CAD/CHF

- CHF (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADCHF
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CAD/CHF - Weekly - Technical analysis published on 08/26/2020 (GMT)

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Londinia

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Strongly bearish

Technical indicators

44%

22%

33%

My opinion

Bearish under 0.7169 CHF

My targets

0.6823 CHF (-0.0087)

0.6682 CHF (-0.0228)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CAD/CHF as long as the price remains well below 0.7169 CHF. The sellers” bearish objective is set at 0.6823 CHF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.6682 CHF. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

5.4

Comment on the analysis

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 pyxis2025. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CAD/CHF price is 0.6910 CHF. The price registered a decrease of -0.20% over 5 days and was traded between 0.6873 CHF and 0.6936 CHF over the period. The price is currently at +0.54% from its lowest point and -0.37% from its highest point.

0.6873

0.6936

0.6910

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 CAD/CHF:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Weekly of this CAD/CHF chart shows a sharp bearish trend. The signals given by moving averages are 92.86% 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, 8 are bullish, 6 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near support of triangle

Type : Bullish

Timeframe : Weekly

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.6682	0.6823	0.6910	0.7169	0.7424	0.7617
Change (%)	-3.30%	-1.26%	-	+3.75%	+7.44%	+10.23%
Change	-0.0228	-0.0087	-	+0.0259	+0.0514	+0.0707
Level	Major	Intermediate	-	Intermediate	Intermediate	Major

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	0.6854	0.6863	0.6881	0.6890	0.6908	0.6917	0.6935
Camarilla	0.6891	0.6893	0.6896	0.6898	0.6901	0.6903	0.6905
Woodie	0.6858	0.6865	0.6885	0.6892	0.6912	0.6919	0.6939
Fibonacci	0.6863	0.6874	0.6880	0.6890	0.6901	0.6907	0.6917

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6771	0.6807	0.6862	0.6898	0.6953	0.6989	0.7044
Camarilla	0.6893	0.6901	0.6910	0.6918	0.6926	0.6935	0.6943
Woodie	0.6782	0.6812	0.6873	0.6903	0.6964	0.6994	0.7055
Fibonacci	0.6807	0.6841	0.6863	0.6898	0.6932	0.6954	0.6989

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6445	0.6596	0.6703	0.6854	0.6961	0.7112	0.7219
Camarilla	0.6740	0.6764	0.6787	0.6811	0.6835	0.6858	0.6882
Woodie	0.6424	0.6585	0.6682	0.6843	0.6940	0.7101	0.7198
Fibonacci	0.6596	0.6694	0.6755	0.6854	0.6952	0.7013	0.7112

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):	44.62
MACD (12,26,9):	-0.0075
Directional Movement:	-6.2179
AROON (14):	-57.1429
DEMA (21):	0.6836
Parabolic SAR (0,02-0,02-0,2):	0.7087
Elder Ray (13):	-0.0006
Super Trend (3,10):	0.7233
Zig ZAG (10):	0.6909
VORTEX (21):	1.0525
Stochastique (14,3,5):	32.31
TEMA (21):	0.6853
Williams %R (14):	-64.33
Chande Momentum Oscillator (20):	-0.0259
Repulse (5,40,3):	0.2450
ROCnROLL:	-1
TRIX (15,9):	-0.1828
Courbe Coppock:	1.75

MA7:	0.6900
MA20:	0.6866
MA50:	0.6910
MA100:	0.6936
MAexp7:	0.6891
MAexp20:	0.6946
MAexp50:	0.7106
MAexp100:	0.7255
Price / MA7:	+0.14%
Price / MA20:	+0.64%
Price / MA50:	-0%
Price / MA100:	-0.37%
Price / MAexp7:	+0.28%
Price / MAexp20:	-0.52%
Price / MAexp50:	-2.76%
Price / MAexp100:	-4.76%

Quotes : 2020-08-26 16:05:08 - Real time data - Forex

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 Reversal

This member declared not having a position on this financial instrument or a related financial instrument.

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