05, July 2013

USD/CHF (a 4 hour chart)

USD/CHF (a 4 hour chart)

General Overview

The current buy signal is confirmed and strong, as Chinkou span is above the price.

The first target for the growth 0.9500 has been worked out. 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.

Trading Recommendations

The pair USD/CHF waits for the formation of a downward cycle. If the price breaks 0.9500 we can expect that the upward movement will continue, in this case, the goal will be 0.9591-0.9600.