| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Buy |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇒ |
The USD/CNH currency pair has been trading sideways within a symmetrical triangle pattern since the beginning of June.
On the one hand, it is likely that the exchange rate could gain support from the 55-, 100– and 200-hour moving averages and breach the given pattern north. In this case the rate could re-test the psychological level at 7.2000.
On the other hand, it is likely that some downside potential could prevail in the market, and the currency pair could decline to the Fibonacci 23.60% retracement at 6.9733.