Currency pair US Dollar to Swiss Franc USD/CHF completes the trading week near the level of 0.9998. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud.
This indicates the presence of an upward trend for the dollar franc pair. The current trading week is expected to test the area of signal lines Ichimoku Kinko Hyo near the level of 0.9925. Where should we expect an attempt to rebound and further growth of the pair with a target near the level of 1.0265.
Dollar Franc forecast USD/CHF November 19 — 23, 2018
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 lower boundary of the rising channel. Earlier, a weak signal was received for BUY the Dollar Franc pair, due to the intersection of signal lines at the level of 0.9710.
Cancellation of the growth of quotations of the pair will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the 0.9780 area. This will indicate a change in the upward trend in favor of the bearish trend and the continuation of the fall. Expect acceleration of growth of the USD/CHF quotes is with the breakdown of the resistance area and closing above the level of 1.0135.
Dollar Franc forecast USD/CHF November 19 — 23, 2018 suggests an attempt to develop a correction to the level of 0.9925. Where can we expect a rebound and continued growth of the pair with a potential target near the level of 1.0265. In favor of growth will test the upper limit of the downward channel. The cancellation of the growth of the currency pair will be the breakdown of the 0.9780 area. In this case, we should expect the continuation of the fall of the pair.