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) Buy Neutral Neutral
Stochastic (5; 3) Neutral Sell Sell
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

The previous forecast for the USD/CHF came into reality just as expected. The pair found minor support in the weekly S1 only to decline further below. Afterwards the buck declined down to the support line of the dominant pattern, which is strengthened by the monthly S1 at the 0.9420 mark. 

In accordance with the pattern a surge is set to occur. However, the previous support levels are set to provide resistance to the US Dollar in its rebound against the Swiss Franc.  

Meanwhile, fundamental events might force a break of the dominant pattern.

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