CAD/CHF 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Recent moves of CAD/CHF represent a downside trend that has led to a formation of the channel down pattern in early December. Despite being trapped by two downward sloping lines, the pair has not strictly obeyed the pattern's boundaries thus weighing on the pattern's quality that is only 54%. At the moment of writing, the pair was rebounding from a one-year low; CAD/CHF was trading slightly above the pattern's resistance but was expected to come back to the pattern's area as 64.71% of market players were betting on depreciation of the pair.
© Dukascopy Bank SA
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