Currency pair US Dollar to Swiss Franc USD/CHF completes trading week at 0.9724. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the US Dollar to Swiss Franc. The pair is expected to rise near the 0.9830 level, from which it is expected to try to fall and develop a bearish trend for the pair with a target near the level 0.9555.
USD/CHF weekly forecast on May 22 — 26, 2017
Previously, a strong signal was received for the sale of the US Dollar to Swiss Franc USD/CHF, due to the crossing of the signal lines at 0.9960. The cancellation of the fall of the pair’s quotes 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 1.0010, which indicates 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 0.9620.
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