| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇒ |
The British Pound has been trading downwards against the Swiss Krone within a falling wedge pattern since the end of April.
From a theoretical point of view, it is likely that the GBP/CHF exchange rate could continue to trade within the given pattern until the middle of June. Then, a breakout north could follow.
Meanwhile, note the currency pair is pressured by the 55-, 100– and 200-hour moving averages. Thus, a breakout south could occur within the following trading sessions, and the pair could re-test the psychological level at 1.1200.