| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Buy | Sell | Buy |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇗ |
The Swiss Franc has surged by 219 pips or 1.93% against the Japanese Yen since September 28. The currency pair tested the 200– period simple moving average at 115.64 on October 6.
Currently, the exchange rate is trading near the upper line of a descending channel pattern and could be set for a breakout.
If the breakout occurs, a surge towards the 116.50 could be expected within this week's trading sessions.
However, if the channel pattern holds, the currency exchange rate might continue trending in the descending channel during the following trading sessions.