Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Buy | Buy | Buy |
RSI (14) | Sell | Sell | Sell |
Stochastic (5; 3) | Sell | Sell | Sell |
Alligator (13; 8; 5) | Buy | Buy | Buy |
SAR (0.02; 0.2) | Buy | Buy | Buy |
Aggregate | ⇒ | ⇘ | ⇘ |
As it was expected the rebound of the Euro against the Swiss Franc did not last in a narrow ranged channel up pattern. Instead over time the pair surge without an initially easy to spot pattern.
However, as the currency rate has reached the dominant resistance of a rising wedge pattern, it can be seen that there was an ascending channel pattern in the play.
In regards to the future outlook, the pair is set to bounce off the resistance of the rising wedge pattern and form a new junior pattern.