| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Sell | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Sell | Sell |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇘ | ⇘ |
After reaching the upper boundary of the senior channel circa 0.71 mid-January, the Swiss Franc depreciated substantially during the following weeks prior to reversing to the upside two weeks ago.
It seems that the pair might be trading in a new descending channel. The upper boundary of this pattern still needs the second confirmation near 0.6920.
For the past week, the Franc has been guided by the 55-, 100- and 200-hour SMAs. Thus, the rate could continue edging higher towards the aforementioned 0.6920 area, supported by the weekly R2 and the monthly PP, thus providing the necessary confirmation of the junior channel.
On the other hand, the bearish sentiment might prevail in the market and thus push the rate towards the senior channel in the medium term. However, this scenario should still be confirmed with a bearish breakout of the 200-hour SMA and the weekly PP circa 0.6840.