CHF/JPY 4H Chart: Ascending channels holds

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

Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Buy Buy Neutral
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

The Swiss Franc has been constrained by a junior ascending channel against the Japanese Yen since the end of June. The bottom border of the junior channel was reached on June 28 and the currency pair has since maintained trading along the channel.  

During the past few days, the 55-hour simple moving average has guided the exchange rate higher towards the upper boundary of a dominant descending pattern.

Everything being equal, it is likely that the CHF/JPY currency exchange rate continue moving in the ascending channel until the dominant channel is breached. 

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