CHF/CNH - 1H - Technical analysis published on 06/09/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 7.88603 CNH
My targets
7.92396 CNH (+0.00221)
My analysis
The bullish trend is currently very strong on CHF/CNH. As long as the price remains above the support at 7.88603 CNH, you could try to benefit from the boom. The first bullish objective is located at 7.92396 CNH. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
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
The CHF/CNH rating is 7.92175 CNH. On the day, this instrument gained +0.00% with the lowest point at 7.91367 CNH and the highest point at 7.93777 CNH. The deviation from the price is +0.10% for the low point and -0.20% for the high point.7.91367
7.93777
7.92175
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHF/CNH:
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
Technical
A technical analysis in 1H of this CHF/CNH chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 7.82196 | 7.84374 | 7.88603 | 7.92175 |
| Change (%) | -1.26% | -0.98% | -0.45% | - |
| Change | -0.09979 | -0.07801 | -0.03572 | - |
| Level | Minor | Major | Minor | - |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 7.78989 | 7.81766 | 7.86988 | 7.89765 | 7.94987 | 7.97764 | 8.02986 |
| Camarilla | 7.90010 | 7.90744 | 7.91477 | 7.92210 | 7.92943 | 7.93677 | 7.94410 |
| Woodie | 7.80212 | 7.82377 | 7.88211 | 7.90376 | 7.96210 | 7.98375 | 8.04209 |
| Fibonacci | 7.81766 | 7.84822 | 7.86709 | 7.89765 | 7.92821 | 7.94708 | 7.97764 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.71654 | 7.75466 | 7.78568 | 7.82380 | 7.85482 | 7.89294 | 7.92396 |
| Camarilla | 7.79770 | 7.80403 | 7.81037 | 7.81671 | 7.82305 | 7.82939 | 7.83572 |
| Woodie | 7.71300 | 7.75289 | 7.78214 | 7.82203 | 7.85128 | 7.89117 | 7.92042 |
| Fibonacci | 7.75466 | 7.78107 | 7.79739 | 7.82380 | 7.85021 | 7.86653 | 7.89294 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.57384 | 7.64481 | 7.73304 | 7.80401 | 7.89224 | 7.96321 | 8.05144 |
| Camarilla | 7.77749 | 7.79208 | 7.80668 | 7.82127 | 7.83586 | 7.85046 | 7.86505 |
| Woodie | 7.58247 | 7.64913 | 7.74167 | 7.80833 | 7.90087 | 7.96753 | 8.06007 |
| Fibonacci | 7.64481 | 7.70562 | 7.74320 | 7.80401 | 7.86482 | 7.90240 | 7.96321 |
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): | 61.85 | |
| MACD (12,26,9): | 0.0140 | |
| Directional Movement: | 8.06329 | |
| AROON (14): | 92.85714 | |
| DEMA (21): | 7.93557 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.93777 | |
| Elder Ray (13): | -0.00102 | |
| Super Trend (3,10): | 7.90626 | |
| Zig ZAG (10): | 7.92480 | |
| VORTEX (21): | 1.2733 | |
| Stochastique (14,3,5): | 68.86 | |
| TEMA (21): | 7.93890 | |
| Williams %R (14): | -50.25 | |
| Chande Momentum Oscillator (20): | 0.00455 | |
| Repulse (5,40,3): | 0.0277 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0291 | |
| Courbe Coppock: | 0.50 |
| MA7: | 7.86840 | |
| MA20: | 7.83413 | |
| MA50: | 7.76150 | |
| MA100: | 7.58901 | |
| MAexp7: | 7.92801 | |
| MAexp20: | 7.91622 | |
| MAexp50: | 7.89337 | |
| MAexp100: | 7.87460 | |
| Price / MA7: | +0.68% | |
| Price / MA20: | +1.12% | |
| Price / MA50: | +2.06% | |
| Price / MA100: | +4.38% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.36% | |
| Price / MAexp100: | +0.60% |
Quotes :
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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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