USD/CHF 4H Chart: Continued to trade South

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

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

The US Dollar has continued to trade in the same direction against the Swiss Franc since late December 2017.

The most dominant channel's support has been moved lower. Secondly, a medium-term pattern has been mapped. In addition, the medium term channel continued to move south after testing weekly pivot point level at 0.961.

Regarding the short-term future, the medium term channel is likely to be narrower until it breaches the dominant channel and finds support at 0.947.

Meanwhile, technical indicators are still in favor of a fall because the 55 – hour, 100 – hour and 200 – hour SMAs are located above the exchange rate.

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