USD/CHF (a 4 hour chart)
The signal to buy is strong and confirmed. The Chinkou Span is above the price and the price is being traded above the Ichimoku cloud.
On Thursday the pair moved little from its high points which the pair had reached earlier in the week. The pair tested 0.9486, bounced from it, having directed towards 0.9451.
The upward movement will be as long as the price is above the Kijun-Sen (0.9390) if the price consolidates below this line it should weaken a buy signal and can be the beginning of a downtrend to 0.9335.
On the four-hour chart Tenkan-Sen is below the Kijun-Sen, the Tenkan-Sen is directed upwards, the Kijun-Sen is directed sideways. The Chinkou Span is below the price chart, the Cloud is growing.
Bollinger Bands are expanding and are directed upwards.
MACD is in a positive area, the histogram is growing. The signal line has left the histogram confirming the correction.
Indicators point to the northern movement. We recommend to open long positions.
We recommend opening long positions. The pair tested the 0.9486 level, should the pair consolidate above this level the upward movement will continue to the level 0.9525.
It is possible a lateral movement or a short-term correction towards 0.9415 level today.
When you open positions consider the fundamental analysis and the time of its release as well.