Currency pair US Dollar to Swiss Franc USD/CHF completes the trading week near the level of 0.9269. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a downward trend in the Dollar Franc pair. Ichimoku Kinko Hyo signal line area test is expected near the level of 0.9380, from which it is expected to attempt a rebound and further fall with a target near the 0.9050 level. An additional signal in favor of the fall of the pair will be a test of the resistance level, as well as a test of the upper boundary of the bearish channel.
Dollar Franc forecast USD/CHF on February 19 — 23, 2018
Earlier, a signal of medium strength was received 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 quotations will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 0.9650, which will indicate 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 support level and a close below 0.9200.
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