USD/CHF (a 4 hour chart)
The latest news showed that the situation on the currency market got warmer. The situation with Cyprus is stabilized and traders are looking at statistics in the region, wondering when the economy will start its recovering.
Yesterday the pair was in a downward movement. The pair corrected to Kijun-Sen, entered the cloud, but could not overcome it. We have a weak signal to buy. If the franc pierces the cloud the buy signal will be canceled.
Tenkan-Sen is below the Kijun-Sen, the two lines are neutral. The Cloud stopped growing.
The northern movement continues to the level 0.9525. But first, the pair should consolidate at the level 0.9486. This level was just tested yesterday.
Bollinger Bands show a possible continuation of the correction. The Bands are directed aside.
MACD histogram entered the negative zone.
We recommend to wait till we get the clear signal where the pair is heading to. If the pair breaks through the Cloud it will go straight to the level 0.9415.
The first goal of the northern movement is the level 0.9486. After consolidation at it the pair will go to 0.9525.
When you open positions consider the fundamental analysis and the time of its release as well.