USD/CHF 4H Chart: Bullish momentum

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

The movement of the US Dollar against the Swiss Franc has been constrained by two ascending channels. The most recent channel was formed on July 9 and has guided the currency pair higher.

After reaching the upper boundary of a junior ascending pattern on July 13, the USD/CHF currency pair made a U-turn south. However, this decline was stopped by the 55– and 100-hour SMAs.

Everything being equal, it is expected that the currency exchange rate continues its movement in the ascending channel during the following trading sessions. In addition, all three SMAs are located below the price action. 

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