Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Sell | Sell | Sell |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Neutral | Sell | Sell |
Alligator (13; 8; 5) | Sell | Sell | Sell |
SAR (0.02; 0.2) | Sell | Sell | Buy |
Aggregate | ⇒ | ⇒ | ⇘ |
The Buck recently fell below the support of the 61.80% Fibonacci retracement level located near the 0.9550 mark against the Swiss Franc. The passing of the retracement was long expected, as SMAs were pushing the rate lower.
In the near future the pair is set to decline down to the weekly S1, which is located at the 0.9493 mark. Afterwards the pair could go down to reconfirm a dominant pattern's support level near the 0.9420 mark. The support line is also supported by the monthly S1 at the just mentioned level.
Meanwhile, traders should take into account that the lower trend line of the dominant pattern has already been touched on August 29.