USD/CHF (a 4 hour chart)
The pressure on the dollar from franc grows, the dollar is losing confidence after the publication of data on the labor market in July. The data came out worse than it was expected and gave rise to the next wave of speculation about the timing to reduce the quantitative easing program.
The pair is trying to resume a downward movement now.
The current sell signal is confirmed and weak. The pair has resumed growth, finding a bottom at 0.9270. The pair is in the trading range of 0.9270-0.9215.
Trend lines the Kijun-Sen and Tenkan-Sen are crossed in a descending "dead cross". Tenkan-sen is in the cloud, the Kijun-sen line is above Senkou Span B and is moving in a horizontal direction. The cloud is directed down.
Bollinger Bands indicator follows the price down.
MACD is around zero histogram.
The strong resistance around 0,9390-0,9405 puts pressure on the support 0.9270. Promising recovery from July 31 minimum 0.9228 was cast into doubt, and loss of 0.9270 support again target the minimum 0.9228 in the short term. A recovery above the resistance 0.9362 re-target the pair to the area 0,9390-0,9405.
With the growth of the emphasis put on the 0.9396 and 0.941.