USD/CHF, Fri Mar/23/2018, MACD Analysis: -0.01% Fall in A Bullish-Trend

Figure-1 USD/CHF MACD (TF:D1, Fri Mar/23/2018 00:00:00)

An MACD (moving average convergence/divergence) analysis for USD/CHF is generated for candle close at Fri Mar/23/2018 00:00:00. The analysis computation and presentation method follow the MetaTrader version of MACD [1], and an MACD-Signal difference is added to complete the analysis with the price acceleration information (as presented by MACD histogram in other version [2]). The indicator chart is presented in the Figure 1, showing the price chart on the top, the MACD indicator bar and line in the middle, and the MACD-Signal difference histogram in the bottom.

Trend Direction Detection by MACD Polarity: A positive sign of MACD value is recorded by the indicator, and it is a prediction of an up-trend. The last market closing (Thu, Mar 22) shows -0.01% (-1.10 pips) fall in price from 0.94912 to 0.94901, but we should be aware that this characteristic is possible since MACD indicator works in moving averaging mode. With the last MACD cross is produced 9 trading days ago on 03/09/2018 and confirmed by the signal cross produced 4 trading days ago on 03/16/2018, disregarding the average price acceleration/decceleration, the bullish-trend is expected to keep its run.

MACD-Signal Difference as Price Acceleration Outline: This MACD derivative analysis is applicable if the MACD-Signal crossover is prefered as the trading signal. The price movement acceleration keeps its direction for 31 trading days since its crossing on 02/07/2018, and the long floating position should be hold until the next cross. The acceleration direction (indicated by the sign of the value) and the current trend indicated by the MACD level show that both acceleration and the trend get the same direction, so a strong bullish-trend is in the run.

REFERENCES

  1. MACD Technical Analysis, Technical analysis with MetaTrader version of MACD
  2. MACD Wikipedia, Various implementation of moving average convergence/divergence analysis

Presented Analysis
Data time: 2018-03-23 00:00:00
Optimization data:
Created time: 2018-03-23 00:00:04
Realtime: no
Private publish time: 2018-03-23 05:21:31
Analysis Model Summary
First created: 2018-02-21 13:22:52
First data: 2015-01-02 00:00:00
Historical data since: 2018-02-21 13:22:52
Realtime data since: 2018-02-22 00:00:00
Latest data: 2018-03-23 00:00:00