The currency pair USD/CHF is trading at 0.9463. 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 0.9520, 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 0.9390.
Dollar Franc forecast USD/CHF on July 25, 2017
Earlier, a medium strength signal was received for the sale of the US Dollar Franc, due to the crossing of the signal lines at 0.9645. The cancellation of the fall of the pair quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the pair quotes closing above the area of 0.9590, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in USD/CHF quotations with a breakdown of the local minimum area at 0.9420.
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