The currency pair US Dollar to Swiss Franc USD/CHF is trading at 0.9980. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating that there is an bullish trend in the pair USD/CHF. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the 0.9970 level, from which it is expected to try to grow and develop the bullish trend for the pair US Dollar to Swiss Franc near the target level of 1.0060.
USD/CHF forecast Swiss Franc on May 16, 2017
Earlier, a weak signal was received for the sale of the pair US Dollar to Swiss Franc, due to the crossing of the signal lines at 1.0038. The cancellation of the growth of the pair’s quotations will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 0.9960, which will indicate a change in the upward trend in favor of the downward trend. Expect to accelerate the growth of quotations USD/CHF with the breakdown of the local maximum area at 1.0050.