| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇒ |
[ANNOUNCE]The Canadian Dollar has surged by 1.43% against the Swiss Franc since this week's trading sessions. The currency pair breached the 50– period simple moving average at 0.7332 on April 22.[/ANNOUNCE]
The exchange rate is currently trading near the upper line of an ascending channel pattern at 0.7350.
If the channel pattern holds, bearish traders are likely to pressure the CAD/CHF pair lower during the following trading sessions.
However, if the currency exchange rate breaks the ascending channel pattern, a surge towards the weekly R2 at the 0.7450 level could be expected next week.