| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The Canadian Dollar has surged by 147 pips or 2.15% against the Swiss Franc since October 29. The currency pair tested the upper line of a descending channel pattern at 0.6966 on November 3.
Technical indicators suggest buying signals on both the 4H and the daily time-frame charts. Most likely, bulls could continue to drive the price higher during the following trading sessions.
However, the upper line of the descending channel pattern could provide a barrier for bulls in the shorter term.