Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Buy | Buy | Sell |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Neutral | Neutral | Neutral |
Alligator (13; 8; 5) | Buy | Buy | Sell |
SAR (0.02; 0.2) | Buy | Buy | Sell |
Aggregate | ⇗ | ⇗ | ⇘ |
The British Pound has been appreciating against the Swiss Franc since the beginning of January when the currency pair reversed from the support level formed by a combination of the monthly S1 and Fibonacci 0.00% retracement circa 1.2330.
Currently, the exchange rate is testing the upper boundary of the long-term descending channel located circa 1.2900. If given channel holds, a reversal south occurs in the nearest future. A possible downside target is the monthly PP at 1.2565.
Otherwise, a breakout from the channel occurs soon. It is likely that the rate targets the Fibonacci 50.00% retracement at 1.3091.