CAD/CHF 4H Chart: Bullish sentiment next week - Trade Pattern Ideas - Dukascopy Bank
Fri, 16 Nov 2018 07:19:03 GMT
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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