The currency pair USD/CHF is trading at 1.0004. Quotations for the pair broke through the Ichimoku Cloud and began to trade above its area, indicating an upward trend in the Pair of the US Dollar Franc. It is expected to test the upper boundary of the Ichimoku Cloud near the 0.9970 level, from which one should expect an attempt of growth and development of the bullish trend for this pair with the purpose of growth near the level of 1.0070.
Ichimoku Forecast USD/CHF on April 3, 2017
Earlier, a weak signal was received for purchases of the Pair of the US Dollar Franc, due to the crossing of the signal lines at the level of 0.9880. The cancellation of the growth option will be the breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 0.9870, which will indicate a shift in the upward trend in favor of a downward trend. Expect to accelerate the growth of quotations USD/CHF is with the breakdown of the local maximum area at 1.0030.
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