Currency pair Swiss Franc to US Dollar USD/CHF completes trading week at 0.9606. The pair continues to trade within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in the Dollar/Franc. The pair USD/CHF is expected to rise to the level of 0.9650, from which one should expect an attempt to fall and further develop the bearish trend with a view to lower near the level of 0.9410.
USD/CHF weekly forecast on September 4 — 8, 2017
Earlier, a signal of medium strength was received for the sale of the Dollar/Franc, due to the crossing of the signal lines at the level of 0.9600. 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 quotes above the area of 0.9710, 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 0.9460.
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