09, July 2013

USD/CHF (a 4 hour chart)

USD/CHF (a 4 hour chart)

General Overview

The current buy signal is confirmed and strong, as Chinkou span is above the price.

The first target for the growth 0.9600 has been worked out. The upward movement will be as long as the price is above the Kijun-Sen, if the price is fixed below the Kijun-sen, the buy signal will be weakened and the further upward movement is likely to be canceled.

Chinkou Span is above the price that confirms the current buy signal and indicates a bullish sentiment of the pair. Kijun-Sen and Tenkan-Sen are directed upwards.

Bollinger Bands indicator formed a fixed upward channel.
MACD is growing in a positive area.

Trading Recommendations

The pair USD/CHF is likely to continue to grow. Now resistance is at 0.9790 high on May 29. If the pair passes this mark, it will go to a maximum of 22 May 0.9840. If the growth continues the pair will go to 0.9900 and then 0.9972.