| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Sell | Sell | Sell |
| Stochastic (5; 3) | Sell | Neutral | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
The US Dollar has gained 7.10% against the Chinese Yuan since mid-June. This up-move has been stranded in a senior channel. The pair reversed from its bottom boundary two weeks ago and is gradually moving towards the other boundary located near 6.95.
The US Dollar failed to surpass a trend-line near 6.85. This might indicate to a possible decline, as this strong upward momentum is unlikely to be sustainable for any longer. This bearish assumption is likewise confirmed by technical indicators converging with the price on the 4H and 1D time-frames.
If the 55– and 100-hour SMAs at 6.80 are breached, the next target is the senior channel and the 200-hour SMA at 6.75, while a possible target for the following two weeks is the monthly PP at 6.55. There might still be some slight appreciation within the following two days until the bearish pressure takes over the pair.