13, December 2013

USD/CHF (a 4- hour chart)

USD/CHF (a 4- hour chart)

General Overview

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.

Trading Recommendations

The Swiss franc was traded in narrow range versus the U.S. dollar. The dollar traded mixed as investors await actions from the U.S. authorities on the issue of Q3 program cuts to avoid a government lockout. USD/CHF fell to lows 0.8850 on 24th of October and recovered lately. There is a support is at 0.8820 below yesterday's lows. The resistance is located at 0.8930 (Monday’s high level) and at 0.9020, then at 0.9100.