USD/CHF (a 4 hour chart)
We can see that Tenkan-sen and Kijun-sen merged and remain horizontal since the last week. Chinkou Span follows along the price chart, the current cloud is downward. The pair is below the cloud and the Kijun-sen line, which becomes a resistance level.
The daily chart analysis shows that the downward trend is slowing down. Short positions can still be opened with the goal around 0.8990.
The pair will return to the downward movement after the return under the Kijun-sen and the Cloud what is happening now. If the price returns above the Kijun-sen, the sell signal will be weakened and the further growth will be put under question.
Bollinger Bands indicator follows the price down. The bands are narrowing.
The MACD histogram is in a negative area.
The pair is being traded in the range 0.9040-0.8990.
Should the price continue falling it may go to 0.8990.