20, June 2013

USD/CHF (a 4 hour chart)

USD/CHF (a 4 hour chart)

General Overview

The pair is still being traded in a price range, and it is clear that this growth will be continued.

The sell signal is weak and confirmed. Chinkou Span is located above the price, the price is above the Ichimoku cloud. The pair is being corrected. The downward movement will be back again if the price returns below the Kijun-Sen.

The indicator Bollinger bands is broadening.
MACD is in the negative zone, the histogram is falling.

Trading Recommendations

We see that the price is being consolidated near the key level 0.9200 in the range from 0.9170 to 0.9260. The downtrend is still in force, despite this, the trend line has been broken. To cancel the current trend is required a beak of 0.9260 and closed candle at below this level.