Divergence on USD/CHF

Divergence on USD/CHF

The last two weeks on the USD/CHF currency pair the bearish sentiment has been prevailing. Nevertheless, a technical correction is not ruled out in the near future. A sufficiently strong reversal formation of the price and MACD histogram divergence was formed in the trading instrument (H4 timeframe). The local resistance is the level of 0.96300. We recommend you to pay attention to this situation.

If the price fixes above the level of 0.96300, you need to look for entry points to the market to open long positions. The immediate goal of fixing profits is a round level of 0.97000. In the medium term, USD/CHF may reach 0.97650-0.98400. When following a position, it is better to use a trailing stop.

by JustForex, 2018.01.22

Este artículo representa una opinión personal y no debe interpretarse como un consejo de inversión, y/u oferta, y/o una petición persistente para llevar a cabo transacciones financieras, y/o una garantía, y/o un pronóstico de eventos futuros.

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