USD/CHF (a 4 hour chart)
The rate of Swiss franc markedly fell in the middle of the week, thus responding to the positive statistics of the U.S.A. As it turned out the level of retail sales rose in October contrasted with the back of sustained car purchases growth. However, franc regained all its lost earlier positions already on Friday, which was associated with the member of SNB board - Fritz Zerbruegga - comments. He declared that the SNB would maintain the top of the franc, as the global economic recovery remains weak.
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.
The pair keeps falling. The target is 0.9040.