15, August 2013

USD/CHF (a 4 hour chart)

USD/CHF (a 4 hour chart)

General Overview

USD/CHF continues to work out a sell signal on a daily chart. Still the pair is being corrected up. The current sell signal is weak, as Chinkou span entrenched above the price, and the price is above the Ichimoku cloud. The price broke the cloud and is being traded at its upper boundary

Kijun-Sen and Tenkan-Sen are crossed in a descending "dead cross" on a daily chart. Tenkan-sen is in the cloud, the Kijun-sen line is above Senkou Span B and is moving in a horizontal direction. The cloud is directed down. The downward movement will be continued as long as the price is below the Kijun-sen.

Bollinger Bands indicator follows the price up.
MACD is growing, signaling an upward price movement.

Trading Recommendations

The pair is growing. The bullish sentiments will be confirmed when the pair breaks the 9350, that will open the way towards 0.9390, 0.9425 and 0.9465.