| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
The Swiss Franc has been edging higher in an ascending channel pattern against the Japanese Yen since December 1. The CHF/JPY currency pair has surged by 2.64% during this period.
Currently, the exchange rate is trading near the lower line of the channel pattern and could be set for a breakout.
If the breakout occurs, a decline towards the 200– period simple moving average at 115.42 could be expected during the following trading sessions.
However, if the ascending channel holds, bullish traders are likely to continue to pressure the currency exchange rate higher during next week's trading sessions.