CAD/CHF 4H Chart: Bullish sentiment next week

Source: Dukascopy Bank SA

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.

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