USD/CHF prediction & technical analysis on October 16, 2017


Currency pair Dollar Franc USD/CHF continues to move within the correction. At the moment, we should expect a test of the level of 0.9770 and the continuation of the fall of quotations in the area below the level of 0.9620. In favor of reducing the Dollar/Franc pair is the breakdown of the support line on the indicator of relative strength index (RSI), as well as the formation of the «Head and Shoulders» reversal pattern.

USD/CHF prediction & technical analysis on October 16, 2017

The cancellation of the USD/CHF fall on the Forex will result in a strong growth and breakout of the area of ​​0.9870, which will indicate a breakdown of the resistance level and the continuation of the USD/CHF quotes above the 0.9970 area. Expect to accelerate the fall of quotations is with the breakdown of the level of 0.9690.

USD/CHF prediction & technical analysis on October 16, 2017

USD/CHF prediction & technical analysis on October 16, 2017 involves an attempt to drop the pair with the target near the area of ​​0.9620 as part of the development of the «Head and Shoulders» reversal model, an additional signal is a test of the broken trendline on the indicator of relative strength index (RSI).


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