GBP/CHF 1H Chart: Short-term decline expected

Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Buy Neutral
Stochastic (5; 3) Neutral Neutral Buy
Alligator (13; 8; 5) Neutral Sell Sell
SAR (0.02; 0.2) Sell Buy Sell
Aggregate

The GBP/CHF exchange rate has been moving north since the middle of August when it reversed from 2018 low at the 1.2595 mark.  

By the time of this analysis, the rate had reached the lower boundary of a short-term ascending channel near 1.2650. It is very likely that a downside momentum starts prevailing within the nearest future as the 55- and 100-period SMAs (4H) push the rate down. 

It is the unlikely case that some bullish pressure still prevails in the market, the Pound should not exceed the monthly S1 at the 1.2758 mark.

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