USD/CHF (a 4- hour chart)
The frank continued to consolidate in a narrow range vs. the dollar. Data released on Tuesday showed that the index of general level of economic activity at New York Federal Reserve Bank in December grew to 0.98 vs. 4.75 and 2.21 from the previous period. The testament to growth revitalize at the U.S. manufacturing sector was the maximum of the year increase in industrial production for the November.
Tenkan-sen is crossed with Kijun-sen forming a "Dead Cross". Chinkou Span is below the price. Tenkan-sen and Kijun-sen are following the price downwards. The Cloud is descending.
The pair will return to the upward movement if it gets back above the cloud. If the price returns above the Kijun-sen, the sell signal will be weakened and the further falling will be put under the question.
Indicator Bollinger shows the downward movement, its bands are narrowing forming a side channel.
MACD is in a negative zone but the histogram is making attempts now to cross the bottom up its signal line and thereby form a buy signal.
The pair keeps falling we see strong attempts to break through 0.8850. If the pair manages to do that it will go to 0.8800.