Currency pair US Dollar to Swiss Franc USD/CHF completes trading week at 0.9708. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the USD/CHF. The test area of signal lines near the level of 0.9800 is expected, from which one should expect an attempt to fall and develop a bearish trend for a pair near the level of 0.9550.
USD/CHF weekly forecast June 5 — 9, 2017
Previously, a strong signal was received for the sale of the US Dollar to Swiss 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 quotations above the area of 0.9900, which will indicate a 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 0.9600.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
