USD/CHF (a 4 hour chart)
The bulls on the dollar/ franc have been making desperate attempts to keep the pair from further falling, the price stabilized near 0.9060 still looks extremely uncertain.
Some traders believe that a break up can be a catalyst for a correction while others believe that the improvement of the situation can only happen in the case of repatriation and stabilization of the ISD/CHF above 0.9200.
The price is above the cloud now and is growing. We can see that Tenkan-sen and Kijun-sen are directed upwards. Chinkou Span is above the price, the cloud is growing.
The pair will return to the downward movement if it gets back under the cloud. If the price returns below the Kijun-sen, the buy signal will be weakened and the further growth will be put under question.
Bollinger Bands indicates further growth. The MACD histogram is growing as well.
The MACD histogram is in a negative area.
We can go long if the price break the level 0.9075. Short positions will be relevant only if the pair consolidates below 0.8970.