21, 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 expect that the price will work out 0.9390 today. Then we suppose the pair will go down to 0.9290. Then we expect a growth to 0.9433.