20, February 2015

USD/CHF (a 4-hour chart)

USD/CHF (a 4-hour chart)

General overview

The pair doolar-franc started the upward movement. Earlier the Swiss franc has slightly strengthened its position after the FOMC protocols. There are risks regarding the geopolitical situation in the FOMC meeting minutes on 27-28 January. Taking into account the low inflation and other risks, many committee members tend to the zero rate preservation for a longer period of time.

The price is finding the first support at 0.9340, the next one is at 0.9150. The price is finding the first resistance at 0.9540, the next one is at 0.9750.

There is a confirmed and a strong buy signal. The price is above the Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen shows an upward movement shows a horizontal movement. The upward movement will be until the price is above the Cloud.

The MACD indicator is in a neutral territory. The price is consolidating.

Trading recommendations

We advise to long with the first target - 0.9540. When the pair consolidates above the first target, we can open deals to the level of 0.9750.