Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Buy | Buy | Sell |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Sell | Sell | Sell |
Alligator (13; 8; 5) | Buy | Buy | Neutral |
SAR (0.02; 0.2) | Buy | Buy | Buy |
Aggregate | ⇒ | ⇒ | ⇓ |
Another review of the highly demanded USD/CHF pair has been conducted. After rebounding form the massive scale support level, of the most dominant channel down pattern, the pair has formed a long term ascending wedge pattern.
One comment that has to be noted is that the wedge's upper trend line is in particular strong, as there have been many confirmations.
Most recently on a much smaller scale the pair has formed an ascending channel pattern, which represents the latest rebound in the borders of the wedge.
However, it is unlikely going to guide the rate to the upper trend line of the wedge. The channel is too narrow, compared to the historical volatility of the rate. Due to that reason a formation of a medium pattern is to be expected.