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USDCHF

USDCHF Daily – yesterday the pair set the maximum of the Year

USDCHF – this is the third time this month when this pair attracts my attention. Previous analyzes have proved to be accurate, so let us look at the current situation if this time it is possible to deduce something about the future of this pair. On the D1 chart, we note that yesterday, (13/11), the price set the maximum of this year at 1.0126, which is also the beginning of the supply zone (blue), established in March 2017.

USDCHF H4 – there is a bearish divergence price/MACD

Analyzing the H4 chart, we will notice that the candle that set the maximum this year simultaneously caused the maximum on the MACD, which started bearish divergence (chart / MACD). It seems very likely that there will be drops towards channel support, which currently is around 1,000.

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