22, December 2014

USD/CHF (a 4-hour chart)

USD/CHF (a 4-hour chart)

General overview

The US dollar rose by 0.05% against the Swiss franc. The franc fell sharply when the Switzerland central bank suddenly found the negative interest rates on deposits.

The price is finding the first support at 0.9800, the next one is at 0.9750. The price is finding the first resistance at 0.9850, the next one is at 0.9900.

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 shows an upward movement and the Kijun-sen show a horizontal movement. The upward movement will be until the price is above the Cloud.

The MACD indicator is in a positive territory. The price is increasing.

Trading recommendations

We advise to long with the first target - 0.9900.