| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇘ | ⇗ | ⇗ |
The CHF/JPY currency pair continued to extend gains within the long-term ascending channel. As apparent on the chart, the pair exceeded the 112.50 level.
From a theoretical perspective, it is likely that the exchange rate could continue to trade upwards within the given channel in the medium term. In this case the rate could reach the 116.00 mark within the following month.
However, note that the currency pair could face the resistance level—the Fibonacci 38.20% retracement at 114.60. If the given level holds, it is likely that a breakout south could occur in the nearest future. In this case the pair could decline to the Fibonacci 23.60% retracement at 110.05.