Dollar Franc forecast USD/CHF on October 20, 2017


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Currency pair USD/CHF US Dollar to Swiss Franc is trading at 0.9813. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the Dollar/Franc pair. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 0.9775, from which it is expected to attempt a rebound and further development of the bullish trend with the target close to 0.9905 level.

Dollar Franc forecast USD/CHF on October 20, 2017

Dollar Franc forecast USD/CHF on October 20, 2017

Earlier, a weak signal was obtained for the buy of the Dollar/Franc pair, due to crossing of the signal lines at the level of 0.9735. The cancellation of the growth of the quotes of the pair will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of ​​0.9735, 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 resistance level and the closing above the area of ​​0.9845.

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