Currency pair USD/CHF US Dollar to Swiss Franc is trading at 1.0034 and continues to move as part of the correction. The pair is trading above the upper limit of the Ichimoku Kinko Hyo Cloud. This indicates the presence of an upward trend in the dollar franc pair. As part of the Dollar Franc Forecast USD/CHF March 15, 2019. A test of the lower border of the Ichimoku Kinko Hyo Cloud is expected near the level of 1.0020. Where should we expect an attempt to rebound and the continued growth of the pair with a potential target near the level of 1.0135.
Dollar Franc Forecast USD/CHF March 15, 2019
An additional signal in favor of raising the pair USD/CHF will be a rebound from the support area. The second signal will be the test of the lower boundary of the ascending 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 1.0075.
Cancellation of the growth option of the USD/CHF pair quotes will be the breakdown of the lower border of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the 1.0005 area. This option will indicate a change in the upward trend in favor of the downward trend and the continuation of the fall of the pair. Expect acceleration of growth of USD/CHF quotes with the breakdown of the resistance area and closing above the level of 1.0085.
Dollar Franc Forecast USD/CHF March 15, 2019 involves an attempt to test the support level near the area of 1.0020. Where can we expect to continue the growth of the currency pair with a potential target near the level of 1.0135. Cancellation of the growth of the pair will be the breakdown of the area of 1.0005. This will indicate a continuation of the fall of the US dollar against the Swiss Franc.