| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇘ |
Since the end of September, the GBP/CHF currency pair has been trading sideways within a symmetrical triangle pattern.
It is likely that the exchange rate could gain support from the 55-, 100– and 200-period moving averages in the 1.1830 area. Thus, the rate could breach the given pattern north in the nearest future and target the Fibo 38.20% at 1.2181.
On the other hand, the currency pair could face the resistance level—the monthly PP at 1.1910. Therefore, the pair could breach the predetermined pattern south and target the psychological level at 1.1600.