USD/CHF 4H Chart: Channel Up

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) Sell Sell Sell
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

The American Dollar is trading against the Swiss Franc in a two week long ascending channel. The pattern represents trend's reversal after a sharp depreciation of the Greenback in the last days of June. By the moment, the channel has two confirmation points from the top and practically two from the bottom. To put differently, in the early morning of today's trading session the pair has reached and bounced off from the channel's support line for the second time. Consequently, it is expected to continue the surge and try to reach the weekly R1 at 0.9696, which coincides with the upper trend-line. But before that the rate has to bypass a combined resistance level formed by the weekly and monthly PP at 0.9636 and 0.9638. If in the next couple of hours the buck will manage to break through it, the channel will sustain for another two-three days. Otherwise, it might be broken already today.

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