Currency pair USD/CHF US Dollar to Swiss Franc is trading at 0.9981. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend for the Dollar/Franc pair. Ichimoku Kinko Hyo Cloud is expected to test near the 0.9970 level, from which it is expected to attempt a rebound and further development of the bullish trend with a target near the level of 1.0130.
Dollar Franc forecast USD/CHF on November 8, 2017
Earlier, a weak signal was received for the sell of the Dollar/Franc pair, due to the crossing of the signal lines at the level of 0.9975. The cancellation of the growth of the pair’s quotations will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 0.9920, which will indicate a change in the bullish trend in favor of the bearish trend. Expect the acceleration of USD/CHF quotes growth with the breakdown of the upper limit of the Triangle model and the closing above the level of 1.0060.
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