Currency pair US Dollar to Swiss Franc USD/CHF completes the trading week near the level of 1.0027. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of an upward trend in the dollar franc pair. The current trading week is expected to test the area of the signal lines of Ichimoku Kinko Hyo near the level of 0.9950, from which we can expect an attempt to rebound and further growth of the pair with a target near the level of 1.0210.
Dollar Franc forecast USD/CHF November 5 — 9, 2018
An additional signal in favor of the growth of the pair USD/CHF will be the test of the support level. Earlier, a weak signal was received for BUY the Dollar/Franc pair, due to the crossing 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 quotations below 0.9755, indicating a change in the upward trend in favor of the downward trend and the continuation of the fall. Expect acceleration of growth of the USD/CHF quotes with the breakdown of the resistance area and closing above the level of 1.0110.
Dollar Franc forecast USD/CHF November 5 — 9, 2018 suggests an attempt to develop a correction to the level of 0.9950, from which a rebound can be expected and the pair will continue to grow with a potential target near the level of 1.0210. the option of growth of the currency pair will be a breakdown of the area of 0.9755, in this case we should expect the pair to continue to fall.