USD/CHF weekly forecast & analysis August 27 — 31, 2018


Currency pair USD/CHF Dollar/Franc completes trading week near the level of 0.9853. The pair continues to move within the framework of the «Triangle» model development. At this point, we should expect a test of the resistance area near the 0.9930 level and the continued decline of the pair with a target below 0.9520.

USD/CHF weekly forecast & analysis August 27 — 31, 2018

In favor of the fall of the pair, Dollar/Frank will perform a test of a broken trend line on the indicator of relative strength index (RSI), as well as a rebound from the lower bound of the «Triangle» model. The cancellation of the USD/CHF decline option will result in a strong growth and breakout of the area of ​​0.9960, which will indicate the breakdown of the lower bound of the «Triangle» model and the continued growth of the pair on Forex. A confirmation of the pair’s decline in the current trading week on August 27 — 31, 2018 will be the breakdown of the support area and the closing of quotations below the level of 0.9750.

USD/CHF weekly forecast & analysis August 27 — 31, 2018

USD/CHF weekly forecast & analysis August 27 — 31, 2018 involves an attempt to test the resistance level near the area of ​​0.9930 and continue the fall of USD/CHF to the area below the level of 0.9520, in favor of growth will test the trend line on the indicator of relative strength index (RSI).


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