Currency pair USD/CHF US Dollar to Swiss Franc is trading at 0.9790. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the Dollar/Franc pair. The upper limit of the Ichimoku Kinko Hyo indicator cloud is expected near the level of 0.9760, from which one should expect an attempt of growth and further development of the bullish trend with the target close to 0.9905 level. An additional signal in favor of the growth of the pair will be a test of the lower boundary of the ascending channel.
Dollar Franc forecast USD/CHF on October 11, 2017
Earlier, a strong signal was received for buy of the Dollar/Franc pair, due to the crossing of the signal lines at the level of 0.9735. The cancellation of the growth of the quotes of the pair will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 0.9690, which will indicate a change in the bullish trend in favor of the bearish trend. Expect the acceleration of USD/CHF quotes growth with the breakdown of the area of 0.9865.