Indicator | 4H | 1D | 1W |
---|---|---|---|
MACD(12;26;9) | Sell | Buy | Sell |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Neutral | Neutral | Neutral |
Alligator(13;8;5) | Neutral | Buy | Sell |
SAR(0.02;0.2) | Buy | Sell | Buy |
Aggregate | ⇒ | ⇒ | ⇒ |
The CAD/CHF exchange rate has been trading within a rising wedge pattern since the end of March.
From a theoretical perspective, it is likely that the currency pair could continue to trade within the given pattern until the middle of June. Then, a breakout south could follow, and the pair could re-test the 0.6600 level.
However, note that the rate is pressured by the 55-, 100– and 200-hour moving averages. Thus, the expected breakout south could occur sooner.