| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Buy |
| RSI (14) | Neutral | Neutral | Sell |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Sell | Buy | Buy |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The British Pound is advancing against the Hong Kong Dollar in a supposed medium-term ascending channel.
Formation of the presumed pattern began in the end of July, which means that by now it consists of two reaction highs and one reaction low.
However, a number of indicators suggest that the second reaction low might appear in the nearest future.
On the one hand, the rate is moving in a junior descending channel and faces pressure from the monthly R1 and the weekly PP.
But on the other hand, the pair is approaching the 200-hour SMA, which is moving precisely along the lower line of the senior formation. If the above assumption is true, these two indicators should create a support strong enough to force the rate to make a rebound.