CAD/CHF - 1H - Technical analysis published on 05/07/2020 (GMT)
- Who voted?
- 241
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- 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 bullish
De fond:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 0.6908 CHF
My targets
0.6968 CHF (+0.0032)
0.7033 CHF (+0.0097)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAD/CHF as long as the price remains well above 0.6908 CHF. The buyers” bullish objective is set at 0.6968 CHF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.7033 CHF. If there is any crossing, the next objective would be the resistance located at 0.7183 CHF. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.2
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/CHF price is 0.6936 CHF. On the day, this instrument gained +0.73% and was between 0.6886 CHF and 0.6945 CHF. This implies that the price is at +0.73% from its lowest and at -0.13% from its highest.0.6886
0.6945
0.6936
Here is a more detailed summary of the historical variations registered by CAD/CHF:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAD/CHF indicates that the overall trend is strongly bullish. 89.29% 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. An assessment of moving averages reveals a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.6864 | 0.6885 | 0.6908 | 0.6936 | 0.6942 | 0.6968 | 0.7033 |
| Change (%) | -1.04% | -0.74% | -0.40% | - | +0.09% | +0.46% | +1.40% |
| Change | -0.0072 | -0.0051 | -0.0028 | - | +0.0006 | +0.0032 | +0.0097 |
| Level | Minor | Intermediate | Minor | - | Major | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6795 | 0.6835 | 0.6861 | 0.6901 | 0.6927 | 0.6967 | 0.6993 |
| Camarilla | 0.6868 | 0.6874 | 0.6880 | 0.6886 | 0.6892 | 0.6898 | 0.6904 |
| Woodie | 0.6787 | 0.6832 | 0.6853 | 0.6898 | 0.6919 | 0.6964 | 0.6985 |
| Fibonacci | 0.6835 | 0.6861 | 0.6876 | 0.6901 | 0.6927 | 0.6942 | 0.6967 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6508 | 0.6655 | 0.6739 | 0.6886 | 0.6970 | 0.7117 | 0.7201 |
| Camarilla | 0.6760 | 0.6781 | 0.6802 | 0.6823 | 0.6844 | 0.6865 | 0.6887 |
| Woodie | 0.6477 | 0.6639 | 0.6708 | 0.6870 | 0.6939 | 0.7101 | 0.7170 |
| Fibonacci | 0.6655 | 0.6743 | 0.6798 | 0.6886 | 0.6974 | 0.7029 | 0.7117 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6516 | 0.6640 | 0.6784 | 0.6908 | 0.7052 | 0.7176 | 0.7320 |
| Camarilla | 0.6853 | 0.6878 | 0.6902 | 0.6927 | 0.6952 | 0.6976 | 0.7001 |
| Woodie | 0.6525 | 0.6645 | 0.6793 | 0.6913 | 0.7061 | 0.7181 | 0.7329 |
| Fibonacci | 0.6640 | 0.6743 | 0.6806 | 0.6908 | 0.7011 | 0.7074 | 0.7176 |
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): | 70.82 | |
| MACD (12,26,9): | 0.0008 | |
| Directional Movement: | 14.6712 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 0.6924 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6909 | |
| Elder Ray (13): | 0.0020 | |
| Super Trend (3,10): | 0.6902 | |
| Zig ZAG (10): | 0.6932 | |
| VORTEX (21): | 1.1948 | |
| Stochastique (14,3,5): | 86.92 | |
| TEMA (21): | 0.6926 | |
| Williams %R (14): | -18.18 | |
| Chande Momentum Oscillator (20): | 0.0035 | |
| Repulse (5,40,3): | -0.0351 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0030 | |
| Courbe Coppock: | 0.95 |
| MA7: | 0.6910 | |
| MA20: | 0.6906 | |
| MA50: | 0.6896 | |
| MA100: | 0.7147 | |
| MAexp7: | 0.6925 | |
| MAexp20: | 0.6916 | |
| MAexp50: | 0.6908 | |
| MAexp100: | 0.6904 | |
| Price / MA7: | +0.38% | |
| Price / MA20: | +0.43% | |
| Price / MA50: | +0.58% | |
| Price / MA100: | -2.95% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | +0.29% | |
| Price / MAexp50: | +0.41% | |
| Price / MAexp100: | +0.46% |
News
Don"t forget to follow the news on CAD/CHF. At the time of publication of this analysis, the latest news 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.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis CAD/CHF - 1H