USD CHF forecast next week 23 — 27 May 2016


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The currency pair USD CHF ends the current week as part of a strong upward movement. At the moment, there is potential for a rebound from the upper border of the channel and of the fall.

USD CHF forecast next week 23 — 27 May 2016

USD CHF forecast next week 23 — 27 May 2016

Cancellation option will increase in quotes usd chf pair above the level of 1.00, which would provoke a continuation of growth of pair within the working off of Wolfe wave with target at level of 1.02. Therefore, at this moment we should try to sell the USD CHF with a close stop.

USD CHF forecast next week 23 — 27 May 2016 suggests an attempt to fall within the beginning of the descending pattern 1:1 with a potential target at levels below 0.90.


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