06, February 2014

USD/CHF (a 4- hour chart)

USD/CHF (a 4- hour chart)

General Overview

The Swiss franc is consolidating.

The pair recovers, however is still below recent maximums at 0.9080. The return above 0.9100 makes the growth target 0.9140/50 and 0.9180. The support is at 0.9020.

The northern movement remains until Kijun-Sen is located below the price. Tenkan-sen is crossing Kijun-sen upwards now. The cloud is neutral. The price is above the Cloud.

Bollinger bands still show an upward movement; its bands are broadening
MACD histogram is located in a positive zone. The histogram is growing.

Trading recommendations

The pair is still at 0.9040 - an upper bound of the cloud. If the pair enters the cloud the price will move to a south, the target is 0.8990. Shall the pair bounce up the price will move to 0.9090.