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
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.
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