13, March 2013

USD/CHF (a 4 hour chart)

USD/CHF (a 4 hour chart)

General overview

The signal to buy is strong. At the moment the frank is working out a correction. The correction should not go below 0.9451.

The buy signal is preserved. The Tenkan-Sen (0.9468) is below the Kijun-Sen (0.9480). Kijun-Sen is horizontal. The Ichimoku Cloud is upward form.

The growing will be relevant as long as the price is above the Kijun-sen.

Bollinger Bands indicator shows the lateral movement.

MACD shows a buy signal.

Trading recommendations

We recommend opening long positions. The buy signal is strong and confirmed. The first target is 0.9525. The pair may stay at this level for a while or we can expect a correction towards levels 0.9486 and 0.9451. The second target is the level 0.9560.