27, February 2014

USD/CHF (a 4- hour chart)

USD/CHF (a 4- hour chart)

General Overview

The Swiss franc rose slightly versus the U.S. dollar. The pair USD/CHF grew and is trading above 0.8890. The immediate support is at 0.8850 (last week's lows). Loss may increase to the level 0.8820. The return above the 0.8900 will enable testing 0.9000. The nearest resistance is at 0.9000.

The pair is in the Cloud that cancels the northern movement. Tenkan-sen is crossing Kijun-sen downwards. The cloud is decreasing. The southern movement remains until Kijun-Sen is located above the price.

Bollinger bands still show a downward movement.
MACD histogram is in a negative zone. The histogram is descending.

Trading recommendations

When the price consolidates below the 0.8847, the level 0.8815 will become the sell target. In the case of a trend reversal 0.8980 will become the target.