Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Buy | Buy | Sell |
RSI (14) | Sell | Neutral | Neutral |
Stochastic (5; 3) | Sell | Sell | Sell |
Alligator (13; 8; 5) | Buy | Buy | Sell |
SAR (0.02; 0.2) | Buy | Buy | Buy |
Aggregate | ⇒ | ⇒ | ⇘ |
The US Dollar has been constrained by an ascending channel against the Swiss Franc since mid-February. The USD/CHF exchange rate bounced off the lower boundary of a dominant channel on February 15 and has since surged against the Swiss Franc.
Technical indicators demonstrate that bulls should continue to take an upper hand in the market and thus send the Greenback for another surge. This situation should occur if the currency pair moves past the weekly R1 at 0.9611. However, it is important to note that a corrective move south is likely in the short term.
Furthermore, the combination of the 55-, 100-, and the 200– hour SMAs all favour bulls to become stronger during the following trading sessions.