The currency pair USD/CHF closes the trading week at 0.9617. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Dollar/Franc. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 0.9630, from which one should expect an attempt to fall and further develop the bearish trend with a target to lower near the level of 0.9350.
USD/CHF weekly forecast on August 21 — 25, 2017
Earlier, a weak signal was received for buying of the Dollar/Franc, due to the crossing of signal lines at 0.9590. The cancellation of the fall of the pair quotations will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 0.9700, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in USD/CHF quotes with a breakdown of the local minimum area at 0.9410.
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