Currency pair US Dollar to Swiss Franc USD/CHF completes the trading week near the level of 0.9333. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Dollar/Franc. The test area of Ichimoku Kinko Hyo signal lines near the level of 0.9430 is expected, from which it is expected to attempt a rebound and further fall with the target close to the level of 0.9170.
Dollar Franc forecast USD/CHF on January 29 — February 2, 2018
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. 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 quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 0.9800, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in USD/CHF quotes with a breakdown of the level of 0.9150.
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