17, October 2013

USD/CHF (a 4- hour chart)

USD/CHF (a 4- hour chart)

General Overview

The price is above the cloud 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 the question.

Bollinger Bands indicates further growth. The MACD histogram is growing as well.

Trading Recommendations

We still recommend going long. The pair is growing having broken several levels: 0.9090, 0.9126 and almost tested 0.9180. The last level is the main target now. Meanwhile the pair is being consolidated at the level – 0.9126.