CAD/CHF - 1H - Technical analysis published on 07/01/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
17%
28%
56%
My opinion
Bullish above 0.6949 CHF
My targets
0.6985 CHF (+0.0019)
0.6999 CHF (+0.0033)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CAD/CHF. As long as you are above the support located at 0.6949 CHF, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.6985 CHF would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.6999 CHF as an objective. Crossing it would then enable buyers to target 0.7019 CHF. If the support 0.6949 CHF were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2.5
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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 0.6966 CHF. The price registered a decrease of -0.16% on the session and was between 0.6961 CHF and 0.6993 CHF. This implies that the price is at +0.07% from its lowest and at -0.39% from its highest.0.6961
0.6993
0.6966
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/CHF chart shows a bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 3 are bullish, 10 are neutral and 5 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
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:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
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 | 0.6922 | 0.6940 | 0.6949 | 0.6966 | 0.6967 | 0.6985 | 0.6999 |
| Change (%) | -0.63% | -0.37% | -0.24% | - | +0.01% | +0.27% | +0.47% |
| Change | -0.0044 | -0.0026 | -0.0017 | - | +0.0001 | +0.0019 | +0.0033 |
| Level | Major | Minor | Minor | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6900 | 0.6918 | 0.6947 | 0.6965 | 0.6994 | 0.7012 | 0.7041 |
| Camarilla | 0.6964 | 0.6968 | 0.6973 | 0.6977 | 0.6981 | 0.6986 | 0.6990 |
| Woodie | 0.6907 | 0.6921 | 0.6954 | 0.6968 | 0.7001 | 0.7015 | 0.7048 |
| Fibonacci | 0.6918 | 0.6936 | 0.6947 | 0.6965 | 0.6983 | 0.6994 | 0.7012 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6784 | 0.6849 | 0.6888 | 0.6953 | 0.6992 | 0.7057 | 0.7096 |
| Camarilla | 0.6897 | 0.6907 | 0.6917 | 0.6926 | 0.6936 | 0.6945 | 0.6955 |
| Woodie | 0.6770 | 0.6843 | 0.6874 | 0.6947 | 0.6978 | 0.7051 | 0.7082 |
| Fibonacci | 0.6849 | 0.6889 | 0.6914 | 0.6953 | 0.6993 | 0.7018 | 0.7057 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6557 | 0.6732 | 0.6854 | 0.7029 | 0.7151 | 0.7326 | 0.7448 |
| Camarilla | 0.6895 | 0.6923 | 0.6950 | 0.6977 | 0.7004 | 0.7031 | 0.7059 |
| Woodie | 0.6532 | 0.6719 | 0.6829 | 0.7016 | 0.7126 | 0.7313 | 0.7423 |
| Fibonacci | 0.6732 | 0.6845 | 0.6915 | 0.7029 | 0.7142 | 0.7212 | 0.7326 |
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): | 49.79 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 2.7300 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 0.6982 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6991 | |
| Elder Ray (13): | -0.0004 | |
| Super Trend (3,10): | 0.6959 | |
| Zig ZAG (10): | 0.6970 | |
| VORTEX (21): | 1.0837 | |
| Stochastique (14,3,5): | 33.33 | |
| TEMA (21): | 0.6980 | |
| Williams %R (14): | -83.33 | |
| Chande Momentum Oscillator (20): | -0.0003 | |
| Repulse (5,40,3): | -0.0885 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0122 | |
| Courbe Coppock: | 0.08 |
| MA7: | 0.6960 | |
| MA20: | 0.7011 | |
| MA50: | 0.6979 | |
| MA100: | 0.6988 | |
| MAexp7: | 0.6978 | |
| MAexp20: | 0.6976 | |
| MAexp50: | 0.6967 | |
| MAexp100: | 0.6962 | |
| Price / MA7: | +0.09% | |
| Price / MA20: | -0.64% | |
| Price / MA50: | -0.19% | |
| Price / MA100: | -0.31% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | -0.01% | |
| Price / MAexp100: | +0.06% |
Quotes :
2020-07-01 14:54:23
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Real time data
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Forex
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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