USD/CHF (a 4- hour chart)
The pair keeps a positive attitude versus the dollar on expectations of weak U.S. economic data. Let us remember you that the dollar fell against most currencies after the U.S. Labor Department report showed minimal for the last two years, employment growth in December. This weakened the speculation about what the Federal Reserve will continue to curtail the program QE, used to stimulate economic growth.
The price is directed downwards though it is corrected. Chinkou Span is above the price. The price is above the cloud.
The northern movement is remained until Kijun-Sen is located below the price. Tenkan-sen is crossing Kijun sen downwards. The cloud is growing.
Bollinger bands still show an upward movement though the indicator started turning down.
MACD histogram is located in the positive zone. The histogram is descending.
The northern movement comes to "naught." We expect the correction toward the cloud to be continued. The pair may reach 0.8990. Should the pair break the Cloud down USD/CHF will return to the southern movement, the first target is 0.8950. If the pair bounces from the Cloud Up the targets are 0.9090 and 0.9130.