| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇗ |
[ANNOUNCE] The US Dollar has been depreciating against the Swiss Franc since the middle of March when the exchange rate reversed south from the strong resistance level at 1.0120. [/ANNOUNCE]
Currently, the currency pair is trying to surpass the 200-hour SMA and the weekly PP at 0.9955. Given that the pair is being supported by the 55– and 100-hour SMAs, it is likely that some upside potential prevails in the market. It is expected that the pair re-tests the given resistance level.
Otherwise, it is expected that the rate targets the lower boundary of the rising wedge pattern located circa 0.9880. If the given pattern holds, a reversal north occurs within the following sessions.