| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Buy |
| Stochastic(5;3;3) | Sell | Neutral | Buy |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇒ |
The GBP/CHF exchange rate has been trading downwards since the end of February. The rate re-tested the descending trend line at 1.1145.
It is likely that the currency pair could gain support from the 55-, 100– and 200-hour SMAs located near 1.1500. Thus, some upside potential could prevail in the market, and the pair could target the monthly R1 at 1.2692.
Note that the exchange rate would have to surpass the monthly S2 at 1.2019. If the given level holds, it is likely that a reversal south could occur, and the rate could continue to trade downwards.