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.