🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

CAD/CHF: Continues To Rise

Published 06/20/2013, 05:51 AM
Updated 03/09/2019, 08:30 AM
CAD/CHF
-
GUID
-
ACT
-

CAD/CHF continues to rise inside the hourly Triangle chart pattern identified by Autochartist. The pair is expected to rise toward the target level 0.9115 in the next 2 trading days. The stop-level for this bullish forecast is set by Autochartist at the nearby support level 0.8987 (point A on the chart below, the last reversal point of the lower support trendline of this Triangle). This point formed recently when CAD/CHF reversed up from the support area surrounding the major long-term round support level 0.9000 (which has reversed all downward impulses of this currency pair from February of last year, as you can see on the second chart below).
<span class=CAD/CHF 1" width="600" height="368">
The following weekly CAD/CHF chart demonstrates the earlier price action close to 0.9000:
<span class=CAD/CHF 2" width="600" height="708">

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.