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

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

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