Dollar Franc forecast USD/CHF on February 7, 2018

7 February 2018, 06:50
Jatin Patel
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Currency pair USD/CHF US Dollar to Swiss Franc is trading at 0.9330. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Dollar/Franc pair. Ichimoku Kinko Hyo Cloud is expected to test near the 0.9340 level, from which it is expected to attempt a rebound and continue falling of the pair with the target near the level of 0.9165. An additional signal in favor of the fall of the pair is the upper bound of the «Triangle» model.

Dollar Franc forecast USD/CHF on February 7, 2018


Earlier, a weak signal was received for the buy of the Dollar/Franc pair, due to the crossing of the signal lines at the level of 0.9315. The cancellation of the fall of the pair’s quotations will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of ​​0.9500, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of USD/CHF quotes falling with the breakdown of the lower bound of the «Triangle» model and the closing below the level of 0.9255.


SUMMARY : SELL USD/CHF

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