| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The Canadian Dollar has declined by 79 pips or 1.14% against the Swiss Franc since September 23. The currency pair breached the 50-, 100– and 200– period SMAs last week.
Technical indicators suggest selling signals on the 4-hour, daily and weekly time-frame charts. Most likely, the CAD/CHF exchange rate will continue to edge lower in a descending channel pattern within this week's trading sessions.
However, given that the currency exchange rate is currently trading near the upper line of the channel pattern, a breakout might occur during the following trading sessions.