USD/CHF (a 4 hour chart)
USD/CHF has formed a new "golden cross" and can be fixed inside the Ichimoku cloud, still the buy signal remains weak.
The current buy signal is not confirmed as Chinkou Span is below the price and the price is within the Ichimoku cloud. So now the goal of the upward movement is the first resistance level of 0.9410. Still we should go long only after the price leaving the Cloud.
If the price consolidates at the first target the upward movement will be continued to the second resistance level 0.9450.
Chinkou Span is below the price that is not proof the current buy signal and indicates a bearish sentiment of traders.
Bollinger bands show the beginning of the upward movement, the band slightly expanded and directed upwards.
MACD is in a positive zone, signaling upward movement.
The pair is likely to trade between 0.9300 and 0.9450 this week. If Franc consolidates above 0.9450, it will be strengthened in the short term, targeting to 0.9500.