USD/CHF (a 4 hour chart)
Last week the dollar/franc also corrected to the critical line, and even overcame it, but then completed the correction and it is now trying to resume a downward movement.
The current sell signal is confirmed and strong, as Chinkou span is above the price and the pair is below the Cloud.
The pair is being traded in a range 0.9344 - 0.9270. The first downtrend target is the support level 0.9270.
Chinkou Span is below the price that confirms the sell signal and indicates a bullish sentiment of the pair. Kijun-Sen and Tenkan-Sen are directed downwards, both lines are horizontal The Cloud is directed down.
Bollinger Bands indicator formed a fixed downward channel.
MACD is growing in a negative area.
The USD/CHF did not go above the maximum of the morning and re-tested the 0.9270. It looks like the pair was getting ready to date again denoting the scope of the trading range, the output of which will set the trading direction in the next days.
The movement of the pair below 0.9265 opens the way for sales with the targets 0.9220 and 0.9180. After overcoming the level 0.9325 we should consider the targets of buying 0.9340 and 0.9370.