Currency pair US Dollar to Swiss Franc USD/CHF completes the trading week near the level of 0.9959. 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. In the current trading week, a test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 0.9825, from which one can expect an attempt to rebound and further growth of the pair with a target near the level of 1.0140.
Dollar Franc forecast USD/CHF October 22 — 26, 2018
An additional signal in favor of the growth of the pair USD/CHF will be the test of the upper limit of the downward channel, as well as a rebound from the support level. Earlier, a weak signal was received for buy of 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 the 0.9670 area, which will indicate 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 is with the breakdown of the resistance area and closing above the level of 0.9990.
Dollar Franc forecast USD/CHF October 22 — 26, 2018 suggests an attempt to develop a correction to the level of 0.9825, where a rebound can be expected and the pair will continue to grow with the potential target near the level of 1.0140, the test of the upper limit of the downward channel will be in favor, the option canceled the growth of the currency pair will be a breakdown of the area of 0.9670, in this case we should expect the pair to continue to fall.