CAD/CHF - 1H - Technical analysis published on 05/22/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 0.6938 CHF
My targets
0.6901 CHF (-0.0027)
0.6883 CHF (-0.0045)
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 0.6938 CHF. The next support located at 0.6901 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 0.6883 CHF. Below this support, sellers could then target 0.6826 CHF.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
5.9
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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 rating is 0.6928 CHF. On the day, this instrument gained -0.46% and was between 0.6917 CHF and 0.6963 CHF. This implies that the price is at +0.16% from its lowest and at -0.50% from its highest.0.6917
0.6963
0.6928
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 CAD/CHF in 1H shows an overall bearish trend. 75% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 0.6883 | 0.6901 | 0.6927 | 0.6928 | 0.6938 | 0.6960 | 0.6971 |
| Change (%) | -0.65% | -0.39% | -0.01% | - | +0.14% | +0.46% | +0.62% |
| Change | -0.0045 | -0.0027 | -0.0001 | - | +0.0010 | +0.0032 | +0.0043 |
| Level | Major | Minor | Minor | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6890 | 0.6909 | 0.6934 | 0.6953 | 0.6978 | 0.6997 | 0.7022 |
| Camarilla | 0.6948 | 0.6952 | 0.6956 | 0.6960 | 0.6964 | 0.6968 | 0.6972 |
| Woodie | 0.6894 | 0.6911 | 0.6938 | 0.6955 | 0.6982 | 0.6999 | 0.7026 |
| Fibonacci | 0.6909 | 0.6926 | 0.6936 | 0.6953 | 0.6970 | 0.6980 | 0.6997 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6745 | 0.6813 | 0.6851 | 0.6919 | 0.6957 | 0.7025 | 0.7063 |
| Camarilla | 0.6859 | 0.6869 | 0.6878 | 0.6888 | 0.6898 | 0.6907 | 0.6917 |
| Woodie | 0.6729 | 0.6806 | 0.6835 | 0.6912 | 0.6941 | 0.7018 | 0.7047 |
| Fibonacci | 0.6813 | 0.6854 | 0.6879 | 0.6919 | 0.6960 | 0.6985 | 0.7025 |
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): | 37.18 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | -8.5170 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 0.6933 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6918 | |
| Elder Ray (13): | -0.0009 | |
| Super Trend (3,10): | 0.6957 | |
| Zig ZAG (10): | 0.6922 | |
| VORTEX (21): | 0.8807 | |
| Stochastique (14,3,5): | 24.64 | |
| TEMA (21): | 0.6928 | |
| Williams %R (14): | -73.91 | |
| Chande Momentum Oscillator (20): | -0.0025 | |
| Repulse (5,40,3): | -0.0304 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0073 | |
| Courbe Coppock: | 0.76 |
| MA7: | 0.6942 | |
| MA20: | 0.6930 | |
| MA50: | 0.6886 | |
| MA100: | 0.7089 | |
| MAexp7: | 0.6935 | |
| MAexp20: | 0.6940 | |
| MAexp50: | 0.6945 | |
| MAexp100: | 0.6945 | |
| Price / MA7: | -0.20% | |
| Price / MA20: | -0.03% | |
| Price / MA50: | +0.61% | |
| Price / MA100: | -2.27% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | -0.19% | |
| Price / MAexp50: | -0.26% | |
| Price / MAexp100: | -0.26% |
News
The latest news and videos published on CAD/CHF at the time of the analysis were 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
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