| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Buy |
| Stochastic(5;3;3) | Buy | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇒ | ⇒ |
The EUR/CHF currency pair has been trading in a horizontal line since August 14. The pair, however, breached the 50– and 100– hour SMAs during last week's trading sessions.
As for the near future, the common European currency will most likely continue to maintain the descending channel pattern. The potential target for the pair will be near the lower boundary of the channel pattern at 1.0796.
Although, a support cluster formed by the monthly S2 and the weekly S1 near the 1.0830 area might provide support for the currency exchange rate in the short-term.