Indicator | 4H | 1D | 1W |
---|---|---|---|
MACD(12;26;9) | Sell | Sell | Buy |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Neutral | Neutral | Neutral |
Alligator(13;8;5) | Sell | Sell | Buy |
SAR(0.02;0.2) | Sell | Sell | Sell |
Aggregate | ⇘ | ⇘ | ⇒ |
The Swiss Franc has been trending downward against the Japanese Yen since February 21. This movement has been bounded within a descending channel pattern.
From a theoretical point of view, a breakout through the lower boundary of the descending channel pattern is likely to occur during next week's trading sessions. In this situation, the CHF/JPY exchange rate could target the psychological level at the 109.00 marks.
However, given that the currency exchange rate is currently trading near the upper border of the channel pattern, a breakout north could occur within this session.