CAD/CHF - 1H - Technical analysis published on 09/11/2020 (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:
Neutral
De fond:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 0.6918 CHF
My targets
0.6888 CHF (-0.0020)
0.6821 CHF (-0.0087)
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 under the resistance located at 0.6918 CHF, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.6888 CHF would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.6821 CHF as an objective. Crossing it would then enable sellers to target 0.6772 CHF. If the resistance 0.6918 CHF were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.7
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This analysis was given by Remo. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/CHF price is 0.6908 CHF. The price has increased by +0.10% since the last closing and was between 0.6898 CHF and 0.6919 CHF. This implies that the price is at +0.14% from its lowest and at -0.16% from its highest.0.6898
0.6919
0.6908
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
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 under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
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 | 0.6682 | 0.6772 | 0.6888 | 0.6908 | 0.6918 | 0.6963 | 0.6988 |
| Change (%) | -3.27% | -1.97% | -0.29% | - | +0.14% | +0.80% | +1.16% |
| Change | -0.0226 | -0.0136 | -0.0020 | - | +0.0010 | +0.0055 | +0.0080 |
| Level | Major | Minor | Major | - | Intermediate | Minor | Major |
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 | 0.6826 | 0.6854 | 0.6878 | 0.6906 | 0.6930 | 0.6958 | 0.6982 |
| Camarilla | 0.6887 | 0.6892 | 0.6896 | 0.6901 | 0.6906 | 0.6911 | 0.6915 |
| Woodie | 0.6823 | 0.6853 | 0.6875 | 0.6905 | 0.6927 | 0.6957 | 0.6979 |
| Fibonacci | 0.6854 | 0.6874 | 0.6887 | 0.6906 | 0.6926 | 0.6939 | 0.6958 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6821 | 0.6858 | 0.6925 | 0.6962 | 0.7029 | 0.7066 | 0.7133 |
| Camarilla | 0.6964 | 0.6974 | 0.6984 | 0.6993 | 0.7003 | 0.7012 | 0.7022 |
| Woodie | 0.6837 | 0.6866 | 0.6941 | 0.6970 | 0.7045 | 0.7074 | 0.7149 |
| Fibonacci | 0.6858 | 0.6897 | 0.6922 | 0.6962 | 0.7001 | 0.7026 | 0.7066 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6722 | 0.6766 | 0.6850 | 0.6894 | 0.6978 | 0.7022 | 0.7106 |
| Camarilla | 0.6898 | 0.6910 | 0.6921 | 0.6933 | 0.6945 | 0.6957 | 0.6968 |
| Woodie | 0.6741 | 0.6776 | 0.6869 | 0.6904 | 0.6997 | 0.7032 | 0.7125 |
| Fibonacci | 0.6766 | 0.6815 | 0.6845 | 0.6894 | 0.6943 | 0.6973 | 0.7022 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.82 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | 1.9223 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 0.6904 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6898 | |
| Elder Ray (13): | 0.0006 | |
| Super Trend (3,10): | 0.6924 | |
| Zig ZAG (10): | 0.6919 | |
| VORTEX (21): | 1.0484 | |
| Stochastique (14,3,5): | 94.54 | |
| TEMA (21): | 0.6909 | |
| Williams %R (14): | -16.67 | |
| Chande Momentum Oscillator (20): | 0.0014 | |
| Repulse (5,40,3): | 0.0809 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0110 | |
| Courbe Coppock: | 0.26 |
| MA7: | 0.6942 | |
| MA20: | 0.6923 | |
| MA50: | 0.6903 | |
| MA100: | 0.6942 | |
| MAexp7: | 0.6908 | |
| MAexp20: | 0.6908 | |
| MAexp50: | 0.6919 | |
| MAexp100: | 0.6933 | |
| Price / MA7: | -0.49% | |
| Price / MA20: | -0.22% | |
| Price / MA50: | +0.07% | |
| Price / MA100: | -0.49% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | -0.16% | |
| Price / MAexp100: | -0.36% |
Quotes :
2020-09-11 08:17:08
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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 ReversalThis member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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