| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇒ |
[ANNOUNCE]The Swiss Franc has edged higher by 1.18% against the Japanese Yen since April 1. The currency pair revealed a narrow ascending channel pattern during this week's trading sessions.[/ANNOUNCE]
As for the near future, the exchange rate could continue to surge in the narrow ascending channel. The potential target for the CHF/JPY pair will be near the 119.00 level.
However, the weekly R2 at 118.36 could provide resistance for the currency exchange rate in the shorter term.