USD/CHF (a 4 hour chart)
The pair was not active yesterday, its volatility was low. The franc was trading at 0.9406 level the whole day. We believe that the pair will continue an upward movement this week.
The signal to buy is preserved. The pair is being traded at 0.9406. After working out the current level franc shall continue the northern movement. The first target is the resistance level 0.9465 the second is 0.9505 (six months maximum).
The Tenkan-Sen is above the Kijun-Sen. The Tenkan-Sen is going up the Kijun-Sen is horizontal. The Chinkou Span is under the price chart, the direction of the cloud is uprising.
Everything confirms an upward movement.
The pair will grow as long as the price is above the Kijun-sen 0.9368. If the price is fixed below this level an upward movement can be canceled.
Bollinger bands are going up and narrowing
MACD is up as well.
We have a strong buy signal. It is recommended to open long positions. The first target of the upward movement is 0.9465. After consolidating on it the price will go to 0.9505.
The stop-loss is better to set below the Kijun 0.9368. Take-profit should be set up by 5-10 points below the goals. After receiving a profit of 20-30 points we place stop loss to a breakeven.