The currency pair US Dollar to Swiss Franc USD/CHF is trading at 0.9946. The pair broke through the Ichimoku Cloud and began to bargain above its upper limit, indicating a downward trend in the US Dollar Franc. The pair is expected to rise near the 0.9960 level, followed by the test of the upper limit of the Ichimoku Cloud at 0.9940, where we expect an attempt to grow and develop the bullish trend for the pair US Dollar Franc near the level of 1.0010.
Ichimoku Kinko Hyo USD/CHF Forecast on May 9, 2017
Previously, a strong signal was received for the sale of the US Dollar Franc, due to the intersection of the signal lines at 0.9928. The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 0.9885, which will indicate a change in the downward trend in favor of the upside. Expect the acceleration of USD/CHF quotes growth with the breakdown of the local maximum area at the level of 0.9985.
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