Dollar Franc forecast USD/CHF on October 16, 2017


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Currency pair USD/CHF US Dollar to Swiss Franc is trading at 0.9750. The pair is traded within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend for the Dollar/Franc pair. The breakdown and the test of the lower boundary of the Ichimoku Kinko Hyo indicator Cloud are expected near the level of 0.9745, from which one should expect an attempt to fall and further develop the bearish trend with the target near the level of 0.9625.

Dollar Franc forecast USD/CHF on October 16, 2017

Dollar Franc forecast USD/CHF on October 16, 2017

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 fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of ​​0.9800, which will indicate a change in the flat trend in favor of the bullish trend. Expect the acceleration of the fall in USD/CHF quotes is with the breakdown of the area of ​​0.9700.

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