As of October 30th, 2018 at 1107 CST, the USDCHF pair is trading near 2018 highs and looking to break those highs or create newer highs. However, this is difficult for the USDCHF pair to pull off. There is a Bearish Shark pattern that the USDCHF pair is trading against and the present value area is trading within the upper and lower bounds of the D line. Additionally, there is clear and extended bearish divergence between the RSI and the Composite Index.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.