This pair kicks off the new trade week looking quite bullish to me. On the weekly chart price starts out above the 55 ema with an upper Bollinger Band opening up. The 5 ema has crossed above the 21 and 13 and the 13 is prepping to cross the 21. Price is quite a distance above the 5 and the stochastic is in the overbought zone so a pullback may be soon to come.
USD/CHF Weekly Chart
On the daily chart we are gracefully riding the 5 ema. the 13 ema has crossed the 233 and the 21 is following right along. The upper Bollinger Band is not open however and the stochastics is in the overbought zone. The upper Bollinger Band also happens to be at the 50.0 Fib of the recent move down. We are still a few hundred pips from that level so price could continue in to that level before the pullback is triggered. Price is above the monthly R2 and up against the weekly M3, however the 4 hour and 1 hour charts maintain a bullish appearance.
USD/CHF Daily Chart
Price is riding the 4 hour 5 ema as it is the 1 hour ema and the 1 hour upper Bollinger Band is wide open and pointing up. I am sure the weekly M3 will soon be breached. Price is above the Friday high and is also riding the 15 minute 5 ema. At this point I maintain a bullish bias on this pair until proven otherwise. Bullish price action means USD strength so bare this in mind while trading USD pairs.
USD/CHF 4 Hour Chart