29, December 2014

USD/CHF (a 4-hour chart)

USD/CHF (a 4-hour chart)

General overview

The US showed a fairly positive data, as a result the demand for the US dollar has grown. Against this background, the Swiss franc gave up its positions.

The price is finding the first support at 0.9850, the next one is at 0.9800. The price is finding the resistance at 0.9900.

There is a confirmed and a strong buy signal. The price is above the Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen show a horizontal movement. The upward movement will be until the price is above the Cloud.

The MACD indicator is in a positive territory. The price is increasing.

Trading recommendations

We advise to long with the first target - 0.9900.