Currency pair US Dollar Swiss Franc USD/CHF is trading at 0.9711. 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 test of the Ichimoku Kinko Hyo Cloud indicator signal line is expected near the level of 0.9650, from which one should expect an attempt of growth and further development of the bullish trend with the target of growth near the level of 0.9810.
Dollar Franc forecast USD/CHF on September 22, 2017
Earlier, a strong signal was received for buying of the Dollar/Franc pair, due to the crossing of signal lines at the level of 0.9640. 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 0.9540, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations USD/CHF is with the breakdown of the local maximum area at 0.9730.