06 Oct 2020
USD/CHF 4H Chart: Decline likely to continue
Indicator4H1D1W MACD(12;26;9)SellBuySell RSI(14)BuyNeutralNeutral Stochastic(5;3;3)BuyBuyNeutral Alligator(13;8;5)SellBuySell SAR(0.02;0.2)SellSellBuy Aggregate⇒⇗⇒ [ANNOUNCE]The US Dollar has declined by 148 pips or 1.59% against the Swiss Franc since last week's trading sessions. The currency pair breached the 50– and 100– period SMAs during this period.[/ANNOUNCE]Currently, the exchange rate is trading near the lower boundary of an ascending channel pattern at 0.9142.If the channel pattern holds, bullish traders