USD/CHF (a 4 hour chart)
USD/CHF has formed a new "golden cross" and is fixed above the Ichimoku cloud.
The current buy signal is almost cancelled as the Chinkou Span is below the price and the price is being traded in the Ichimoku cloud.
So now the goal of the downward movement is the first support level 0.9300. Still we should go short only after the price penetrating the Cloud down.
If the price consolidates at the first target the upward movement will be continued to the second resistance level 0.9450.
Bollinger bands show the upward movement, the bands slightly expanded and directed upwards.
MACD is in a positive zone,but started to go down.
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.
We do not recommend to enter the market when the price is in the Cloud. We should wait until it leaves the Cloud.