Dollar Franc forecast USD/CHF on July 20, 2017


Currency pair US Dollar to Swiss Franc USD/CHF is trading at 0.9541. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Dollar/Franc. The pair USD/CHF is expected to rise to the level of 0.9580, from which it is expected to try to fall and develop the bearish trend for the pair Dollar/Franc with the target to decrease near the level of 0.9470.

Dollar Franc forecast USD/CHF on July 20, 2017

Dollar Franc forecast USD/CHF on July 20, 2017

Earlier, a medium strength signal was received for the sale of the Dollar/Franc, due to the crossing of the signal lines at 0.9645. An additional signal in favor of a bearish trend will be a resistance area test. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of the pair’s quotes above the area of ​​0.9640, which will indicate a bearish trend in favor of the bullish trend. Expect the acceleration of USD/CHF quotes falling with the breakdown of the local minimum area at the level of 0.9510.


Join our Telegram Channel


Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link

Post Comment