USD / CHF Forecast Dollar Franc on 01/22/2021
At the moment, the indicator of the Dollar Franc rate is making corrective movements, it is at the level of 0.8866. Movements are being made that exceed the cloud of the technical indicator Ichimoku and indicate that the bulls have the advantage now.
On tomorrow, January 22, 2021, the bullish trend will have an advantage on the USD / CHF rate, this will be confirmed by testing near the level of 0.8815, after which it will remain with an upward trend. From this level, forecasting of price marks for the rate will follow, which will be directed to the level of 0.9165.
Testing of such an upward trend will be testing of the support area, which will be complemented by a change in the direction of prices from the lower line of the ascending channel. When passing through the resistance area, as well as when the price changes exceeding the level of 0.8815, one should notice a subsequent rise in the increasing direction, which will follow to the level of 0.9165.
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However, one should not exclude the likelihood of a downward trend in the quotes of the dollar-franc exchange rate, which will result in the bears’ advantage. Also, in the future, a change in the price level will be expected when it drops to 0.8725. In the future, we should expect the fixation of the downward direction and the drop in quotations will follow near the level of 0.8545.
Based on the above, it should be noted that tomorrow, January 22, 2021, the USD / CHF rate will test the level of 0.8815, after which the bulls will have the advantage. In the future, the rate quotes will increase and head to the 0.9165 mark, which will be tested by testing the support level. But do not forget the possibility of a downward trend for tomorrow, as a consequence of which the Dollar Franc rate will break the level of 0.8725. The bears will have the advantage and the quotes will go to the level of 0.8545.