10, February 2014

USD/CHF (a 4- hour chart)

USD/CHF (a 4- hour chart)

General Overview

Swiss Franc is weakening against the dollar, although it remains within the set price range.

USD/CHF has received a support at 0.8980. It may fall below loss 0.8930 ( January 29 lows ). If the pair is back above 0.9100 the price might grow to 0.9140/50 and 0.9180 ( maximum of 20 November).

The pair is below the Cloud that cancels the northern movement. Tenkan-sen is crossing Kijun-sen downwards now. The cloud is neutral. The southern movement remains until Kijun-Sen is located above the price.

Bollinger bands still show a downward movement; its bands are broadening confirming the sell signal.
MACD histogram is in a negative zone. The histogram is descending.

Trading recommendations

If the pair keeps falling it will go straight to 0.8940 and if it changes its mind the pair will grow to 0.9040, then to 0.9130.