Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Buy | Buy | Sell |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Neutral | Sell | Sell |
Alligator (13; 8; 5) | Buy | Buy | Sell |
SAR (0.02; 0.2) | Buy | Buy | Buy |
Aggregate | ⇒ | ⇒ | ⇓ |
The US Dollar has reached a significant cross point against the Swiss Franc. The pair recently began a junior surge after rebounding against the support of the lower trend line of the most dominant channel pattern.
The junior pattern recently met with the resistance of two dominant patterns. The resistance of the medium scale patterns did not hold and the pair broke above their resistance only to be stopped by the 38.20% Fibonacci retracement level of 2017 low and 2016 high levels.
This move can be considered a confirmation of the hypothesis that the US Dollar is set to gain against the Franc in the upcoming months.