USD/CHF (a 4- hour chart)
The pair stopped its downward correction. We believe it will be neutral in the near future, but overall the price is still in a downward phase after the formation a "double top".
The nearest support is around 0.9150. The clear break below that area could trigger further bearish pressure to test0.9100 or to go lower.
The pair has left the descending channel at a daily chart. Tenkan-sen is crossed with Kijun-sen forming a "Golden Cross". Chinkou Span crosses the price chart from the bottom up, the cloud remains growing. Tenkan-sen and Kijun-sen are following the price upwards. Tenkan-sen is directed upwards, Kijun-sen is horizontal.
The pair will return to the downward movement if it gets back below the cloud. If the price returns below the Kijun-sen, the buy signal will be weakened and the further growing will be put under the question.
Bollinger Bands are directed downwards right now.
The MACD is at the zero level.
The pair is in the Cloud right now. Where it will go will determine its future direction. If the pair breaks the Cloud down that will lead to a trend change. The first target is 0.9126, the second is 0.9090.
The pair can bounce up having returned to a growth. The goals here are 0.9180 and 0.9230.