| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
The US Dollar has declined by 2.29% against the Swiss Franc since the beginning of December. The currency pair was pressured lower by the 50– period simple moving average.
Currently, the exchange rate is trading near the lower line of a descending channel pattern and could be set for a breakout.
If the breakout occurs, a decline towards the 0.8700 level could be expected during the following trading sessions.
However, if the channel pattern holds, bullish traders could drive the currency exchange rate higher towards the 100– hour SMA at 0.8981 within this week's trading sessions.