Currency pair US Dollar to Swiss Franc USD/CHF completes the trading week near the level of 0.9898. The pair continues to trade inside the Ichimoku Kinko Hyo Cloud.
This indicates the presence of a sideways 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 0.9970. Where should we expect an attempt to rebound and further fall of the pair with a goal near the level of 0.9725.
Dollar Franc forecast USD/CHF December 10 — 14, 2018
An additional signal in favor of the growth of the pair USD/CHF will be the test of the resistance level. And also test 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 1.0010.
Canceling the option of falling quotes of the pair will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above 1.0045. This will indicate a change in the side trend in favor of an upward trend and continued growth. Expect to accelerate the fall of the USD/CHF quotes with the breakdown of the lower boundary of the indicator cloud and closing below 0.9785.
Dollar Franc forecast USD/CHF December 10 — 14, 2018 suggests an attempt to develop a correction to the level of 0.9970. Where can we expect a rebound and the continuation of the fall of the pair with a potential target near the level of 0.9725. In favor of reducing the test will perform the lower boundary of the rising channel. The cancellation of the option to reduce the currency pair will be the breakdown of the area of 1.0045. In this case, we can expect continued growth of the pair.