CAD/CHF 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
CAD/CHF is giving out mixed signals on different time-frames, showing bullish momentum on the hourly chart, but sketching a senior channel down on the four-hour chart. The pair has just touched the upper trend-line of the senior pattern and now suggests that the junior bullish formation is likely to break, most likely immediately at 0.7663. A step below the area would result in a prominent slip towards an Ichimoku cloud which would most likely cause a consolidation of the movement. Upside potential will be cut at 0.7673, the senior upper boundary.
© Dukascopy Bank SA

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