Source: PaxForex Premium Analytics Portal, Technical Insight

The USD/CHF currency pair is traded at 0.9440 and continues its movement within the decline framework and start of the "Triangle" pattern. The pair is traded below the lower boundary of the Ichimoku Kinko Hyo Indicator Cloud. This indicates a bearish trend for the pair. The correction and lower boundary test of Ichimoku Kinko Hyo indicator cloud near the level of 0.9490 are expected to develop. Where to expect the attempt of bounce and continuation of the pair's falling with a potential target near the level of 0.9325 as part of the reversal model practice.

USD/CHF, 30 min

Pivot: 0.9458

Analysis:

Provided that the currency pair is traded above 0.9440, follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 0.9458
• Take Profit 1: 0.9480
• Take Profit 2: 0.9490

Alternative scenario: 

In case of breakdown of the level 0.9440, follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 0.9440
• Take Profit 1: 0.9510
• Take Profit 2: 0.9525

Comment:

RSI shows the possibility of an uptrend momentum. 

Key levels:

USD/CHF, D1

Pivot: 0.9490

Analysis:

While the price is below 0.9550, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 0.9490
• Take Profit 1: 0.9375
• Take Profit 2: 0.9255

Alternative scenario:

If the level 0.9550 is broken-out, follow the recommendations below.

• Time frame: D1
• Recommendation: long position
• Entry point: 0.9550
• Take Profit 1: 0.9650
• Take Profit 2: 0.9770

Comment:

RSI shows the development of a downtrend in the medium-term.

Key levels:

We also advise you to pay attention to the following currency pairs for intra-day trading:

USD/CAD - sell below 1.3585 with targets 1.3540, 1.3515 as Take Profit. Alternative scenario - if the level 1.3585 is broken-out, you should consider buying with the targets 1.3615 and 1.3640 as Take Profit.
GBP/USD - short positions below 1.2490 with 1.2450 and 1.2420 targets as Take Profit. Alternative scenario - if the level of 1.2490 is broke-out, buy with the targets 1.2525 and 1.2545 as Take Profit.
AUD/USD - sell below 0.6930 with 0.6910     and 0.6900 targets as Take Profit. Alternative scenario - if the level of 0.6930 is broke-out, buy with the TP 0.6910 and 0.6900.