14, March 2013

USD/CHF (a 4 hour chart)

USD/CHF (a 4 hour chart)

General overview

The pair is fixed above the Kijun-Sen, the sell signal is cancelled. Frank continues to move in the rising channel. We have a strong signal to buy. The pair resumed an upward movement, breaking through the levels 0.9486 and 0.9525. The upward movement was stopped by the upper line of Bollinger Bands.

The Tenkan-Sen (0.9479) is below the Kijun-Sen (0.9482). Kijun-Sen is horizontal. The Ichimoku Cloud has an upward form.

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

Bollinger Bands directed sideways and upwards, bands range is broadening. The indicator points to an upward movement.

MACD is in the positive zone and is going up.

Trading recommendations

We recommend opening long positions. The buy signal is strong and confirmed. The first target is 0.9525. The second target is the level 0.9560.