The currency pair US Dollar to Swiss Franc USD/CHF currency pair is trading at 0.9919. The pair continues to trade below the lower limit of the Ichimoku Cloud, which indicates a downward trend in the pair US Dollar Frank. Quotations of the pair test the lower boundary of the Ichimoku Cloud, a rebound is expected in the area near the level of 0.9850 from which another Cloud test near the 0.9910 level is again probable, due to the fact that the current trend began to weaken.
Ichimoku Forecast USD/CHF on March 30, 2017
Earlier, a strong signal was received for the sale of the US Dollar Franc, due to the intersection of the signal lines at 0.9960. The abolition of the decline option will be a breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotations above the area of 0.9980, which will indicate a change in the downward trend in favor of the ascending trend. Expect to accelerate the fall in USD/CHF quotes with a breakdown of the local minimum area at 0.9840.
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