HomeContributorsTechnical AnalysisCAD/CHF 4H Chart: Bullish Sentiment Next Week

CAD/CHF 4H Chart: Bullish Sentiment Next Week

The Canadian Dollar has been trading in a triangle-like formation pattern against the Swiss Franc September. The currency pair re-tested the upper boundary of the pattern at 0.7680 on November 5.

The exchange rate has been moving sideways within a range of 0.7548 and 0.7700 since the beginning of October.

Everything being equal, it is likely that the CAD/CHF currency exchange rate increases its trading range during the following week.

Moreover, technical indicators on the weekly time-frame suggest a bullish sentiment during the next week trading sessions.

Dukascopy Swiss FX Group
Dukascopy Swiss FX Grouphttp://www.dukascopy.com/
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

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