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29.01.202407:39 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of CAD/CHF Cross Currency Pairs , Monday January 29, 2024.

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Exchange Rates 29.01.2024 analysis

If we look at the daily chart of the CAD/CHF currency pair, it is clear that the price movement is moving below the Moving Average and the appearance of a hidden deviation pattern between the price movement and the Stochastic Oscillator indicator coupled with confirmation of the emergence of the Ascending Broadening Wedge pattern, based on these facts within a few days In the future, CAD/CHF has the potential to continue weakening even though there is potential for it to be corrected upwards, but as long as the correction does not exceed above the 0.6510 level, CAD/CHF will fall down to the 0.6300 level.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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