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USD/CNH
USD CNH
- CNH (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: USDCNH
ISIN:

USD/CNH - 15 min. - Technical analysis published on 11/10/2023 (GMT)

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Londinia
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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 7.29407 CNH
My targets
7.30765 CNH (+0.00397)
7.31581 CNH (+0.01213)
My analysis
USD/CNH is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 7.29407 CNH. The next resistance located at 7.30765 CNH is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 7.31581 CNH. After this resistance, buyers could then target 7.32939 CNH. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.8

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

hannahfreeman
This analysis was given by hannahfreeman. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The USD/CNH price is 7.30368 CNH. The price registered an increase of +0.06% on the session with the lowest point at 7.29689 CNH and the highest point at 7.30453 CNH. The deviation from the price is +0.09% for the low point and -0.01% for the high point.

7.29689
7.30453
7.30368

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 15 min. of this USD/CNH chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 15 minutes



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 15 minutes



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 7.28066 7.28864 7.30223 7.30368 7.32212 7.32903 7.33492
Change (%) -0.32% -0.21% -0.02% - +0.25% +0.35% +0.43%
Change -0.02302 -0.01504 -0.00145 - +0.01844 +0.02535 +0.03124
Level Intermediate Intermediate Minor - Intermediate Minor Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.264177.272337.285917.294077.307657.315817.32939
Camarilla7.293517.295507.297507.299497.301487.303487.30547
Woodie7.266887.273697.288627.295437.310367.317177.33210
Fibonacci7.272337.280647.285777.294077.302387.307517.31581


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.209987.248077.267907.305997.325827.363917.38374
Camarilla7.271817.277127.282437.287747.293057.298367.30367
Woodie7.200867.243517.258787.301437.316707.359357.37462
Fibonacci7.248077.270197.283867.305997.328117.341787.36391


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.214037.241907.291357.319227.368677.396547.44599
Camarilla7.319557.326647.333727.340817.347907.354997.36207
Woodie7.224837.247307.302157.324627.379477.401947.45679
Fibonacci7.241907.271437.289687.319227.348757.367007.39654

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 57.64
MACD (12,26,9): 0.0006
Directional Movement: 4.51879
AROON (14): 100.00000
DEMA (21): 7.30196
Parabolic SAR (0,02-0,02-0,2): 7.29997
Elder Ray (13): 0.00107
Super Trend (3,10): 7.29683
Zig ZAG (10): 7.30310
VORTEX (21): 1.1263
Stochastique (14,3,5): 79.57
TEMA (21): 7.30211
Williams %R (14): -0.83
Chande Momentum Oscillator (20): 0.00273
Repulse (5,40,3): 0.0393
ROCnROLL: 1
TRIX (15,9): 0.0011
Courbe Coppock: 0.05
MA7: 7.29536
MA20: 7.31471
MA50: 7.30989
MA100: 7.27149
MAexp7: 7.30206
MAexp20: 7.30100
MAexp50: 7.29955
MAexp100: 7.29678
Price / MA7: +0.11%
Price / MA20: -0.15%
Price / MA50: -0.08%
Price / MA100: +0.44%
Price / MAexp7: +0.02%
Price / MAexp20: +0.04%
Price / MAexp50: +0.06%
Price / MAexp100: +0.09%

Quotes : - Real time data - Forex

News


The last news published on USD/CNH at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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