Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Buy | Sell | Sell |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Neutral | Neutral | Neutral |
Alligator (13; 8; 5) | Buy | Sell | Sell |
SAR (0.02; 0.2) | Sell | Buy | Sell |
Aggregate | ⇒ | ⇘ | ⇒ |
The Swiss Franc has been appreciating gradually against the Japanese Yen since the exchange rate reversed from the support level at 108.74 at the beginning of January.
As apparent on the chart, the currency pair is testing the monthly S1 located at the 110.48 mark. If given resistance does not hold, it is likely that the pair continues to go upside. A possible target is the monthly PP located at 112.56.
If the monthly S1 does not hold, it is expected that the pair re-tests given support level within following sessions.