Dollar Franc forecast USD/CHF on January 12, 2018


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Currency pair USD/CHF US Dollar to Swiss Franc is trading at 0.9779. The pair is traded within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend for the Dollar/Franc pair. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the 0.9805 level, from which it is expected to attempt a rebound and continue falling of the pair with the target near the level of 0.9670. An additional signal in favor of growth of quotations of the pair will be the formation of the reversal model «Head and Shoulders».

Dollar Franc forecast USD/CHF on January 12, 2018

Dollar Franc forecast USD/CHF on January 12, 2018

Earlier, a weak signal was obtained for the buy of the Dollar/Franc pair, due to the crossing of the signal lines at the level of 0.9765. 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 ​​0.9830, which will indicate a change in the flat trend in favor of a bullish trend. Expect to accelerate the fall in USD/CHF quotes with a breakdown of the lower boundary of the Indicator Cloud and a close below 0.9730.

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