as the pair is above the Kijun-sen, if the price falls below this line, it can return to the downward movement. In this case, the pair will go to the support level 0.9451.
Bollinger Bands show a possible continuation of the northern movement. The price range is widening.
MACD histogram is directed down that support the correction. You can go long when the indicator turns up.
We have a strong buy signal. We recommend considering long positions.
The first goal of the northern movement is the level 0.9525. After consolidation at it the pair will go to 0.9560.
The upward movement will continue until the pair is above the cloud.
When you open positions consider the fundamental analysis and the time of its release as well.
But so far we recommend staying out of the market. Easter holidays, uncertain situation with Cyprus and the unstable political climate in Italy do not encourage a decision-making.