CAD/CHF 4H Chart: Selling signals

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellNeutralNeutral
SAR(0.02;0.2)SellBuyBuy
Aggregate

The Canadian Dollar has surged by 1.05% against the Swiss Franc since December 1. The currency pair tested the upper line of a descending channel pattern at 0.6973 on December 16.

Technical indicators suggest selling signals on the 4-hour time frame chart. Most likely, the exchange rate could edge lower during the following trading sessions. The potential target for the CAD/CHF pair will be at the 0.6860 level.

However, given that the currency exchange rate is currently trading near the upper boundary of a descending channel pattern, a breakout could occur within this week's trading sessions.

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