| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Neutral |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇒ |
The USD/CNH exchange rate has been trading within a falling wedge pattern since the end of May.
From a theoretical perspective, it is likely that the currency pair could continue to trade within the given pattern until the end of July. Then, a breakout north could occur, and the pair could raise to the 7.1000 mark.
Meanwhile, note that the exchange rate is pressured by the 55-, 100– and 200-hour SMAs in the 6.9950 area. Thus, it is likely that a breakout south from the pattern could occur in the nearest future.