| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
The GBP/CHF exchange rate has been trading within a falling wedge pattern since the middle of May.
From a theoretical point of view, it is likely that the currency pair could continue to decline within the given pattern until the beginning of August. Then, a breakout north could occur.
Meanwhile, note that the exchange rate could gain support from the 55-, 100– and 200-hour SMAs in the 1.1840. Thus, a breakout north could occur sooner, and the rate could target the Fibo 38.20% at 1.2181.