Currency pair US Dollar to Swiss Franc USD/CHF is trading at 0.9786. The pair USD/CHF is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the US Dollar to Swiss Franc. It is expected to test the area of signal lines near the level of 0.9860, from which one should expect an attempt to fall and develop a bearish trend for a pair US Dollar to Swiss Franc USD/CHF near the level 0.9710.
USD/CHF forecast & analysis on May 22, 2017
Earlier, a weak signal was received for the sale of the pair US Dollar to Swiss Franc USD/CHF, due to the crossing of the signal lines at 1.0038. The cancellation of the fall of the pair quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 0.9960, which will indicate 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 0.9740.