Divergence on USD/CHF

Divergence on USD/CHF

Last week, the USD/CHF currency pair held the key offer zone of 0.95300-0.95650, which caused the bearish sentiment. The trading instrument has the potential for further correction. At the moment, a classic reversal formation of technical analysis, the price and MACD histogram divergence, has been formed (H4 timeframe). The USD/CHF quotes are testing the "mirror" support of 0.94500. We recommend you to pay attention to this situation.

If the price fixes below the 0.94500 mark, you need to look for entry points to the market to open short positions. The immediate goal of fixing profits is the round level of 0.94000. In the medium term, the USD/CHF currency pair may reach the level of 0.93600-0.93000. When tracking the position, we recommend using a trailing stop.

by JustForex, 2018.03.26

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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