The currency pair US Dollar to Swiss Franc USD/CHF is trading at 0.9937. The pair continues to trade below the lower limit of the Ichimoku Cloud, which indicates a downward trend in the pair US Dollar Frank. It is expected to test the lower boundary of the Ichimoku Cloud near the 0.9950 level, from which one should expect an attempt to fall and develop a bearish trend for a pair near the level of 0.9870.
Ichimoku Kinko Hyo USD/CHF Forecast on May 2, 2017
Earlier, a strong signal was received for sales of the US Dollar to Franc, due to the intersection of signal lines at 0.9945. 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 0.9960, which indicates a change in the downward trend in favor of the ascending trend. Expect to accelerate the fall in USD/CHF quotes with a breakdown of the local minimum area at 0.9900.
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