Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Sell | Sell | Sell |
RSI (14) | Buy | 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 previous forecast for the USD/CHF came into reality just as expected. The pair found minor support in the weekly S1 only to decline further below. Afterwards the buck declined down to the support line of the dominant pattern, which is strengthened by the monthly S1 at the 0.9420 mark.
In accordance with the pattern a surge is set to occur. However, the previous support levels are set to provide resistance to the US Dollar in its rebound against the Swiss Franc.
Meanwhile, fundamental events might force a break of the dominant pattern.