28, June 2013

USD/CHF (a 4 hour chart)

USD/CHF (a 4 hour chart)

General Overview

The current buy signal is confirmed and strong, as Chinkou span entrenched above the price.

The goal for the upward movement is 0.9500. If the price passes the first target it will go to the resistance level 0.9600.

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 formed a fixed upward channel.
MACD is growing in a positive area.

Trading Recommendations

The short uptrend with a mark 0.9129 is again directed to the desired target level at 0.9472. The breakthrough to a new 3-three-week maximum 0.9445 on Wednesday caused a consolidation, but support at 0.9370 has begun to play an important role, and it is expected, it will limit the falling. In its turn, the achievement of the target level at around 0.9472 will target the pair at 0.9484 and 0.9521, respectively.