Analysis Patterns: CHF/JPY, CAD/CHF

Patterns #CHF JPY, #CAD #CHF Analysis
. . 8 27 2020 8 21 31 AM #CHF #JPY 4H Chart Decline likely to occur The Swiss Franc declined by 177 pips or 1.50% against the Japanese Yen during last week s trading sessions. The #CHF #JPY currency pair breached the 116.00 level last week. All things being equal, the exchange rate could continue to decline during the following trading sessions. A breakout through the lower boundary of an ascending channel pattern is likely to occur. However, the 50 and 100 period simple moving averages at 116.55 could provide support for the currency exchange rate in the shorter term. #CAD #CHF 4H Chart Bulls likely to prevail The Canadian Dollar has surged by 1.73% against the Swiss Franc since the beginning of August. The currency pair breached the 0.6920 level during this week s trading sessions. As for the near future, the exchange rate will most likely continue to edge higher in the ascending channel pattern. The potential target …