Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Sell | Sell | Sell |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Sell | Neutral | Neutral |
Alligator (13; 8; 5) | Neutral | Sell | Sell |
SAR (0.02; 0.2) | Buy | Buy | Sell |
Aggregate | ⇘ | ⇒ | ⇒ |
A medium-term descending channel has guided the movement of the CAD/CHF currency pair lower.
Regarding the near future, the currency exchange rate is likely to breakout through the upper boundary of a junior ascending channel during the following trading sessions. The potential targets for the pair could be a resistance cluster formed by the combination of the 200-hour simple moving average and the monthly and weekly PPs near the 0.7511 mark.
On the other hand, the rate might reverse from the 100-hour SMA at 0.7432 and continues its movement south during the coming days.