CAD/CHF - 1H - Technical analysis published on 09/15/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bearish
Technical indicators
50%
0%
50%
My opinion
Bearish under 0.6918 CHF
My targets
0.6888 CHF (-0.0010)
0.6850 CHF (-0.0048)
My analysis
In a bearish trend, the price of CAD/CHF tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 0.6918 CHF. A bearish break in the support located at 0.6888 CHF would revive the bearish momentum and fuel the basic trend. Then the price could move towards 0.6850 CHF. Then 0.6772 CHF by extension. It would be safer to wait for a bearish break in the support located at 0.6888 CHF before allowing yourself to re trade short positions (for sale) on CAD/CHF. PS: if there is a bullish break in the resistance located at 0.6918 CHF we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
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
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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
CAD/CHF rating 0.6898 CHF. The price registered an increase of +0.06% on the session with the lowest point at 0.6888 CHF and the highest point at 0.6901 CHF. The deviation from the price is +0.15% for the low point and -0.04% for the high point.0.6888
0.6901
0.6898
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
A technical analysis in 1H of this CAD/CHF chart shows a bearish trend. The signals given by moving averages are at 64.29% bearish. This bearish trend could slow down given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.6682 | 0.6772 | 0.6888 | 0.6898 | 0.6918 | 0.6945 | 0.6958 |
| Change (%) | -3.13% | -1.83% | -0.14% | - | +0.29% | +0.68% | +0.87% |
| Change | -0.0216 | -0.0126 | -0.0010 | - | +0.0020 | +0.0047 | +0.0060 |
| Level | Major | Intermediate | Major | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6845 | 0.6861 | 0.6877 | 0.6893 | 0.6909 | 0.6925 | 0.6941 |
| Camarilla | 0.6885 | 0.6888 | 0.6891 | 0.6894 | 0.6897 | 0.6900 | 0.6903 |
| Woodie | 0.6846 | 0.6861 | 0.6878 | 0.6893 | 0.6910 | 0.6925 | 0.6942 |
| Fibonacci | 0.6861 | 0.6873 | 0.6880 | 0.6893 | 0.6905 | 0.6912 | 0.6925 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6724 | 0.6804 | 0.6850 | 0.6930 | 0.6976 | 0.7056 | 0.7102 |
| Camarilla | 0.6862 | 0.6874 | 0.6885 | 0.6897 | 0.6909 | 0.6920 | 0.6932 |
| Woodie | 0.6708 | 0.6796 | 0.6834 | 0.6922 | 0.6960 | 0.7048 | 0.7086 |
| Fibonacci | 0.6804 | 0.6852 | 0.6882 | 0.6930 | 0.6978 | 0.7008 | 0.7056 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 52.39 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 1.0710 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 0.6894 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6888 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 0.6909 | |
| Zig ZAG (10): | 0.6895 | |
| VORTEX (21): | 1.0658 | |
| Stochastique (14,3,5): | 88.00 | |
| TEMA (21): | 0.6897 | |
| Williams %R (14): | -6.25 | |
| Chande Momentum Oscillator (20): | 0.0008 | |
| Repulse (5,40,3): | 0.0192 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0009 | |
| Courbe Coppock: | 0.29 |
| MA7: | 0.6923 | |
| MA20: | 0.6926 | |
| MA50: | 0.6901 | |
| MA100: | 0.6941 | |
| MAexp7: | 0.6896 | |
| MAexp20: | 0.6894 | |
| MAexp50: | 0.6898 | |
| MAexp100: | 0.6909 | |
| Price / MA7: | -0.36% | |
| Price / MA20: | -0.40% | |
| Price / MA50: | -0.04% | |
| Price / MA100: | -0.62% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | -0% | |
| Price / MAexp100: | -0.16% |
Quotes :
2020-09-15 06:52:05
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Real time data
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Forex
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.
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