| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The GBP/CHF exchange rate has been trading downwards within a descending channel since the middle of August.
From a theoretical point of view, it is likely that the currency pair could continue to decline within the predetermined channel in the medium term. Note that the pair would have to surpass the monthly S1 at 1.1596.
Meanwhile, note that the exchange rate is supported by the 55– and 100-period moving averages, as well the Fibo 23.60% in the 1.18— area. Thus, the rate could breach the given channel north and target the Fibo 38.20% at 1.2181.