| 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 | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
The Swiss Franc has been appreciating gradually against the Japanese Yen since the beginning of May, when the currency pair reversed north from the lower boundary of the falling wedge pattern at 107.80.
Currently, the pair is testing the resistance cluster formed by the 55-, 100– and 200-hour SMAs, as well the weekly and monthly PPs in the 108.48/108.86 range. From a theoretical perspective, it is likely, that the exchange rate could surpass the given resistance and continue to go up. A possible upside target is the upper pattern line located circa 110.00.
However, if the given resistance holds, some downside potential could prevail in the market in the short term, and the rate could re-test the lower wedge line.