03, February 2014

USD/CHF (a 4- hour chart)

USD/CHF (a 4- hour chart)

General Overview

The Swiss franc is losing against the background of the strengthening of the dollar, which has activated after the publication of the FOMС protocols.

The USD/CHF remains positive. The return above 0.9100 make 0.9140/50 and 0.9180 (maximums of November 20) the goal of the growth. The previous minimums are at 0.8930 (the nearest support) and at 0.8900. The upper support is at 0.8730 (minimums of December 17) and at the 0.8700 (minimums of December27).

The northern movement remains until Kijun-Sen is located below the price. Tenkan-sen is crossing Kijun-sen upwards now. The cloud is neutral. The price is above the Cloud.

Bollinger bands still show an upward movement; its bands are broadening
MACD histogram is located in a positive zone. The histogram is growing.

Trading recommendations

The pair is trading above its new support level and is still inclined to growth. Long positions above 0.9 with the target levels 0.906 and 0.908 seem appropriate. The weakening below 0.9 will aim the pair at the further reduction to the target levels 0.898 and 0.8955.