Currency pair US Dollar to Swiss Franc USD/CHF completes the trading week near the level of 1.0006. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a bullish trend in the dollar/franc pair. The current trading week is expected to test the upper limit of the Ichimoku Kinko Hyo Cloud near 0.9935. Where should we expect an attempt to rebound and further growth of the pair with a target near the level of 1.0255.
Dollar Franc forecast USD/CHF March 4 — 8, 2019
An additional signal in favor of the growth of the pair USD/CHF will be the test of the support level. As well as a rebound from the upper boundary of the bearish channel. Earlier, a weak signal was received for BUY the Dollar/Franc pair. The signal was formed due to the intersection of signal lines at the level of 0.9810.
Cancellation of the growth of quotations of the pair will be the breakdown of the lower border of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the 0.9845 area. This will indicate a change in the upward trend in favor of the downward trend and the continuation of the fall. The USD/CHF pair is expected to accelerate growth with the breakdown of the resistance area and closing above the level of 1.0125.
Dollar Franc forecast USD/CHF March 4 — 8, 2019 suggests an attempt to develop a correction to the level of 0.9935. Where can we expect a rebound and continued growth of the pair with a potential target near the level of 1.0255. A test of the support level will be in favor of the rise. Cancellation of the growth of the currency pair will be the fall and the breakdown of the area of 0.9845. In this case, we can expect a continuation of the decline of the pair.