Currency pair USD/CHF US Dollar to Swiss Franc is trading at 0.9197. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Dollar/Franc pair. Ichimoku Kinko Hyo signal line area test near the level of 0.9255 is expected, from which it is expected to attempt a rebound and continue falling of the pair with the target near the level of 0.9070. An additional signal in favor of the fall of the pair will be a test of the support level, as well as a test of the upper boundary of the bearish channel.
Dollar Franc forecast USD/CHF on February 19, 2018
Earlier, a medium strength signal was received for the sell of the Dollar/Franc pair, due to the crossing of the signal lines at the level of 0.9375. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 0.9365, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in USD/CHF quotes with a breakdown of the lower border of the channel and a close below 0.9160.
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