CAD/CNH - 1H - Technical analysis published on 11/28/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 5.36248 CNH
My targets
5.39442 CNH (+0.01731)
5.41571 CNH (+0.03860)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on CAD/CNH as long as the price remains well above 5.36248 CNH. The buyers' bullish objective is set at 5.39442 CNH. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.41571 CNH. If there is any crossing, the next objective would be the resistance located at 5.83960 CNH. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.7
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.
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Additional analysis
Quotes
The CAD/CNH rating is 5.37711 CNH. On the day, this instrument gained +0.00% and was traded between 5.35266 CNH and 5.41624 CNH over the period. The price is currently at +0.46% from its lowest and -0.72% from its highest.5.35266
5.41624
5.37711
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
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
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of CAD/CNH in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.33803 | 5.34565 | 5.36248 | 5.37711 | 5.37892 | 5.39442 | 5.41571 |
| Change (%) | -0.73% | -0.59% | -0.27% | - | +0.03% | +0.32% | +0.72% |
| Change | -0.03908 | -0.03146 | -0.01463 | - | +0.00181 | +0.01731 | +0.03860 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.33033 | 5.34657 | 5.36195 | 5.37819 | 5.39357 | 5.40981 | 5.42519 |
| Camarilla | 5.36865 | 5.37154 | 5.37444 | 5.37734 | 5.38024 | 5.38314 | 5.38604 |
| Woodie | 5.32991 | 5.34636 | 5.36153 | 5.37798 | 5.39315 | 5.40960 | 5.42477 |
| Fibonacci | 5.34657 | 5.35865 | 5.36611 | 5.37819 | 5.39027 | 5.39773 | 5.40981 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.25673 | 5.28769 | 5.33251 | 5.36347 | 5.40829 | 5.43925 | 5.48407 |
| Camarilla | 5.35650 | 5.36345 | 5.37039 | 5.37734 | 5.38429 | 5.39123 | 5.39818 |
| Woodie | 5.26367 | 5.29116 | 5.33945 | 5.36694 | 5.41523 | 5.44272 | 5.49101 |
| Fibonacci | 5.28769 | 5.31664 | 5.33452 | 5.36347 | 5.39242 | 5.41030 | 5.43925 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.98519 | 5.06711 | 5.22744 | 5.30936 | 5.46969 | 5.55161 | 5.71194 |
| Camarilla | 5.32116 | 5.34337 | 5.36557 | 5.38778 | 5.40999 | 5.43219 | 5.45440 |
| Woodie | 5.02441 | 5.08671 | 5.26666 | 5.32896 | 5.50891 | 5.57121 | 5.75116 |
| Fibonacci | 5.06711 | 5.15965 | 5.21682 | 5.30936 | 5.40190 | 5.45907 | 5.55161 |
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): | 50.89 | |
| MACD (12,26,9): | 0.0006 | |
| Directional Movement: | 1.98288 | |
| AROON (14): | 50.00000 | |
| DEMA (21): | 5.37717 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.35608 | |
| Elder Ray (13): | 0.00361 | |
| Super Trend (3,10): | 5.39514 | |
| Zig ZAG (10): | 5.37768 | |
| VORTEX (21): | 0.9166 | |
| Stochastique (14,3,5): | 79.24 | |
| TEMA (21): | 5.37667 | |
| Williams %R (14): | -28.84 | |
| Chande Momentum Oscillator (20): | 0.00516 | |
| Repulse (5,40,3): | -0.0418 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0024 | |
| Courbe Coppock: | 0.04 |
| MA7: | 5.35663 | |
| MA20: | 5.35028 | |
| MA50: | 5.29062 | |
| MA100: | 5.27837 | |
| MAexp7: | 5.37852 | |
| MAexp20: | 5.37681 | |
| MAexp50: | 5.37399 | |
| MAexp100: | 5.36560 | |
| Price / MA7: | +0.38% | |
| Price / MA20: | +0.50% | |
| Price / MA50: | +1.63% | |
| Price / MA100: | +1.87% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.06% | |
| Price / MAexp100: | +0.21% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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