| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The Swiss Franc has been trading in a narrow ascending channel pattern against the Japanese Yen since the end of November. The currency pair has surged by 1.21% in value during this period.
Everything being equal, the CHF/JPY exchange rate will likely trade south within next week's trading sessions. Bearish traders could target the 50-, 100– and 200– period SMAs at 109.66.
However, technical indicators suggest that the currency exchange rate will continue to trade north during the following trading sessions.