Indicator | 1H | 4H | 1D |
MACD (12; 26; 9) | Sell | Sell | Buy |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3; 3) | Sell | Sell | Sell |
Alligator (13; 8; 5) | Sell | Sell | Buy |
SAR (0.02; 0.2) | Buy | Buy | Buy |
Aggregate | ⇘ | ⇘ | ⇗ |
AUD/CHF is trading in two patterns simultaneously, namely, a symmetrical triangle and a more recent channel down. The Aussie is moving closer to the right end of the latter, suggesting that a breakout, supposedly to the upside, may occur within this week. The former pattern, on the other hand, has formed from the last wave down from the upper triangle boundary. The pair is restricted from the upside by the 55-, 100– and 200-hour SMAs in the 7.7995/7.9999 area that are likely to restrict the rate for the upcoming hours. The base scenario favours the rate bouncing off the lower triangle boundary near the 7.7983 mark and moving towards 7.8007. In case the former is breached, the US Dollar is expected to follow the channel down pattern.