Dollar Franc forecast USD/CHF on October 12, 2017


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Currency pair USD/CHF US Dollar to Swiss Franc is trading at 0.9750. 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 test of the upper limit of the Ichimoku Kinko Hyo indicator cloud is expected near the level of 0.9740, where we can expect an attempt of growth and further development of the bullish trend with the target close to the level of 0.9890.

Dollar Franc forecast USD/CHF on October 12, 2017

Dollar Franc forecast USD/CHF on October 12, 2017

An additional signal in favor of the growth of the pair will be a test of the lower boundary of the bullish channel. Earlier, a weak signal was received for the sell of the Dollar/Franc, due to the crossing of signal lines at 0.9775. The cancellation of the growth of the quotes of the pair will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of ​​0.9680, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations USD/CHF stands with the breakdown of the area 0.9910.

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