EUR/CHF 4H Chart: Bearish sentiment likely to continue - Trade Pattern Ideas - Dukascopy Bank
Fri, 23 Nov 2018 07:17:33 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD (12; 26; 9)
Sell
Sell
Sell
RSI (14)
Neutral
Neutral
Neutral
Stochastic (5; 3)
Neutral
Neutral
Neutral
Alligator (13; 8; 5)
Sell
Sell
Sell
SAR (0.02; 0.2)
Buy
Sell
Sell
Aggregate
⇒
⇒
⇘
The common European currency is trading in several channels patterns against the Swiss Franc. The most important of the pattern is the two-month ascending channel formed on September 12.
During the past week, the price level has surpassed the three SMAs and has reached the lower boundary of the two months ascending channel pattern at 1.1298.
Given that the 50-, 100-, and 200-hour simple moving averages are above the current price level, this could suggest that the decline of the EUR/CHF currency exchange rate will continue during the following trading sessions.
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