CAD/CHF 4H Chart: Moving towards swing low of 0.7344 - Trade Pattern Ideas - Dukascopy Bank
Thu, 20 Dec 2018 07:02:28 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD (12; 26; 9)
Sell
Sell
Sell
RSI (14)
Neutral
Neutral
Neutral
Stochastic (5; 3)
Neutral
Neutral
Buy
Alligator (13; 8; 5)
Sell
Sell
Sell
SAR (0.02; 0.2)
Sell
Sell
Sell
Aggregate
⇘
⇒
⇒
Indicator
4H
1D
1W
MACD (12; 26; 9)
Sell
Sell
Sell
RSI (14)
Neutral
Neutral
Neutral
Stochastic (5; 3)
Neutral
Neutral
Buy
Alligator (13; 8; 5)
Sell
Sell
Sell
SAR (0.02; 0.2)
Sell
Sell
Sell
Aggregate
⇘
⇒
⇒
The Canadian Dollar has been depreciating against the Swiss Franc since the beginning of December. This movement has been bounded in a descending channel pattern.
The currency pair breached the lower boundary of a dominant ascending channel at 0.7372 during the morning hours of Thursday's trading session.
Given that a breakout had occurred, it is likely that the currency exchange rate will continue its decline within this session.
The short-term target for the CAD/CHF exchange rate will be near a swing low of 0.7344.
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