| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The GBP/CHF exchange rate has surpassed the resistance level formed by the Fibonacci 61.80% retracement at 1.3272 and tested the upper boundary of the long-term descending channel located circa 1.3425.
As apparent on the chart, the currency pair is trading near the upper channel line. From a theoretical perspective, a reversal north should occur within following sessions. Important support level to look out for is the Fibonacci 50.00% retracement at 1.3091.
However, given that the rate is being supported by the 55-, 100– and 200-hour SMAs, it is likely that bulls prevail in the market, and the rate re-tests the upper trend boundary. If given channel does not hold, a breakout north occurs in the nearest future.