The currency pair US Dollar to Swiss Franc USD/CHF completes trading month at 0.9928. The pair is trading above the upper limit of the Ichimoku Cloud, indicating that there is an upward trend in the pair US Dollar Frank. It is expected to test the upper boundary of the Ichimoku Cloud near the level of 0.9880, from which one should expect an attempt of growth and development of the bullish tendency for the pair near the level of 1.0280.
Ichimoku Kinko Hyo Forecast USD/CHF for May 2017
Earlier, a signal of medium strength was received for the sale of the US Dollar Franc, due to the intersection of signal lines at 0.9746. Cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 0.9750, which will indicate a change in the upward trend in favor of a downward trend. Expect to accelerate the growth of quotations USD/CHF stands with the breakdown of the local maximum area at the level of 1.0100.
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