| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Buy |
| Stochastic(5;3;3) | Buy | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
The EUR/CHF currency pair has been trading within a descending channel since the beginning of March.
From a theoretical point of view, it is likely that the exchange rate could continue trade within the given channel in the medium term. In this case the rate could decline below the 1.0400 level at the beginning of June.
However, note that the rate could reach the lower boundary of the long-term descending channel near 1.0440 at the beginning of May. If the senior channel holds, it is likely that a reversal north could occur, and the pair could target the monthly PP at 1.0614.