| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Buy |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇒ |
The GBP/CHF exchange rate has been trading within the descending channel since the since the middle of last week.
From a theoretical perspective, the British Pound could continue to depreciate against the Swiss Franc in the medium term. Note that the currency pair could gain support of the monthly S1 at 1.2565.
On the other hand, note that the exchange rate is supported by the 55-, 100– and 200-hour SMAs, currently located circa 1.2685. Thus, some upside potential could prevail in the market, and the rate could exceed the Fibo 50.00% at 1.2779.