The currency pair USD/CHF US Dollar to Swiss Franc is trading at 0.9942. The pair is trading below the lower boundary of the Ichimoku Cloud, indicating a downward trend in the pair US Dollar Frank. An attempt is expected to fall and develop a bearish trend for a pair near the level of 0.9885.
Ichimoku Kinko Hyo USD/CHF Forecast on May 3, 2017
Earlier, a weak signal was received for purchases of the US Dollar Franc, due to the intersection of the signal lines at 0.9928. Cancellation of the fall option will be a breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotes above the area of 0.9970, which will indicate a change in the downward trend in favor of the ascending trend. Expect the acceleration of the fall in USD/CHF quotes with the breakdown of the local minimum area at the level of 0.9905.
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