Currency pair USD/CHF US Dollar to Swiss Franc is trading at 1.0040 and continues to move as part of its growth. The pair is trading above the upper limit of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a bullish trend in the dollar/franc pair. As part of the Dollar Franc Forecast USD/CHF March 8, 2019. Ichimoku Kinko Hyo Cloud is expected to test near the 1.0020 level. Where should we expect an attempt to rebound and the continuation of the pair with a potential target near the level of 1.0135.
Dollar Franc Forecast USD/CHF March 8, 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 upper limit of the downward channel. Earlier, a weak signal was received for BUY the Dollar/Franc pair. The signal was formed due to the intersection of the signal lines at the level of 0.9975.
Cancellation of the growth of quotations of the pair USD/CHF will be the breakdown of the lower border of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 0.9965. 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 the USD/CHF quotes with the breakdown of the resistance area and closing above the level of 1.0065.
Dollar Franc Forecast USD/CHF March 8, 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 0.9965. This will indicate a continuation of the fall of the US Dollar against the Swiss Franc.