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.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
