GBP/CHF 1D Chart: Heads towards 55-day SMA

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

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

The British Pound is simultaneously fluctuating against the Swiss Franc in three different patterns. 

The largest ascending channel started to form a year ago and nowadays consists of three reaction highs and two reaction lows.  

The medium ascending channel represents a fragment of the dominant formation and is lying along the rising 55-, 100- and 200-day SMAs. 

Accordingly, the third ascending channel began to form within the secondary pattern. As the currency rate has recently made a rebound, the Sterling is expected to enter into the new depreciation phase. 

In this sense, combined support set up by the 55-day SMA as well as the bottom boundaries of two secondary might temporarily withhold the pair above the 1.30 mark. But eventually the new medium-term downtrend is expected to prevail.

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