| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Sell | Sell | Neutral |
| Stochastic(5;3;3) | Sell | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
The USD/CHF currency pair has been trading upwards since the end of March after it reversed from the Fibonacci 61.80% retracement at 0.9881.
Currently, the pair is trading at the weekly R1 at 1.0127. Given that the exchange rate is supported by the 55-, 100– and 200-hour SMAs, currently located in the 1.0035/1.0087 range, it is expected, that bulls prevail in the market. A possible upside target is the upper boundary of the rising wedge pattern located circa 1.0250.
However, the rate has to surpass the resistance level formed by the monthly R2 at 1.0221. If the given resistance holds, it is likely, that a reversal south occurs.