Currency pair US Dollar to Swiss Franc USD/CHF is trading at 0.9793. The pair continues to trade below the lower boundary of the Cloud of Ichimoku Kinko Hyo, which indicates a bearish trend in the pair US Dollar to Swiss Franc USD/CHF. It is expected to test the area of signal lines near the level of 0.9860, from which one should expect an attempt to fall and develop a bearish trend for a pair USD/CHF near the level 0.9720.
USD CHF forecast US Dollar to Swiss Franc on May 19, 2017
Earlier, a weak signal was received for the sale of the US Dollar to Swiss Franc USD/CHF, due to the crossing of the signal lines at 1.0038. The cancellation of the fall of the pair quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 0.9960, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in USD/CHF quotations with a breakdown of the local minimum area at 0.9760.
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