26, November 2013

USD/CHF (a 4- hour chart)

USD/CHF (a 4- hour chart)

General Overview

The pair has not been able to continue its upward movement yesterday and reached the value 0.9124. The offset remains neutral in the near future, perhaps with a little downwards, testing the mark 0.9100.

Tenkan-sen is crossed with Kijun-sen having formed a "Dead Cross". Chinkou Span crosses the price chart from the bottom up, the cloud remains growing. Tenkan-sen and Kijun-sen are following the price downwards.

The pair will return to the upward movement if it gets back above the cloud. If the price returns above the Kijun-sen, the sell signal will be weakened and the further falling will be put under the question.

Bollinger Bands are directed downwards right now.
The MACD is at the negative zone.

Trading Recommendations

The clear break and day/weekly close below this level of the market could trigger further downward script the current week. The nearest resistance is at 0.9126, a clear break through it initiates and upward pressure testing 0.9200.

As an alternative the pair can fall to 0.9090.