USD/CHF 4H Chart: Reveals New Pattern

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

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

The previous review of the US Dollar against the Swiss Franc stressed that the new medium term pattern, which was about to reveal itself, might also have an ascending angle. That turned out to be true, as the pattern has been revealed. 

The currency exchange rate is set to continue the surge in the medium term channel up pattern until it reaches the support of the dominant pattern. The dominant pattern is an ascending wedge.  

The wedge's support is set to meet the currency exchange rate in the second half of November above the 1.00 mark.

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