Currency pair US Dollar to Swiss Franc USD/CHF completes the trading week near the level of 0.9745. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the Dollar/Franc pair. The test of the signal line area of the indicator near the level of 0.9660 is expected, from which one should expect an attempt of growth and further development of the bullish trend with the target near the level of 1.00.
Dollar Franc forecast USD/CHF on October 16 — 20, 2017
Earlier, a weak signal was received for buy of the Dollar/Franc pair, due to crossing of the signal lines at the level of 0.9570. The cancellation of the growth of the pair’s quotations will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 0.9540, which will indicate a change in the bullish trend in favor of a bearish trend. Expect the acceleration of USD/CHF quotes growth with a breakdown of the resistance level and a close above the area of 0.9860.