USD/CHF (a 4 hour chart)
The pair shows a negative trend in the short term. USDCHF is under correction.
The pair resumed the downward movement, the first goal of the southern movement is the level 0.9290.
Should consolidate on it, the pair will go to 0.9210.
The pair consolidates below the Ichimoku cloud. Yesterday, the pair traded in a narrow corridor downwards.
The Tenkan-Sen is below the Kijun-sen, both lines are going down. The Chinkou Span is below the price chart, the cloud is falling. The downward movement continues.
Bollinger Bands are narrowing and pointing aside, indicating a lateral movement.
MACD histogram is trading in a negative zone and started to grow.
We should wait until the downward movement is over. We expect consolidation and a return to a growth. If the pair continues to fall it will go to the level 0.9290.
In the case of the upward movement, the pair will grow to the level 0.9415 and 0.9450.
When you open positions consider the fundamental analysis and the time of its release as well.