CHART SCALE: Weekly

INDICATORS: Parabolic Sar, Money Flow Index, Linear regression slope

RESISTANCE LEVELS: 0.8002

SUPPORT LEVELS : 0.73231

PAIR ANALYSIS :

CAD/CHF has been traded within a trendless tendency . The chart indicates a key level price of around the 0.77001 value.
The MFI, the linear regression slope at -0.00008 suggest an indecision zone and the Parabolic Sar support the validity of the convergence zone intuition with a slightly bearish tendency. The bullish crossing of the resistance line at 0.8002 could facilitate a 0.82001 objective level. A bearish crossing at 0.73231 could be interpreted as possible bearish domination market trend. Considering the linear regression tendency the forecast can be evaluated at 0.75863. This level can be considered as a possible convergence price in consideration of the cyclic analysis. Also the chart analysis and the technical analysis could support this value as a possible forecast.

FIGURE 1 shows the trendlines



FIGURE 2 indicates the forecasting pattern

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