USD/CHF (a 4- hour chart)
The Swiss franc grew to 7 months high level versus the euro as investors analyzed the improved economic performance on the eve of central bank meeting this week. Swiss National Bank, which in 2011 introduced the peg of franc to the euro at 1.20, announced its decision on monetary policy.
Tenkan-sen is crossed with Kijun-sen having formed a "Dead Cross". Chinkou Span is below the price. Tenkan-sen and Kijun-sen are following the price downwards. The Cloud is descending.
The pair will return to the upward movement if it gets back above the cloud. If the price returns above the Kijun-sen, the sell signal will be weakened and the further falling will be put under the question.
Indicator Bollinger shows the downward movement, its bands are expanded.
MACD is in a negative zone but the histogram is making attempts now to cross the bottom up its signal line and thereby form a buy signal.
13-month minimum of 0.8850 remains under threat since the Thursday; the decrease to 0.8832 and below is expected. There are downside risks below 1.618 for 0.8832 and a break below 0.8891 on Tuesday which signaled the risk of a decline in the longer term to 0.8433.