| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Neutral | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇗ |
The Swiss Franc has been appreciating against the US Dollar since the beginning of May when the currency pair reversed south from the upper boundary of the rising wedge pattern.
As apparent on the chart, the pair is testing the resistance formed by the 55-, 100– and 200-hour SMAs located circa 1.0100. If the given moving averages hold, it is likely, that bears could continue to prevail in the market. A possible downside target is the lower pattern line located circa 0.9950.
It is unlikely, that bulls could prevail in the market, and the exchange rate could breach the given pattern north.