USD/CHF (a 4 hour chart)
The franc shoed a low activity as markets were closed due to the holidays. News from the United States during the week was mostly positive. Thus, in accordance with the published Fed's Beige Book "the growth rate increased in the United States’ most regions".
The first support is 0.8800, the next is 0.8740. The first resistance is 0.8850, the next is one 0.8890.
The price is in the cloud and under Chinkou-Span, that’s a confirmed buy signal. The Kijun-sen is growing. The Tenkan-sen is directed upward. The cloud is still directed downwards. The upward movement remains until Kijun-Sen is above the price.
The MACD histogram crossed the zero line downwards; it continues to gradually decline.
We recommend long positions with the first target 0.8850. When the price fixes above the first target, the level 0.8890 becomes the second one.