CAD/CNH - 1H - Technical analysis published on 07/19/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 5.20122 CNH
My targets
5.23165 CNH (+0.02393)
5.27970 CNH (+0.07198)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAD/CNH as long as the price remains well above 5.20122 CNH. The buyers' bullish objective is set at 5.23165 CNH. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.27970 CNH. If there is any crossing, the next objective would be the resistance located at 5.33803 CNH. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
5.4
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Additional analysis
Quotes
The CAD/CNH rating is 5.20772 CNH. On the day, this instrument lost -0.01% and was traded between 5.20381 CNH and 5.21118 CNH over the period. The price is currently at +0.08% from its lowest and -0.07% from its highest.5.20381
5.21118
5.20772
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of CAD/CNH in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 6 are bullish, 8 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.16187 | 5.18485 | 5.20122 | 5.20772 | 5.23165 | 5.27970 | 5.33803 |
| Change (%) | -0.88% | -0.44% | -0.12% | - | +0.46% | +1.38% | +2.50% |
| Change | -0.04585 | -0.02287 | -0.00650 | - | +0.02393 | +0.07198 | +0.13031 |
| Level | Intermediate | Major | Minor | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.14846 | 5.16976 | 5.18904 | 5.21034 | 5.22962 | 5.25092 | 5.27020 |
| Camarilla | 5.19715 | 5.20087 | 5.20459 | 5.20831 | 5.21203 | 5.21575 | 5.21947 |
| Woodie | 5.14744 | 5.16926 | 5.18802 | 5.20984 | 5.22860 | 5.25042 | 5.26918 |
| Fibonacci | 5.16976 | 5.18527 | 5.19484 | 5.21034 | 5.22585 | 5.23542 | 5.25092 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.07903 | 5.10551 | 5.14826 | 5.17474 | 5.21749 | 5.24397 | 5.28672 |
| Camarilla | 5.17197 | 5.17832 | 5.18466 | 5.19101 | 5.19736 | 5.20370 | 5.21005 |
| Woodie | 5.08717 | 5.10958 | 5.15640 | 5.17881 | 5.22563 | 5.24804 | 5.29486 |
| Fibonacci | 5.10551 | 5.13196 | 5.14829 | 5.17474 | 5.20119 | 5.21752 | 5.24397 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.89327 | 5.01147 | 5.10737 | 5.22557 | 5.32147 | 5.43967 | 5.53557 |
| Camarilla | 5.14439 | 5.16402 | 5.18364 | 5.20327 | 5.22290 | 5.24252 | 5.26215 |
| Woodie | 4.88212 | 5.00590 | 5.09622 | 5.22000 | 5.31032 | 5.43410 | 5.52442 |
| Fibonacci | 5.01147 | 5.09326 | 5.14378 | 5.22557 | 5.30736 | 5.35788 | 5.43967 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 55.21 | |
| MACD (12,26,9): | 0.0038 | |
| Directional Movement: | 6.12973 | |
| AROON (14): | 21.42857 | |
| DEMA (21): | 5.21287 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.22521 | |
| Elder Ray (13): | 0.00108 | |
| Super Trend (3,10): | 5.19997 | |
| Zig ZAG (10): | 5.21021 | |
| VORTEX (21): | 1.0833 | |
| Stochastique (14,3,5): | 30.89 | |
| TEMA (21): | 5.21053 | |
| Williams %R (14): | -77.34 | |
| Chande Momentum Oscillator (20): | -0.02102 | |
| Repulse (5,40,3): | 0.0324 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0157 | |
| Courbe Coppock: | 0.08 |
| MA7: | 5.18386 | |
| MA20: | 5.18209 | |
| MA50: | 5.22163 | |
| MA100: | 5.15218 | |
| MAexp7: | 5.20842 | |
| MAexp20: | 5.20662 | |
| MAexp50: | 5.19666 | |
| MAexp100: | 5.18712 | |
| Price / MA7: | +0.46% | |
| Price / MA20: | +0.49% | |
| Price / MA50: | -0.27% | |
| Price / MA100: | +1.08% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.21% | |
| Price / MAexp100: | +0.40% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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