USD/CHF (a 4- hour chart)
The main trend is going downside, the downward long-term trend is directed to 0.7837. Medium-term trend is also down warded, the goal is 0.9007. But the price falling is interrupted by a short-term correction, whose target is 0.9128. After the correction is over the pair shall restore a downward movement.
From a technical point of view, USD/CHF broke through trendline resistance and remains optimistic. Another resistance is near 0.9100 and 0.9180 (maximum of 20 November). The immediate support is at 0.8980, 0.8930/20 area below.
The price is directed upwards. Chinkou Span is above the price. The pair is above the cloud.
The northern movement is remained until Kijun-Sen is located below the price. Tenkan-sen is growing, Kijun sen is horizontal. The cloud is growing.
Bollinger bands show an upward movement.
MACD histogram is located in the positive zone and below its signal line. The histogram is growing.
The growing is slowing down. The long orders target is 0.9094 and 0.9084. The correction or falling will send the pair to 0.8990.