USD/CHF (a 4 hour chart)
The current buy signal is confirmed and weak, as Chinkou span is below the price and the pair has almost broken the Cloud through.
The pair corrected to 0.9410 and is consolidating in a range 0.9500 - 0.9410. The upward movement will be as long as the price is above the Kijun-Sen, if the price is fixed below the Kijun-sen, the buy signal will be weakened and the further upward movement is likely to be canceled.
Chinkou Span is below the price that confirms the current sell signal and indicates a bearish sentiment of the pair. Kijun-Sen and Tenkan-Sen are directed downwards.
Bollinger Bands indicator formed a fixed upward channel.
MACD is growing in a negative area.
The pair faces further easing of pressure on minimum 0.9405 last week. After a sharp drop from a high 0.9753 on July 9 the pair closed the week down, and its trading range fully encompassed the range of the previous week. The pair is targeted to the 0.9365 support area. Corrective gains of the pair are not able to reach the key 0.9580 resistance area. A recovery above 0.9535 is needed, so that the pair opened the way to 0.9580, but it will take a fresh wave of growth to make a break above 0.9580.