CAD/CHF - 1H - Technical analysis published on 04/21/2020 (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
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 0.6856 CHF
My targets
0.6828 CHF (-0.0007)
0.6769 CHF (-0.0066)
My analysis
CAD/CHF is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.6856 CHF. The next support located at 0.6828 CHF is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.6769 CHF. Below this support, sellers could then target 0.6682 CHF. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
6.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/CHF price is 0.6835 CHF. The price registered a decrease of -0.23% on the session with the lowest point at 0.6832 CHF and the highest point at 0.6863 CHF. The deviation from the price is +0.04% for the low point and -0.41% for the high point.0.6832
0.6863
0.6835
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
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 (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/CHF chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 5 are bullish, 5 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.6682 | 0.6769 | 0.6828 | 0.6835 | 0.6841 | 0.6856 | 0.6871 |
| Change (%) | -2.24% | -0.97% | -0.10% | - | +0.09% | +0.31% | +0.53% |
| Change | -0.0153 | -0.0066 | -0.0007 | - | +0.0006 | +0.0021 | +0.0036 |
| Level | Major | Minor | Intermediate | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7529 | 0.7544 | 0.7561 | 0.7576 | 0.7593 | 0.7608 | 0.7625 |
| Camarilla | 0.7569 | 0.7572 | 0.7575 | 0.7578 | 0.7581 | 0.7584 | 0.7587 |
| Woodie | 0.7530 | 0.7545 | 0.7562 | 0.7577 | 0.7594 | 0.7609 | 0.7626 |
| Fibonacci | 0.7544 | 0.7556 | 0.7564 | 0.7576 | 0.7588 | 0.7596 | 0.7608 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7280 | 0.7354 | 0.7454 | 0.7528 | 0.7628 | 0.7702 | 0.7802 |
| Camarilla | 0.7506 | 0.7522 | 0.7538 | 0.7554 | 0.7570 | 0.7586 | 0.7602 |
| Woodie | 0.7293 | 0.7361 | 0.7467 | 0.7535 | 0.7641 | 0.7709 | 0.7815 |
| Fibonacci | 0.7354 | 0.7421 | 0.7462 | 0.7528 | 0.7595 | 0.7636 | 0.7702 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.5893 | 0.6249 | 0.6539 | 0.6895 | 0.7185 | 0.7541 | 0.7831 |
| Camarilla | 0.6652 | 0.6712 | 0.6771 | 0.6830 | 0.6889 | 0.6948 | 0.7008 |
| Woodie | 0.5861 | 0.6233 | 0.6507 | 0.6879 | 0.7153 | 0.7525 | 0.7799 |
| Fibonacci | 0.6249 | 0.6495 | 0.6648 | 0.6895 | 0.7141 | 0.7294 | 0.7541 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.60 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | -3.0475 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 0.6858 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6841 | |
| Elder Ray (13): | -0.0013 | |
| Super Trend (3,10): | 0.6918 | |
| Zig ZAG (10): | 0.6844 | |
| VORTEX (21): | 0.9314 | |
| Stochastique (14,3,5): | 8.87 | |
| TEMA (21): | 0.6853 | |
| Williams %R (14): | -96.81 | |
| Chande Momentum Oscillator (20): | -0.0004 | |
| Repulse (5,40,3): | -0.1202 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0113 | |
| Courbe Coppock: | 0.02 |
| MA7: | 0.6975 | |
| MA20: | 0.6914 | |
| MA50: | 0.7011 | |
| MA100: | 0.7214 | |
| MAexp7: | 0.6855 | |
| MAexp20: | 0.6863 | |
| MAexp50: | 0.6871 | |
| MAexp100: | 0.6879 | |
| Price / MA7: | -2.01% | |
| Price / MA20: | -1.14% | |
| Price / MA50: | -2.51% | |
| Price / MA100: | -5.25% | |
| Price / MAexp7: | -0.29% | |
| Price / MAexp20: | -0.41% | |
| Price / MAexp50: | -0.52% | |
| Price / MAexp100: | -0.64% |
News
The last news published on CAD/CHF at the time of the generation of this analysis was as follows:
CAD/CHF Finds the Proper Blend of Fuel and Clearance for ReversalThis member declared not having a position on this financial instrument or a related financial instrument.
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