26, March 2014

USD/CHF (a 4- hour chart)

USD/CHF (a 4- hour chart)

General Overview

The Franc continues to follow the euro/dollar. The first support is in the area 0.8800, then - 0.8740. The first resistance level is at 0.8890.

The price is above the cloud and under Chinkou-Span, that’s a confirmed buy signal. Both trend lines are moving horizontally. The cloud is directed upwards. The northern movement remains until Kijun-Sen is located below the price.

MACD histogram is still in a positive area, but below its signal line. The indicator shows a buy signal.

Trading recommendations

The Franc is directed towards 0.8890. After fixing above the target 0.8950 will become the next target.