Indicator | 4H | 1D | 1W |
---|---|---|---|
MACD(12;26;9) | Sell | Sell | Sell |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Sell | Neutral | Neutral |
Alligator(13;8;5) | Neutral | Neutral | Sell |
SAR(0.02;0.2) | Buy | Buy | Buy |
Aggregate | ⇒ | ⇒ | ⇒ |
The EUR/CHF currency pair has appreciated by about 1.13% in value since the beginning of October. The exchange rate breached both the 50-, 100– and 200– hour SMAs during this period.
As for the near future, the Euro will likely continue to edge up against the Swiss Franc. A potential breakout through the upper line of a four-month descending channel could occur.
If the breakout occurs, the currency exchange rate might enter a bullish market in the longer term.
However, the pair would have to surpass the resistance cluster at 1.0995 before it enters the bullish trend.