Currency pair US Dollar to Swiss Franc USD/CHF closes the trading week at 0.9575. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the Dollar/Franc. The pair USD/CHF is expected to rise near the level of 0.9670, from which one should expect an attempt to fall and develop a bearish trend for the pair with a target to lower near the level of 0.9460.
USD/CHF weekly forecast on July 3 — 7, 2017
Previously, a strong signal was received for the sale of the Dollar/Franc, due to the crossing of the signal lines at 0.9960. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of the pair’s quotes above the area of 0.9880, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in USD/CHF quotes with the breakdown of the local minimum area at 0.9520.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
