USD/CHF has a nice positive divergence on its monthly chart, along with a possible signal line cross. This is meaningful on a monthly chart. The signal wont be confirmed until month end. Stay tuned!
It seems USD/CHF and EUR/USD are very closely inter-correlated (negatively). Are there any particular reasons for someone better to trade USD/CHF rather than EUR/USD?
I don't like to short, and my best risk reward is to trade the dollar long, USD/CHF almost mirrors the dollar future index. Always looking to get long on something that has been falling for many years. The dollar fits that bill.
The last monthly divergence I could find in USD/CHF was in 1987-1988, the price then, was were it is now 12700-13000 range.
the dollar failed to close above its 10 period average and closed rather poorly. You are buying on that MACD cross and divergence alone? Actually i am rather bullish for the dollar too, and divergence is significant, it also signaled the top in 2002 . But I need more than a MACD signal. I am not sure it makes any difference going long Swissie or shorting Euro though, I like the long side better too in general but in currencies long and short side are not as different as in stocks.