Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Sell | Sell | Buy |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Neutral | Neutral | Neutral |
Alligator (13; 8; 5) | Sell | Sell | Buy |
SAR (0.02; 0.2) | Sell | Sell | Sell |
Aggregate | ⇘ | ⇘ | ⇒ |
The bearish momentum which has been dominating the USD/CHF currency pair since the middle of November has guided the US Dollar toward the lower boundary of a medium-term ascending channel pattern at 0.9800.
The exchange rate is stranded between the weekly pivot point at 0.9866 and the 50.00% Fibonacci retracement level at 0.9835 during the morning hours of Monday's trading session.
Technical indicators demonstrate that the USD/CHF currency exchange rate will continue its decline during the following trading session. The pair could aim for a re-tests pf the monthly S2 at 0.9789.