GBP/CHF 4H Chart: Potential decline

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

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

[ANNOUNCE]The British Pound began to appreciate against the Swiss Franc after reaching the lower boundary of a long-term descending channel at 1.2400. this surge started early September and had since reached near July swing high of 1.3229.[/ANNOUNCE]

Currently, the exchange rate is trading near the bottom border of a one-month ascending channel pattern at 1.2810 and could be set for a breakout. 

Furthermore, given that the three SMAs is above the price level, and the 200-hour simple moving average is providing resistance for the currency pair at 1.2841, the GBP/CHF currency exchange rate is likely to aim at the monthly support level at 1.2692 during the following trading sessions.

Actual Topics