The currency pair US Dollar to Swiss Franc USD/CHF is trading at 0.9939. The pair is trading below the lower boundary of the Ichimoku Cloud, indicating a downward trend in the pair US Dollar Frank. It is expected to test the lower boundary of the Ichimoku Cloud near the 0.9965 level, from which one should expect an attempt to fall and develop a bearish trend for the pair near the level of 0.9890.
Ichimoku Kinko Hyo forecast USD/CHF on April 28, 2017
Earlier, a strong signal was received for the sale of the US Dollar to Swiss Franc, due to the intersection of the signal lines at 0.9950. Cancellation of the fall option will be a breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotations above the 1.0000 area, 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 0.9920.
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