GBP/CHF 4H Chart: Junior ascending channel prevailed

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3) Sell Sell Sell
Alligator (13; 8; 5) Sell Buy Buy
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

After reaching the lower boundary of a dominant channel on March 1, the Pound Sterling began to appreciate substantially against the Swiss Franc. As a result, the pair reached a four-month high.

A combination of the  55-, 100-, and the 200– hour SMAs has guided the currency pair higher after a crossed over on March 14. However, a resistance cluster set by the weekly pivot point and the 55—hour simple moving average has hindered any potential upside moves.

Everything being equal, a breakout is expected in either direction during the following trading sessions. Technical indicators suggest the breakout could occur through the lower boundary of a junior pattern in the short-term.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request)
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request).
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.