FxWirePro

We prefer to go Short in USD/CHF

Short
FX:USDCHF   U.S. Dollar / Swiss Franc
2

Short term trend: Bearish
Ichimoku analysis (4 Hour chart):
Tenkan-Sen level: 0.9671
Kijun-Sen level: 0.9722
Ichimoku cloud top: 0.9748
Ichimoku cloud bottom: 0.9705

USD/CHF has made a low of 0.9615 and slightly recovered from that level. Overall trend is weak as long as resistance 0.9776 (Dec 9th high) holds
The pair minor support is around 0.9615 and any break of will target 0.9550/0.9530 in short term. The minor resistance is around 0.9725 (Dec 9th high) and break of would extend gain to 0.9778/0.9818.

Indicators
Ichimoku (9, 26, 52, 26) - Sell
MACD (12.26.9) – Sell

Recommendation: Sell USD/CHF around 0.9718, SL 0.9779, Target 0.9530.