CAD/CHF 4H Chart: Moving towards swing low of 0.7344

Note: This section contains information in English only.
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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Thu, 20 Dec 2018 13:54:51 GMT

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