CAD/CHFPanjang
CAD/CHF Breakout?
The pair has been moving in a range in recent days and taking into account the movement prior to its entry, I would say that it is a bullish rectangle pattern, which following the trend preceding the entry of the range should break upwards.
On the other hand, it is interesting to see that in the 1h period and below it is at an overbought level, so in principle it is most likely to see a reversal in the price before an upward breakout.
On the other hand, it is interesting to see that in the 1h period and below it is at an overbought level, so in principle it is most likely to see a reversal in the price before an upward breakout.
Penafian
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