Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Sell | Buy | Buy |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Sell | Neutral | Neutral |
Alligator (13; 8; 5) | Neutral | Neutral | Buy |
SAR (0.02; 0.2) | Buy | Sell | Buy |
Aggregate | ⇘ | ⇒ | ⇒ |
The Canadian Dollar has been trading in a triangle-like formation pattern against the Swiss Franc September. The currency pair re-tested the upper boundary of the pattern at 0.7680 on November 5.
The exchange rate has been moving sideways within a range of 0.7548 and 0.7700 since the beginning of October.
Everything being equal, it is likely that the CAD/CHF currency exchange rate increases its trading range during the following week.
Moreover, technical indicators on the weekly time-frame suggest a bullish sentiment during the next week trading sessions.