| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
The US Dollar has surged by 1.45% against the Swiss Franc since May 1. However, the USD/CHF currency pair has been trading sideways since this week's trading sessions.
Currently, the exchange rate is testing the lower boundary of a dominant ascending channel pattern at 0.9701.
If the dominant channel holds, a surge towards the weekly R2 at 0.9801 could be expected during the following trading sessions.
Though, if the currency exchange rate breaks the dominant ascending channel, bearish traders could aim for the weekly S2 at 0.9620 in the nearest future.