| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ` |
The Swiss Franc has declined by 258 pips or 2.21% against the Japanese Yen during the last three weeks. The currency pair tested the lower boundary of a descending channel pattern at 113.67 on November 3.
All things being equal, the exchange rate is likely to continue to decline in the descending channel pattern during the following trading sessions. The potential target for bears would be at the 113.50 level.
However, given that the currency exchange rate is currently trading near the upper line of the channel pattern, a breakout might occur during this week's trading sessions.