Currency pair USD/CHF US Dollar to Swiss Franc is trading at 0.9368. 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 0.9435 is expected, from which it is expected to attempt a rebound and continue falling of the pair with the target near the level of 0.9165.
Dollar Franc forecast USD/CHF on January 29, 2018
Earlier, a strong signal was received for the sell of the Dollar/Franc pair, due to the crossing of the signal lines at the level of 0.9585.
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 quotes above the area of 0.9640, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of USD/CHF quotations falling with the breakdown of the lower border of the descending channel and the closing below the level of 0.9225.
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