Scanning through our charts we noticed a very clear and might I say “BLATANT” bullish divergence signal on the USD/CHF forex pair. The indicator we have below is a MACD with a histogram for added analysis.
From the chart you can see that although the USD/CHF pair looks to be in a free-fall, MACD has moved higher significantly. So what does this tell us about future direction? Well, at least that momentum is coming INTO the pair and you could catch this falling knife right at the bottom (or near it at least).
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