Let’s have a look at the four-hour chart. After emergence of the “Gold Cross” the price broke through the downward cloud and rushed further upward. At the moment, price level is below the line Tenkan-Sen. Expected support levels are: the line Kijun-Sen and the level of 0.9536 (upper limit of the cloud). If the pair USD/CHF starts to grow up, support level will be on the line Tenkan-Sen. It is very likely that resistance level will be at the level of 0.9630, as the line Chinkou Span has reached extreme values several times.
The line Chinkou Span is above price chart. Current cloud is ascending.
On the chart with time frame D1 the line Tenkan-Sen has crossed with Kijun-Sen, however intersection took place above the cloud, which gave a weak “bearish” signal and the price is now above the lines Tenkan-Sen and Kijun-Sen again.
The line Chinkou Span is above the price chart. Current cloud is rising. Daily chart confirms uptrend.
