CAD/CHF 4H Chart: New channel reveals

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3) Neutral Sell Neutral
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

The Canadian Dollar has been gaining strength against the Swiss Franc since late June. The upside momentum has sent the currency pair to move from the lower boundaries of both the short and long-term patterns to the upper line and the monthly pivot point.

During the short period for surged, the exchange rate dashed through the 55-, 100-, and 200-hour SMAs. Also, a breakout occurred through the upper border of a descending channel.

On the four-hour time frame, technical indicators flash bullish signals. Therefore, the currency exchange rate could continue moving in the ascending channel during the following trading sessions.

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