Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 0.9963. The pair continues to move in growth. At the moment, we should expect an attempt to decrease and test the support area near the level of 0.9830, then continue the growth of the pair with the goal above the level of 1.0290.
USD/CHF weekly forecast & analysis October 22 — 26, 2018
In favor of the growth of the Dollar/Franc will make a test of the trend line on the indicator of relative strength index (RSI), as well as a rebound from the broken down channel boundary. Cancellation of the growth of USD/CHF will be the fall and the breakdown of the area of 0.9695, which indicates a breakdown of the upper boundary of the channel and the continuation of the fall of the pair on Forex. Confirmation of the growth of the pair in the current trading week of October 22 — 26, 2018 will be the breakdown of the resistance area and closing of quotes above the level of 1.0030.
USD/CHF weekly forecast & analysis October 22 — 26, 2018 implies an attempt to test the support level near the 0.9830 area and continue the USD/CHF growth to the area above 1.0290; if the USD/CHF will break the support area and close quotes below the level of 0.9695, which will indicate the continuation of the fall of the pair.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
