Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Buy | Sell | Sell |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Neutral | Neutral | Neutral |
Alligator (13; 8; 5) | Buy | Neutral | Sell |
SAR (0.02; 0.2) | Buy | Sell | Sell |
Aggregate | ⇗ | ⇘ | ⇘ |
The AUD/CHF currency pair has been trading in a triangle-like formation since early June. Its upper boundary of a downtrend line was formed on June 7 while the bottom border was formed on July 3.
The exchange rate has been moving within a range of 0.7581/0.7245 which is approximately 337 pips since the beginning of the year.
Technical indicators flash strong by signals on the four-hour time frame. However, since the currency exchange rate is stranded between resistance and support levels set by the monthly pivot point above and the 55-, 100-, and 200-hour SMAs below, the upside movement might not prevail today.