Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Buy | Sell | Sell |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Sell | Sell | Sell |
Alligator (13; 8; 5) | Neutral | Sell | Sell |
SAR (0.02; 0.2) | Sell | Buy | Sell |
Aggregate | ⇒ | ⇘ | ⇘ |
After hitting a new bottom level against the Swiss Franc the Buck formed a channel up pattern and began to regain lost ground. However, that seems to be near its end. A long term down trend line has been reached by the channel up pattern. The trend line has already held its line against three attempts of the Greenback to surge against the Swiss currency. As a result of the recent fluctuations, a triangle pattern can be clearly observed. The clues for the direction of the eventual breakout need to be looked for in the SWFX market sentiment. The pair is closer to the overbought side, as 61% of open positions are long. However, there is still room for a surge, which means that another attempt at the trend line might occur.