06, May 2013

USD/CHF (a 4 hour chart)

USD/CHF (a 4 hour chart)

General overview

The sell signal weakened even more since the price entered the Cloud. We can see a strong market volatility.

On the four-hour chart Tenkan-Sen is below Kijun-Sen, Tenkan-Sen is directed upward, the Kijun-sen is directed down. The Chinkou Span is below the price chart, the Ichimoku cloud is now in a neutral position.

Bollinger Bands are directed aside.
MACD is in a negative zone and it is growing.

Trading recommendations

The market is uncertain. The price is being traded in the Cloud, an indicator Bollinger Bands forms a side channel.

If the pair continues to grow, it will go to the level 0.9450. In case of a renewed downward movement the pair will go to 0.9300.