Currency pair US Dollar to Swiss Franc USD/CHF closes the trading week near the level of 0.9743. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Dollar/Franc pair. Ichimoku Kinko Hyo Cloud is expected to test near the 0.9805 level, from which it is expected to attempt a rebound and further fall with a target near the 0.9520 level.
Dollar Franc forecast USD/CHF on January 1 — 5, 2018
Earlier, a signal of medium strength was obtained for the sell of the Dollar/Franc pair, due to the crossing of the signal lines at the level of 0.9865. The cancellation of the fall of the pair’s quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 0.9910, indicating a change in the flat trend in favor of the bullish trend. Expect the acceleration of USD/CHF quotations falling with the breakdown of the lower bound of the «Triangle» model and the closing below the level of 0.9710.
