30, November 2015

USD/CHF (a 4 hour chart)

USD/CHF (a 4 hour chart)

General overview

The dollar and the franc remained mostly at the same place as on Thursday when the US markets were closed to celebrate Thanksgiving Day. The sales remained sluggish until the end of the day as the US markets were closed early on Friday, extending the holiday lull. However by the end of the day the pair slightly increased.

The pair remains stable near the recent highs. The USD/CHF pair consolidated above the strong resistance level of 1.0280. The Swiss franc upward trend is stable, despite the strong divergence on the volumes.

The price is finding the first support at 1.0280, the next one is 1.0190. The price is finding the resistance at 1.0370.

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 shows. The upward movement will be until the price is above the Cloud.

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

Trading recommendations

We advise to long with the target – 1.0370.