The currency pair US Dollar to Swiss Franc USD/CHF is trading at 0.9957. Quotations for the pair broke through the lower boundary of the Ichimoku Cloud and began to bargain inside the Cloud, indicating a side trend in the Dollar Franc pair. It is expected to test the lower boundary of the Ichimoku Cloud near the 0.9930 level, from which one should expect an attempt of growth and development of the bullish trend for this pair with the purpose of increasing the level of 1.0030.
Ichimoku Kinko Hyo forecast USD/CHF on March 31, 2017
Earlier, we received a weak signal for purchases of the US Dollar Franc, due to the crossing of the signal lines at 0.9890, but it is worth trying only to try the purchases with the breakdown of the upper boundary of the Ichimoku Cloud. The 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 0.9850, which will indicate a change in the 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 0.9940.
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