GBP/CHF 4H Chart: Restricted by 200-hour SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA

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 Neutral
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

The GBP/CHF currency pair has been guided by three months descending channel pattern. This channel was formed early April and have driven the rate lower toward the bottom border of a dominate ascending pattern.

Following a test of the southern boundary of the dominate ascending pattern on June 29, bulls are gradually introducing their dominance in the market. However, the 200-hour simple moving average is limiting the bulls from further gain.

Everything being equal, it is likely that the currency exchange rate strengthens during the following trading sessions. Nevertheless, the pair needs to surpass the aforementioned resistance level.  

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