USD/CHF (a 4- hour chart)
The pair returned to its downward correction. We believe it will continue falling in the near future, the price will be in a downward phase for a while.
The nearest support is around 0.9090. The clear break below that area could trigger further bearish pressure to test 0.9060 or to go lower to 0.9040.
Tenkan-sen is crossed with Kijun-sen having formed a "Dead Cross". Chinkou Span crosses the price chart from the bottom up, the cloud remains growing. Tenkan-sen and Kijun-sen are following the price downwards.
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.
Bollinger Bands are directed downwards right now.
The MACD is at the negative zone.
Buying relegated to the second place. Pair is falling. The break below the cloud and consolidation below it will be a good signal to a decrease. The first goal is 0.9090 and the second is 0.9060.