Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Buy | Buy | Buy |
RSI (14) | Neutral | Neutral | Sell |
Stochastic (5; 3) | Sell | Sell | Sell |
Alligator (13; 8; 5) | Buy | Buy | Buy |
SAR (0.02; 0.2) | Sell | Buy | Buy |
Aggregate | ⇒ | ⇒ | ⇒ |
The common European currency has been in the spotlight recently, as the currency has reached long unobserved high levels. This event can also be observed on the EUR/CHF rate's charts.
During the surge the pair broke previously mapped channels, extending the gains more than it was expected and pressing for a full review of the pair.
In general the rate has hit a combined resistance of two long term ascending channel patterns and began a decline.
The decline has taken the form of a narrow channel down pattern, which is set to encounter a lot of support, which means that the fall of the Euro against the Franc might soon end.