The currency pair US Dollar to Swiss Franc USD/CHF is trading at 1.0086. The pair continues to trade 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 area of signal lines near the level of 1.0050, from which we should expect an attempt of growth and development of the bullish tendency for the pair with the purpose of growth near the level of 1.0150.
Ichimoku Kinko Hyo USD/CHF forecast on April 11, 2017
Earlier, a weak signal was received for purchases of the US Dollar Franc, due to the intersection of signal lines at 0.9880. 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 0.9970, which will indicate a shift in the upward trend in favor of the downward trend. Expect to accelerate the growth of quotations USD/CHF is with the breakdown of the local maximum area at the level of 1.0110.
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