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Forex Strategy

USD / CHF Forecast Dollar Franc on 04/08/2021


USD / CHF Forecast Dollar Franc on 04/08/2021

To date, the indicator of the dollar to franc rate is moving within the corrective increase, it is at the level of 0.9272. Movements are being made that exceed the cloud of the technical indicator Ichimoku and indicate that the bulls have the advantage now.

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On tomorrow, April 8, 2021, the bullish trend will have an advantage on the USD / CHF rate, this will be confirmed by testing near the level of 0.9135, after which it will remain in the uptrend. Forecasting price marks for the rate, which will be directed to the level of 0.8765, will follow from this level.

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 0.9225, one should notice a further rise in the upward direction, which will follow to the level of 0.9625.

However, one should not exclude the possibility of a downward trend in the quotes of the price level of the US Dollar against the Franc, the consequence of which will be the advantage of the “bears”. Also, in the future, a change in the price level will be expected with a decrease to the level of 0.9135. In the future, we should expect the fixation of the downward direction, after which the growth of quotations will follow near the level of 0.8765.

usd chf
usd chf

It should be noted that on tomorrow, April 8, 2021, the USD / CHF quotes will be tested at 0.9225, as a result of which the bulls will have the advantage. Further, the price level will develop in an upward direction and follow to the level of 0.9625, which will be confirmed by the test of the support area. However, one should not forget the likelihood of a downward trend on the next day, as a result, the rate of the American Dollar to the Franc will break through the 0.9135 mark. This time the bears will have the advantage and the price level will go to the 0.8765 mark.

Moris Akline
About author

Speculative operations in the foreign exchange and stock market. Work with futures and indices on CME. Work on FORTS and RTS. Development of portfolios and investment strategies for clients. Knowledge of technical (price charts of various types, indicators and oscillators, trends, channels, support / resistance levels) and fundamental analysis, take note of news. I work according to my trading strategy in compliance with the rules of capital management and risk management. Development of trust management strategies. Technique of order execution, placing and changing protective stop-losses, hedging.
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