USD/CHF 4H Chart: Channel Up

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

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

The USD/CHF still remains one of the easiest to forecast currency pairs, as it move sin accordance with technical patterns, which are consistent with the easy to predict political global and US domestic events. 

Most recently , as it was expected, the upper trend line of the medium term descending channel was broken. As a result of that the pair reached for the next resistance level, which is located just below the 0.97 mark. In addition at 0.97 the 50.00% Fibonacci retracement level is located at.

All in all, the recent surge has occurred in a narrow channel up pattern, which is aimed at still vaguely confirmed medium scale channel up patterns upper trend line. However, it is not likely to be reached soon due to the mentioned resistance levels near 0.97.

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