CAD/CHF - 1H - Technical analysis published on 09/28/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 0.6918 CHF
My targets
0.6967 CHF (+0.0025)
0.6998 CHF (+0.0056)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAD/CHF as long as the price remains well above 0.6918 CHF. The buyers” bullish objective is set at 0.6967 CHF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.6998 CHF. If there is any crossing, the next objective would be the resistance located at 0.7169 CHF. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.7
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CAD/CHF rating 0.6942 CHF. The price has increased by +0.07% since the last closing and was between 0.6933 CHF and 0.6942 CHF. This implies that the price is at +0.13% from its lowest and at 0% from its highest.0.6933
0.6942
0.6942
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
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
A technical analysis in 1H of this CAD/CHF chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 0.6888 | 0.6895 | 0.6918 | 0.6942 | 0.6946 | 0.6998 | 0.7169 |
| Change (%) | -0.78% | -0.68% | -0.35% | - | +0.06% | +0.81% | +3.27% |
| Change | -0.0054 | -0.0047 | -0.0024 | - | +0.0004 | +0.0056 | +0.0227 |
| Level | Major | Minor | Intermediate | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6910 | 0.6917 | 0.6927 | 0.6934 | 0.6944 | 0.6951 | 0.6961 |
| Camarilla | 0.6932 | 0.6934 | 0.6935 | 0.6937 | 0.6939 | 0.6940 | 0.6942 |
| Woodie | 0.6912 | 0.6918 | 0.6929 | 0.6935 | 0.6946 | 0.6952 | 0.6963 |
| Fibonacci | 0.6917 | 0.6924 | 0.6928 | 0.6934 | 0.6941 | 0.6945 | 0.6951 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6801 | 0.6833 | 0.6884 | 0.6916 | 0.6967 | 0.6999 | 0.7050 |
| Camarilla | 0.6913 | 0.6921 | 0.6928 | 0.6936 | 0.6944 | 0.6951 | 0.6959 |
| Woodie | 0.6812 | 0.6838 | 0.6895 | 0.6921 | 0.6978 | 0.7004 | 0.7061 |
| Fibonacci | 0.6833 | 0.6864 | 0.6884 | 0.6916 | 0.6947 | 0.6967 | 0.6999 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 51.92 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | -1.9997 | |
| AROON (14): | -7.1429 | |
| DEMA (21): | 0.6938 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6940 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 0.6919 | |
| Zig ZAG (10): | 0.6936 | |
| VORTEX (21): | 1.0051 | |
| Stochastique (14,3,5): | 64.91 | |
| TEMA (21): | 0.6936 | |
| Williams %R (14): | -26.32 | |
| Chande Momentum Oscillator (20): | 0.0006 | |
| Repulse (5,40,3): | 0.0093 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0050 | |
| Courbe Coppock: | 0.05 |
| MA7: | 0.6923 | |
| MA20: | 0.6926 | |
| MA50: | 0.6897 | |
| MA100: | 0.6940 | |
| MAexp7: | 0.6937 | |
| MAexp20: | 0.6935 | |
| MAexp50: | 0.6928 | |
| MAexp100: | 0.6918 | |
| Price / MA7: | +0.27% | |
| Price / MA20: | +0.23% | |
| Price / MA50: | +0.65% | |
| Price / MA100: | +0.03% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.20% | |
| Price / MAexp100: | +0.35% |
Quotes :
2020-09-28 01:32:51
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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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