USD/CHF (a 4 hour chart)
The current buy signal is confirmed and strong, as Chinkou span entrenched above the price.
The goal for the upward movement is 0.9500. If the price passes the first target it will go to the resistance level 0.9600.
The upward movement will be as long as the price is above the Kijun-Sen, if the price is fixed below the Kijun-sen, the buy signal will be weakened and the further upward movement is likely to be canceled.
Chinkou Span is above the price that confirms the current buy signal and indicates a bullish sentiment of the pair.
Bollinger Bands indicator formed a fixed upward channel.
MACD is growing in a positive area.
Franc is likely to be traded up this week as long as it is above Thursday's lowest point at 0.9402.
The resistance is at 0.9520, a maximum of June 4. A break of this level will open the way to 0.9567. In case of further growth the pair will go to a June 3 maximum 0.9624 , and then to a maximum of May 29 at 0.9790.
However, the weakening below 0.9402 will worsen the short-term positive outlook, pointing the pair to 1.4829, a minimum of 18 June 0.9172, and then to a four-month lowest point 0.9128, reached on June 13.