Currency pair US Dollar to Franc USD/CHF completes trading week at 0.9675. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Dollar/Franc. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 0.9680, from which one should expect an attempt to fall and develop a bearish tendency for a pair with the target of lowering near the level of 0.9340.
Dollar Franc forecast USD/CHF on July 31 — August 4, 2017
Previously, a strong signal was received for buying of the Dollar/Franc, due to the crossing of the signal lines at 0.9894. Cancellation of the fall of the pair quotes will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes of the pair above the area of 0.9850, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in USD/CHF quotes with a breakdown of the local minimum area at 0.9400.
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