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

CAD/CNH - 1H - Technical analysis published on 08/25/2022 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 5.29386 CNH
My targets
5.30719 CNH (+0.00574)
5.33803 CNH (+0.03658)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 5.29386 CNH remains possible. It is advisable to trade CAD/CNH with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 5.29386 CNH. The next bullish objective for buyers is set at 5.30719 CNH. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.33803 CNH. If there is any crossing, the next objective would be the resistance located at 5.41571 CNH. PS: if there is a bearish break in the support located at 5.29386 CNH we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
3.2

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CAD/CNH price is 5.30145 CNH. The price is lower by -0.01% since the last closing with the lowest point at 5.28945 CNH and the highest point at 5.31790 CNH. The deviation from the price is +0.23% for the low point and -0.31% for the high point.

5.28945
5.31790
5.30145

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by CAD/CNH:
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


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of CAD/CNH in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


MACD indicator is back under 0

Type : Bearish

Timeframe : 1 hour



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 : 1 hour



The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 5.25899 5.27710 5.29386 5.30145 5.30719 5.33803 5.41571
Change (%) -0.80% -0.46% -0.14% - +0.11% +0.69% +2.16%
Change -0.04246 -0.02435 -0.00759 - +0.00574 +0.03658 +0.11426
Level Minor Major Intermediate - Intermediate Major Major



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
Standard5.248835.261575.281755.294495.314675.327415.34759
Camarilla5.292895.295915.298925.301945.304965.307985.31099
Woodie5.252565.263435.285485.296355.318405.329275.35132
Fibonacci5.261575.274145.281915.294495.307065.314835.32741


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.192135.219335.240465.267665.288795.315995.33712
Camarilla5.248295.252725.257155.261585.266015.270445.27487
Woodie5.189095.217815.237425.266145.285755.314475.33408
Fibonacci5.219335.237805.249205.267665.286135.297535.31599


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.033605.082805.180825.230025.328045.377245.47526
Camarilla5.238375.251865.265365.278855.292355.305845.31934
Woodie5.058025.095015.205245.242235.352465.389455.49968
Fibonacci5.082805.139045.173785.230025.286265.321005.37724

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): 46.99
MACD (12,26,9): -0.0002
Directional Movement: -3.52541
AROON (14): -50.00000
DEMA (21): 5.30140
Parabolic SAR (0,02-0,02-0,2): 5.30858
Elder Ray (13): -0.00191
Super Trend (3,10): 5.29265
Zig ZAG (10): 5.29749
VORTEX (21): 0.9767
Stochastique (14,3,5): 17.76
TEMA (21): 5.29863
Williams %R (14): -78.12
Chande Momentum Oscillator (20): -0.01750
Repulse (5,40,3): 0.0285
ROCnROLL: -1
TRIX (15,9): 0.0035
Courbe Coppock: 0.15
MA7: 5.27500
MA20: 5.26888
MA50: 5.22622
MA100: 5.21399
MAexp7: 5.29916
MAexp20: 5.30073
MAexp50: 5.29662
MAexp100: 5.28896
Price / MA7: +0.50%
Price / MA20: +0.62%
Price / MA50: +1.44%
Price / MA100: +1.68%
Price / MAexp7: +0.04%
Price / MAexp20: +0.01%
Price / MAexp50: +0.09%
Price / MAexp100: +0.24%

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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