08, June 2015

USD/CHF (a 4 hour chart)

USD/CHF (a 4 hour chart)

General overview

The dollar strengthened its position after the labor market positive report. Last week it became known that the initial jobless claims number became 280K. That was better than everyone expected.

The price is finding the first support at 0.9370, the next one is at 0.9280. The price is finding the first resistance at 0.9540, the next one is at 0.9750.

There is a confirmed and a weak buy signal. The price is in the Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen show are changing their course to upwards.

The MACD indicator is in a negative territory. The indicator is growing.

Trading recommendations

We suppose the growth will be continued and the price will reach 0.9540 soon.