USD/CHF (a 4 hour chart)
USDCHF is still in the stage of consolidation. The pair entered the Ichimoku Cloud and began trading in it. The first target of the northern movement 0.9335 was reached yesterday. The price bounced off it and started consolidation.
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 narrowing.
MACD histogram is trading in a positive zone and is growing.
The pair is in the Cloud. Nevertheless, the pair is growing. In the case of the upward movement, the pair will move to the level 0.9335 and 0.9415. If the pair leaves the Cloud and consolidates above it that will become a buy signal.
In the case of upward movement the pair will grow to the level 0.9335 and 0.9415.
If the pair stays in the Cloud it is likely to trade between 0.9335 and 0.9290 levels.
When you open positions consider the fundamental analysis and the time of its release as well.