Currency pair USD/CHF US Dollar to Swiss Franc is trading at 0.9974 and continues to move as part of the correction. The pair is trading below the lower limit of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a downward trend in the dollar/franc pair. As part of the Dollar Franc Forecast USD/CHF March 1, 2019. A test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 0.9985. Where should we expect an attempt to rebound and the continuation of the fall of the pair with a potential target near the level of 0.9885.
Dollar Franc Forecast USD/CHF March 1, 2019
An additional signal in favor of the fall of the pair USD/CHF will be a rebound from the resistance area. The second signal will be the test of the upper limit of the bearish channel. Earlier, a weak signal was received for SELL the Dollar/Franc pair. The signal was formed due to the intersection of the signal lines at the level of 1.0065.
Canceling the option of falling quotations of the pair USD/CHF will be a breakdown of the upper limit of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the 1.0045 area. This option will indicate a change in the downward trend in favor of the upward trend and continued growth of the pair. Expect to accelerate the fall in USD/CHF quotes with the breakdown of the support area and closing below 0.9930.
Dollar Franc Forecast USD/CHF March 1, 2019 involves an attempt to test the resistance level near the area of 0.9985. Where can we expect the continuation of the fall of the currency pair with a potential target near the level of 0.9885. Cancel the option to reduce the pair will breakdown area 1.0045. This will indicate a continued appreciation of the US dollar against the Swiss Franc.