Currency pair USD/CHF US Dollar to Swiss Franc is trading at 1.0011 and continues to move as part of its growth. The pair is trading above the upper limit of the Ichimoku Kinko Hyo Cloud, which indicates the presence of an upward trend for the Dollar Franc pair. As part of the USD/CHF forecast Dollar Franc October 31, 2018, the test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 0.9965, from which we can expect an attempt to rebound and continue to grow the pair with a potential target near the level of 1.0095.
USD/CHF forecast Dollar Franc October 31, 2018
An additional signal in favor of the growth of the pair US /CHF will be the test of the support area, as well as a rebound from the lower boundary of the upward channel. Earlier, a signal of average strength was received for BUY the Dollar/Franc pair, due to the crossing of signal lines at the level of 0.9910.
Cancellation of the growth of quotations of the pair USD/CHF will be the breakdown of the lower border of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 0.9910, which will indicate a change in the upward trend in favor of the downward trend and the continuation of the pair’s decline. Expect acceleration of growth of the USD/CHF quotes with the breakdown of the resistance area and closing above the level of 1.0025.
USD/CHF forecast Dollar Franc October 31, 2018 suggests an attempt to test the support level near 0.9965, from which one can expect continued growth of the currency pair with a potential target near 1.0095, a cancellation of 0.9910 will cancel the growth option of the pair, which will indicate a further decline.