| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Sell | Neutral |
| SAR (0.02; 0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇓ | ⇒ |
After all the Swiss Franc passed the long term support line against the Japanese Yen, which was described in the first half of October. As a result of the move the situation has drastically changed.
The pair is declining simultaneously in two channel down patterns. However, the most junior pattern, which can be charted on the four hourly chart, is an ascending channel pattern.
In the short term the pair is set to surge until it meets with the various strong resistance levels at the 114.50 mark. Afterwards a decline is most likely to occur.