03, January 2014

USD/CHF (a 4- hour chart)

USD/CHF (a 4- hour chart)

General Overview

The price is directed upwards. Chinkou Span is above the price. The price is above the cloud.

Northern movement is remained until Kijun-Sen is located below the price. Tenkan-sen is growing, Kijun sen is horizontal. The cloud is growing.

Bollinger bands show the beginning of the upward movement.
MACD histogram is located in the positive zone and below its signal line. The histogram is growing.

Trading recommendations

We believe that the pair is to continue its growth. The pair left the cloud, a brief consolidation is possible and we expect a growth then. The first goal 0.8990 is reached, after that a 0.9040 goes.