03, May 2013

USD/CHF (a 4 hour chart)

USD/CHF (a 4 hour chart)

General overview

The sell signal weakened after yesterday's growth. The pair is moving upwards, towards the Cloud.
If the pair enters the cloud, it will weaken the sell signal even more.

On the four-hour chart Tenkan-Sen is below Kijun-Sen, Tenkan-Sen is directed downward, the Kijun-sen is directed up. The Chinkou Span is below the price chart, the Ichimoku cloud is now in a neutral position. The sell signal will be very important, as the pair is trading under a cloud.

Bollinger Bands are still pointing up, but it began to unfold behind the price.
MACD is in a negative zone.

Indicators show the decline.

Trading recommendations

If the pair continues to rise, it will go to the level 0.9335. After consolidating there it may continue growing to 0.9410.

In case of a renewed downward movement the pair will go to 0.9300.