| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Buy | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇒ |
The Swiss Franc is concentrating against the Japanese Yen in a symmetrical triangle pattern that started to form in the middle of this weak.
Theoretically, a breakout from such type of figures might equally happen in both directions.
However, the fact that the 55-, 100- and 200-hour SMAs as well as the monthly R1 and the weekly PP are all located below the currency market price, suggests that the pair is likely to leave the pattern in the northern direction.
On the other hand, the upper resistance line perfectly matches with extremum of the last two years, which is located at the 118.61 level. The fact that they form a single slope indicates on existence of a long-term downtrend.
Accordingly, the pair might get a downside momentum that would be strong enough to push it through the all above-mentioned technical barriers.