Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Sell | Buy | Buy |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Neutral | Neutral | Neutral |
Alligator(13;8;5) | Sell | Neutral | Buy |
SAR(0.02;0.2) | Sell | Sell | Buy |
Aggregate | ⇘ | ⇒ | ⇗ |
The US Dollar has been appreciating gradually against the Swiss Franc since the middle of January when the exchange rate reversed north from the upper boundary of the rising wedge pattern at 0.9738.
As apparent on the chart, the currency pair reversed south from the psychological level at 1.0100. Given that the pair is being pressured by the 55-, 100- n and 200-hour SMAs, it is likely that some downside potential occurs in the nearest future. Important support level to look out for is the Fibonacci 61.80% retracement 0.9881.
If given support holds, a reversal north occurs within following sessions. Otherwise, it is likely that the rate re-test the lower wedge line located circa 0.9825.