Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Buy | Buy | Buy |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Sell | Sell | Sell |
Alligator (13; 8; 5) | Neutral | Neutral | Buy |
SAR (0.02; 0.2) | Sell | Buy | Sell |
Aggregate | ⇒ | ⇒ | ⇒ |
The Swiss Franc rebounded against the lower trend line of the most dominant pattern last week against the Japanese Yen, when the pair was last reviewed. Since then the surge has continued as expected.
Although, recently the pair declined in a very small scale pattern, which was broken after the pair rebounded against the 115.00 mark. As a result of these moves an ascending channel pattern can be marked. The channel is aimed at the resistance line of the most dominant pattern, which has the form of a triangle.
In general, if the pair passes the monthly PP at the 115.40 mark, it should surge up to the 115.60 mark, which is the lowest level, where the pair channel up would meet the triangle's resistance.