USD/CHF 4H Chart: Channel Down

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

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

The USD/CHF continues to trade exactly as forecasted by the Dukascopy Analytics team. Meanwhile, the recent developments have pressed for a review of the pair.

After the second rebound against the dominant channel down pattern's lower trend line the currency pair has reached the upper trend line of the junior channel down pattern. In accordance with the technical theory the pair is set to break the resistance of the monthly PP and the trend line at the 0.96 mark. 

Afterwards the rate should be slowed down by the 200-period SMA, as it surges up to the monthly R2 at 0.6993 and the 50.00% Fibonacci retracement level above the 0.97 mark.

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