Currency pair USD/CHF US Dollar to Swiss Franc is trading at 0.9370. The pair is traded within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend for the Dollar/Franc pair. The test area of Ichimoku Kinko Hyo signal lines near the level of 0.9390 is expected, from which it is expected to attempt a rebound and continue falling of the pair with the target near the level of 0.9245.
Dollar Franc forecast USD/CHF on March 8, 2018
An additional signal in favor of the fall of the pair will be a test of the resistance area, as well as the formation of the reversal model «Head and Shoulders». Earlier, a weak signal was received for the sale of the Dollar/Franc pair, due to the crossing of the signal lines at the level of 0.9405.
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 0.9450, which will indicate a change in the flat trend in favor of the bullish trend. Expect to accelerate the fall in USD/CHF quotations with the breakdown of the lower boundary of the indicator Cloud and the closing below the level of 0.9335.
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