The currency pair US Dollar to Swiss Franc USD/CHF is trading at 0.9938. The pair broke through the Ichimoku Kinko Hyo Cloud and began to trade below its lower limit, indicating a downward trend in the pair US Dollar to Swiss Franc. Ichimoku Kinko Hyo Cloud near the level of 0.9970 is expected to be tested, from which it is expected to try to fall and develop the bearish trend for the pair US Dollar to Swiss Franc near the level of 0.9880.
Ichimoku Kinko Hyo forecast USD/CHF on May 17, 2017
Earlier, a weak signal was received for the sale of the pair USD/CHF, due to the crossing of the signal lines at 1.0038. 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 quotations above the area of 1.0020, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in USD/CHF quotes with a breakdown of the local minimum area at 0.9910.
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