Currency pair US Dollar to Swiss Franc USD/CHF completes trading week at the level of 1.0009. The pair is traded within the bands of the Bollinger Bands indicator, periodically crossing the moving average with a period of 55, indicating that there is a lateral trend for the pair US Dollar to Swiss Franc. At the moment, the pair’s quotes are moving near the middle border of the Bollinger Bands indicator bars. It is worth waiting for the test of the upper boundary of the Bollinger Bands indicator bars near the level 1.0090, where again we should expect the test of the lower boundary of the Bollinger Bands indicator near the level of 0.9850.
USD/CHF forecast for the week May 15 — 19, 2017
Consider selling the pair is with the breaking of the lower border of the Bollinger Bands indicator and closing of the quotations for USD/CHF below the area of 0.9800, which will indicate the presence of a downward trend. With a downward trend, the conservative sale area will be near the upper boundary of the Bollinger Bands indicator bars at 1.0090. Consider buying US Dollar to Swiss Franc stands with the breaking of the upper boundary of the Bollinger Bands indicator bars and the closing of the USD/CHF quotes above the area of 1.0180, which indicates the presence of an upward trend. With the upward trend, the conservative buy area for purchases will be located near the lower boundary of the Bollinger Bands indicator bars at 0.9850.
