Dollar Franc insight USDCHF for November 15, 2017
US Dollar is trading at 0.9947 against the Swiss Franc at 10:40 GMT
Switzerland’s producer and import prices advanced on a monthly basis in October.
Earlier, a weak signal was received for the SELL of the Dollar/Franc
Trade with care! There is Projection are calling for a Drop for the USDCHF Price
CURRENCY TRADERS Dollar Franc insight Currency pair USD/CHF US Dollar to Swiss Franc is trading at 0.9958. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a downward trend in the Dollar/Franc pair. Ichimoku Kinko Hyo Cloud near the level of 0.9970 is expected to be tested, from which one should expect a rebound attempt and continue the development of the bearish trend with the aim of falling near the level of 0.9840.
Earlier, a weak signal was received for the sale of the Dollar/Franc pair, due to the crossing of the signal lines at the level of 0.9970. 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 quotations above the area of 1.0010, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in USD/CHF quotations with a breakdown of 0.9910.
The US Dollar is trading at 0.9947 against the Swiss Franc at 10:40 GMT this morning, 0.17% lower from the New York close. Earlier in the session, data indicated that Switzerland’s producer and import prices advanced on a monthly basis in October. The pair traded at a high of 0.9971 and a low of 0.9940 this morning. Yesterday, the USD traded 0.23% higher against the CHF in the New York session and ended at 0.9964. The pair is expected to its find support at 0.9930 and its first resistance at 0.9970.
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A few currencies, like cryptocurrencies, Bitcoin, Dogecoin and other online currencies and branded currencies are not tied to any usa. Branded currencies, like airline and credit card points, or in-recreation credit are valued on the subject of the price of the products or offerings they’re tied to. Manipulate over virtual currencies is totally decentralized, and the exchange price of a virtual foreign money can vary extensively in a quick time frame.
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