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 03/22/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 5.00996 CNH
My targets
5.03329 CNH (+0.00836)
5.04088 CNH (+0.01595)
My analysis
CAD/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 5.00996 CNH. The next resistance located at 5.03329 CNH is the next bullish target 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 5.04088 CNH. After this resistance, buyers could then target 5.09296 CNH.

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
5.9

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 5.02493 CNH. The price has increased by +0.19% since the last closing and was traded between 5.01468 CNH and 5.02661 CNH over the period. The price is currently at +0.20% from its lowest and -0.03% from its highest.

5.01468
5.02661
5.02493

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by CAD/CNH:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 year)

Type : Bearish

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 bullish. 75.00% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour



In fact, 11 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Near support of triangle

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 4.99494 5.00996 5.02107 5.02493 5.03329 5.04088 5.09296
Change (%) -0.60% -0.30% -0.08% - +0.17% +0.32% +1.35%
Change -0.02999 -0.01497 -0.00386 - +0.00836 +0.01595 +0.06803
Level Major Major Minor - Intermediate Intermediate Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.982184.996065.005695.019575.029205.043085.05271
Camarilla5.008855.011005.013165.015315.017475.019625.02178
Woodie4.980054.995005.003565.018515.027075.042025.05058
Fibonacci4.996065.005045.010595.019575.028555.034105.04308


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.909574.940224.979775.010425.049975.080625.12017
Camarilla5.000015.006445.012885.019315.025755.032185.03862
Woodie4.914014.942454.984215.012655.054415.082855.12461
Fibonacci4.940224.967044.983615.010425.037245.053815.08062


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.938104.987415.041755.091065.145405.194715.24905
Camarilla5.067595.077095.086595.096095.105595.115095.12459
Woodie4.940624.988675.044275.092325.147925.195975.25157
Fibonacci4.987415.027005.051475.091065.130655.155125.19471

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): 58.12
MACD (12,26,9): -0.0017
Directional Movement: 2.86786
AROON (14): -28.57143
DEMA (21): 5.01702
Parabolic SAR (0,02-0,02-0,2): 5.00995
Elder Ray (13): 0.00413
Super Trend (3,10): 5.03006
Zig ZAG (10): 5.02485
VORTEX (21): 0.9712
Stochastique (14,3,5): 46.59
TEMA (21): 5.01616
Williams %R (14): -39.34
Chande Momentum Oscillator (20): 0.01078
Repulse (5,40,3): 0.1990
ROCnROLL: 1
TRIX (15,9): -0.0079
Courbe Coppock: 0.28
MA7: 5.02080
MA20: 5.05583
MA50: 5.06402
MA100: 5.13577
MAexp7: 5.01884
MAexp20: 5.01958
MAexp50: 5.02165
MAexp100: 5.02275
Price / MA7: +0.08%
Price / MA20: -0.61%
Price / MA50: -0.77%
Price / MA100: -2.16%
Price / MAexp7: +0.13%
Price / MAexp20: +0.11%
Price / MAexp50: +0.07%
Price / MAexp100: +0.05%

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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