| 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) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
The GBP/CHF exchange rate has been trading upwards within the ascending channel since the end of January. Currently, the rate is testing the lower channel line at 1.2610.
From a theoretical perspective, it is likely that a reversal north could occur in the nearest future, and the currency pair could target the upper channel line in the 1.2860 area. If the given channel holds, it is likely that the pair could trade within it in the medium term.
However, note that the exchange rate is pressured by the 200-hour SMA near 1.2720. Thus, some downside potential could prevail in the market, and the rate could re-test the support level—the Fibo 38.20% at 1.2525.