22, April 2013

USD/CHF (a 4 hour chart)

USD/CHF (a 4 hour chart)

General overview

USDCHF is still in a consolidation phase. The pair entered the Cloud and is traded there. The first goal of the northern movement is the level 0.9335.

The Tenkan-Sen is below the Kijun-sen, both lines are going up. The Chinkou Span is below the price chart, the Cloud is neutral.

Bollinger Bands are turning up following the price.
MACD histogram is trading in a positive zone and is growing.

Trading recommendations

We have a weak sell signal which will be as long as the pair is trading under a Cloud. If the pair breaks through the Cloud up that will cancel the sell signal.

In the case of upward movement the pair will grow to the level 0.9335 and 0.9415.

There might be a correction to the level 0.9290, after which the price is to resume its growth.

When you open positions consider the fundamental analysis and the time of its release as well.