CAD/CNH - 1H - Technical analysis published on 08/18/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 5.26749 CNH
My targets
5.24654 CNH (-0.00727)
5.23677 CNH (-0.01704)
My analysis
CAD/CNH is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 5.26749 CNH. The next support located at 5.24654 CNH is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 5.23677 CNH. Below this support, sellers could then target 5.22358 CNH. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CAD/CNH rating 5.25381 CNH. The price registered a decrease of -0.04% on the session and was traded between 5.24846 CNH and 5.28003 CNH over the period. The price is currently at +0.10% from its lowest and -0.50% from its highest.5.24846
5.28003
5.25381
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
Technical analysis of this 1H chart of CAD/CNH indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 4 are bullish, 3 are neutral and 11 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.23677 | 5.24654 | 5.25235 | 5.25381 | 5.26749 | 5.27710 | 5.28472 |
| Change (%) | -0.32% | -0.14% | -0.03% | - | +0.26% | +0.44% | +0.59% |
| Change | -0.01704 | -0.00727 | -0.00146 | - | +0.01368 | +0.02329 | +0.03091 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.19932 | 5.22585 | 5.24094 | 5.26747 | 5.28256 | 5.30909 | 5.32418 |
| Camarilla | 5.24459 | 5.24840 | 5.25222 | 5.25603 | 5.25985 | 5.26366 | 5.26748 |
| Woodie | 5.19360 | 5.22299 | 5.23522 | 5.26461 | 5.27684 | 5.30623 | 5.31846 |
| Fibonacci | 5.22585 | 5.24175 | 5.25157 | 5.26747 | 5.28337 | 5.29319 | 5.30909 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.16561 | 5.19460 | 5.23497 | 5.26396 | 5.30433 | 5.33332 | 5.37369 |
| Camarilla | 5.25628 | 5.26263 | 5.26899 | 5.27535 | 5.28171 | 5.28807 | 5.29442 |
| Woodie | 5.17131 | 5.19745 | 5.24067 | 5.26681 | 5.31003 | 5.33617 | 5.37939 |
| Fibonacci | 5.19460 | 5.22109 | 5.23746 | 5.26396 | 5.29045 | 5.30682 | 5.33332 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.03360 | 5.08280 | 5.18082 | 5.23002 | 5.32804 | 5.37724 | 5.47526 |
| Camarilla | 5.23837 | 5.25186 | 5.26536 | 5.27885 | 5.29235 | 5.30584 | 5.31934 |
| Woodie | 5.05802 | 5.09501 | 5.20524 | 5.24223 | 5.35246 | 5.38945 | 5.49968 |
| Fibonacci | 5.08280 | 5.13904 | 5.17378 | 5.23002 | 5.28626 | 5.32100 | 5.37724 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.02 | |
| MACD (12,26,9): | -0.0031 | |
| Directional Movement: | -12.94650 | |
| AROON (14): | -50.00000 | |
| DEMA (21): | 5.25681 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.26578 | |
| Elder Ray (13): | -0.00398 | |
| Super Trend (3,10): | 5.27450 | |
| Zig ZAG (10): | 5.25606 | |
| VORTEX (21): | 1.0107 | |
| Stochastique (14,3,5): | 25.51 | |
| TEMA (21): | 5.25615 | |
| Williams %R (14): | -76.02 | |
| Chande Momentum Oscillator (20): | -0.02133 | |
| Repulse (5,40,3): | -0.0212 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0063 | |
| Courbe Coppock: | 0.38 |
| MA7: | 5.27202 | |
| MA20: | 5.26190 | |
| MA50: | 5.21979 | |
| MA100: | 5.20407 | |
| MAexp7: | 5.25716 | |
| MAexp20: | 5.26070 | |
| MAexp50: | 5.26556 | |
| MAexp100: | 5.26825 | |
| Price / MA7: | -0.35% | |
| Price / MA20: | -0.15% | |
| Price / MA50: | +0.65% | |
| Price / MA100: | +0.96% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | -0.22% | |
| Price / MAexp100: | -0.27% |
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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