CAD/CHF 4H Chart: Bounces off support cluster - Trade Pattern Ideas - Dukascopy Bank
Fri, 11 Oct 2019 06:04:07 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Sell
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Neutral
Buy
Neutral
SAR(0.02;0.2)
Buy
Sell
Buy
Aggregate
⇗
⇒
⇒
Since the beginning of October, the Canadian Dollar has been falling against the Swiss Franc. The currency pair has lost about 1.46% in value during this short period.
However, the CAD/CHF exchange rate bounced off a support cluster at the 0.7427 area during yesterday's trading session. Most likely, bulls could drive the price towards the 0.7560 marks in the shorter term.
The long-term target for the currency exchange rate would be at the upper boundary of an ascending channel pattern at 0.7615.
Although, bulls will have to surpass the weekly R1 at 0.7544 before reaching the given target.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.
To learn more about Dukascopy Bank Binary Options
/ Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Business Introducer and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.