| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Buy |
| Alligator(13;8;5) | Buy | Sell | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇑ |
Since the end of December, the EUR/CHF exchange rate has been trading within a descending channel.
From a theoretical point of view, it is likely that the currency pair could continue to decline within the given channel in the nearest future. The pair could reach the lower boundary of a long-term rising wedge pattern located in the 1.0720 area.
If the predetermined pattern holds, the exchange rate could bounce off and target the upper pattern line located circa 1.0900. Otherwise, the rate could continue to decline within the given channel.