Currency pair USD/CHF Dollar Franc completes trading week near the level of 0.9399. At this point, we should expect an attempt to test the upper limit of the descending channel near the level of 0.9450 and continue the fall of the pair with a target below 0.9120.
USD/CHF weekly forecast on February 12 — 16, 2018
In favor of the fall of the pair Dollar/Franc will perform a trend line test on the indicator of relative strength index (RIS). The cancellation of the USD/CHF decline option will result in a strong growth and breakdown of the area of 0.9540, which will indicate the outflow of quotes outside the channel and the continued growth of the pair on Forex.
USD/CHF weekly forecast on February 12 — 16, 2018 suggests an attempt to test the upper boundary of the bearish channel near the area of 0.9450 and the continuation of the fall of USD/CHF to the area below the level of 0.9120, in favor of the fall, the trend line test will be performed on the indicator of relative strength index (RSI), USD/CHF will be a breakdown of the upper border of the channel, which will indicate continued growth.
SIGNAL : SELL