The currency pair US Dollar to Swiss Franc USD/CHF completes trading week at 0.9945. The pair continues to trade below the lower limit of the Ichimoku Cloud, which indicates a downward trend in the pair US Dollar Frank. It is expected to test the lower boundary of the Ichimoku Cloud near the 0.9960 level, from which one should expect an attempt to fall and develop a bearish trend for the pair near the level of 0.9840.
Ichimoku Kinko Hyo USD/CHF Forecast May 1 — 5, 2017
Earlier, a weak signal was received for purchases of the US Dollar Franc, due to the intersection of signal lines at 0.9990. Cancellation of the fall option will be a breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotations above the area of 1.0040, which will indicate a change in the downward trend in favor of the ascending trend. Expect to accelerate the fall in USD/CHF quotations with a breakdown of the local minimum area at 0.9880.
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