USD/CHF (a 4 hour chart)
The dollar/franc worked the upper limit of the Ichimoku cloud and bounced away, began to correct to the Kijun-sen, Bollinger Bands are slightly expanded.
The current buy signal is confirmed and strong, as Chinkou span entrenched above the price.
The goal for the upward movement is 0.9410. If the price passes the first target it will go to the resistance level 0.9500.
The upward movement will be as long as the price is above the Kijun-Sen, if the price is fixed below the Kijun-sen, the buy signal will be weakened and the further upward movement is likely to be canceled.
Chinkou Span is above the price that confirms the current buy signal and indicates a bullish sentiment of the pair.
Bollinger Bands indicator shows the beginning of ascending movement, its stripes a little bit are diverging and directed upwards.
MACD is turned down which indicates a downward price movement.
We do not exclude the consolidation downward towards 0.9270. A break below Monday's low at 0.9313 will signal a weakening in the direction of the projected support 0.9262.
Bulls need to keep this level of integrity to maintain the healthy structure of the short-wave growth from a low 0.9129 on June 13.
Achieved a minimum of 0.9242 on Friday made the minimum required target level of growth at 0.9472, and needs a break above Monday's high at 0.9380 to regain control of bulls.