| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Buy | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Sell |
| SAR (0.02; 0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
[ANNOUNCE] The US Dollar has strengthened by 3.94% against the Swiss Franc during the past few weeks. [/ANNOUNCE] This movement has been stranded in an ascending channel.
As apparent on the chart, the pair has failed to reach its upper boundary since March 9 and is currently being restricted by the monthly R1 at 0.9549. This situation suggests that the pair might have lost its upward momentum and thus could be forming a new bearish wave.
Given that the rate has been supported by the 100– and 200-hour SMAs, bulls might still push the rate higher up to the 0.96 area.
Its subsequent move, however, should be a breakout of the medium-term channel and a correction south. The Greenback is expected to target the 23.60% Fibonacci retracement at 0.9391 within the following two weeks.