Currency pair Dollar Franc USD/CHF continues to move as part of the fall and the beginning of the Forex mining of the «Triangle» model. At the time of publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 1.0159. Moving averages indicate the presence of an upward trend in the pair. At the moment, we should expect an attempt to continue growth and test the resistance area near the level of 1.0175. Then, the continuation of the fall of the US Dollar against the Swiss Franc with a target below the level of 1.0025.
USD/CHF Forecast Dollar Franc May 2, 2019
In favor of reducing the pair Dollar/Franc will perform a test of the downward trend line on the indicator of relative strength index (RSI). The second signal will be a rebound from the lower boundary of the «Triangle» model. Cancellation of the fall of the USD/CHF pair on FOREX will be a strong growth and a breakdown of the 1.0235 area. This will indicate a breakdown of the resistance area and continued growth of the USD/CHF quotes to the area above the level of 1.0325. Expect to accelerate the fall in USD/CHF quotes with the breakdown of the support area and closing below 1.0125.
USD/CHF Forecast Dollar Franc May 2, 2019 involves an attempt to test the resistance area near the level of 1.0175. Further, the continuation of the fall of the pair USD/CHF with the goal below the level of 1.0025. An additional signal in favor of the fall of the pair Dollar/Franc will be the test of the resistance line on the indicator of relative strength index (RSI). Cancellation of the fall option will be a strong growth and the breakdown of the 1.0235 area. This will indicate a breakdown of the resistance level and continued growth of the pair with a potential target above the level of 1.0325.
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