| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Sell | Sell | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇘ | ⇒ |
Upside risks dominated the CAD/CHF exchange pair during the past two weeks, thus resulting in the formation of an ascending wedge. The Canadian Dollar accelerated following a breakout of a channel down and has subsequently surged up to the 0.79 mark where the monthly R2 is located.
Trend indicators suggest that the up-trend is still strong; however, the pair consolidating at its two-year high suggests that a new down-wave might start in the upcoming hours. An ascending wedge is generally a bearish pattern that should result in a breakout southwards.
The nearest downside target is the 55– and 100-hour SMAs circa 0.7830. Meanwhile, a breakout of the monthly R1 and the weekly PP at 0.7780 should work as the necessary confirmation of a new down-trend.