| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Sell | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇘ | ⇗ | ⇘ |
The British Pound has been extending gains against the Swiss Franc since the beginning of September. This movement has been bounded in the ascending channel.
As apparent on the chart, the GBP/CHF currency pair is trading near the lower channel line at 1.2320. From a theoretical perspective, it is likely that the pair could appreciate in the short term, as it has to reach the upper channel line located in the 1.2550/1.2650 range. If the given channel holds, the general direction is expected to remain north in the medium term.
However, note that the exchange rate has to surpass the weekly R1 and the Fibonacci 38.20% retracement, located at 1.2462 and 1.2525 respectively. If the given levels hold, a reversal south could occur, and the rate could breach the given channel south.