CAD/CNH - 1H - Technical analysis published on 03/28/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Additional analysis
Quotes
CAD/CNH rating 5.03924 CNH. On the day, this instrument lost -0.03% and was traded between 5.02765 CNH and 5.05167 CNH over the period. The price is currently at +0.23% from its lowest and -0.25% from its highest.A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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 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
A technical analysis in 1H of this CAD/CNH chart shows a 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. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.01167 | 5.02126 | 5.03295 | 5.03924 | 5.12783 | 5.18485 | 5.33866 |
| Change (%) | -0.55% | -0.36% | -0.12% | - | +1.76% | +2.89% | +5.94% |
| Change | -0.02757 | -0.01798 | -0.00629 | - | +0.08859 | +0.14561 | +0.29942 |
| Level | Intermediate | Minor | Major | - | Intermediate | Major | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.96936 | 4.98414 | 5.01240 | 5.02718 | 5.05544 | 5.07022 | 5.09848 |
| Camarilla | 5.02883 | 5.03278 | 5.03673 | 5.04067 | 5.04462 | 5.04856 | 5.05251 |
| Woodie | 4.97611 | 4.98751 | 5.01915 | 5.03055 | 5.06219 | 5.07359 | 5.10523 |
| Fibonacci | 4.98414 | 5.00058 | 5.01074 | 5.02718 | 5.04362 | 5.05378 | 5.07022 |
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.90366 | 4.93882 | 4.96741 | 5.00257 | 5.03116 | 5.06632 | 5.09491 |
| Camarilla | 4.97847 | 4.98431 | 4.99016 | 4.99600 | 5.00184 | 5.00769 | 5.01353 |
| Woodie | 4.90038 | 4.93718 | 4.96413 | 5.00093 | 5.02788 | 5.06468 | 5.09163 |
| Fibonacci | 4.93882 | 4.96317 | 4.97822 | 5.00257 | 5.02692 | 5.04197 | 5.06632 |
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.93810 | 4.98741 | 5.04175 | 5.09106 | 5.14540 | 5.19471 | 5.24905 |
| Camarilla | 5.06759 | 5.07709 | 5.08659 | 5.09609 | 5.10559 | 5.11509 | 5.12459 |
| Woodie | 4.94062 | 4.98867 | 5.04427 | 5.09232 | 5.14792 | 5.19597 | 5.25157 |
| Fibonacci | 4.98741 | 5.02700 | 5.05147 | 5.09106 | 5.13065 | 5.15512 | 5.19471 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
| RSI (14): | 51.49 | |
| MACD (12,26,9): | 0.0039 | |
| Directional Movement: | -0.57374 | |
| AROON (14): | -14.28572 | |
| DEMA (21): | 5.04301 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.04890 | |
| Elder Ray (13): | -0.00297 | |
| Super Trend (3,10): | 5.04904 | |
| Zig ZAG (10): | 5.03499 | |
| VORTEX (21): | 1.0645 | |
| Stochastique (14,3,5): | 29.86 | |
| TEMA (21): | 5.03965 | |
| Williams %R (14): | -68.23 | |
| Chande Momentum Oscillator (20): | -0.00493 | |
| Repulse (5,40,3): | -0.0400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0197 | |
| Courbe Coppock: | 0.05 |
| MA7: | 5.01396 | |
| MA20: | 5.03426 | |
| MA50: | 5.06201 | |
| MA100: | 5.12186 | |
| MAexp7: | 5.03686 | |
| MAexp20: | 5.03622 | |
| MAexp50: | 5.02520 | |
| MAexp100: | 5.01753 | |
| Price / MA7: | +0.50% | |
| Price / MA20: | +0.10% | |
| Price / MA50: | -0.45% | |
| Price / MA100: | -1.61% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.29% | |
| Price / MAexp100: | +0.44% |
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