Currency pair USD/CHF US Dollar to Swiss Franc is trading at 0.9944 and continues to move in line with the decline. 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 USD/CHF forecast Dollar Franc November 23, 2018, the test of the Ichimoku Kinko Hyo signal lines is expected to be near the level of 0.9990. Where should we expect an attempt to rebound and continue to reduce the pair with a potential target near the level of 0.9835.
USD/CHF forecast Dollar Franc November 23, 2018
An additional signal in favor of the fall of the pair USD/CHF will be a rebound from the resistance area. And also test the upper limit of the downward channel. Earlier, a weak signal was received for SELL the Dollar/Franc pair. The signal was formed due to the intersection of signal lines at the level of 1.0075.
Canceling the option of reducing the quotations of the pair USD/CHF will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the 1.0025 area. This option will indicate a change in the downward trend in favor of the upward trend and continued growth of the pair. USD/CHF quotes are expected to accelerate with the breakdown of the support area and closing below 0.9905.
USD/CHF forecast Dollar Franc November 23, 2018 involves an attempt to test the resistance level near the area of 0.9990. Where can we expect the continuation of the fall of the currency pair with a potential target near the level of 0.9835. Cancel the option to reduce the pair will breakdown area 1.0025. This will indicate a continued appreciation of the US dollar against the Swiss Franc.