| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
The GBP/CHF exchange rate has been trading downwards since the beginning of May after it reversed south from the upper boundary of the long-term descending channel at 1.3355.
From a theoretical perspective, some downside could continue to prevail in the market in the short term, as the rate should reach the lower channel line located in the 1.2000/1.2200 range. However, note, that the currency pair has to surpass the Fibonacci 0.00% retracement at 1.2324.
If the given channel holds, a reversal north could occur, Otherwise, the pair could maintain its decline.