CAD/CHF

- CHF (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADCHF
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CAD/CHF - Daily - Technical analysis published on 10/08/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Slightly bullish

Technical indicators

61%

33%

My opinion

Bullish above 0.6888 CHF

My targets

0.6971 CHF (+0.0028)

0.7169 CHF (+0.0226)

My analysis

The strong short-term increase for CAD/CHF reinforces the current slightly bullish trend. As long as the price remains above 0.6888 CHF, you could take advantage of this bullish acceleration. The first bullish objective is located at 0.6971 CHF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.7169 CHF as an objective. Crossing it would then enable buyers to target 0.7264 CHF. A return to 0.6888 CHF would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

3.9

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 Jlozano2012. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

CAD/CHF rating 0.6943 CHF. On the day, this instrument gained +0.39% with the lowest point at 0.6912 CHF and the highest point at 0.6946 CHF. The deviation from the price is +0.45% for the low point and -0.04% for the high point.

0.6912

0.6946

0.6943

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 Daily shows an overall slightly bullish trend. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.6682	0.6772	0.6888	0.6943	0.6971	0.7169	0.7264
Change (%)	-3.76%	-2.46%	-0.79%	-	+0.40%	+3.26%	+4.62%
Change	-0.0261	-0.0171	-0.0055	-	+0.0028	+0.0226	+0.0321
Level	Major	Intermediate	Intermediate	-	Intermediate	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6851	0.6866	0.6891	0.6906	0.6931	0.6946	0.6971
Camarilla	0.6905	0.6909	0.6912	0.6916	0.6920	0.6923	0.6927
Woodie	0.6856	0.6869	0.6896	0.6909	0.6936	0.6949	0.6976
Fibonacci	0.6866	0.6881	0.6891	0.6906	0.6921	0.6931	0.6946

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6778	0.6818	0.6868	0.6908	0.6958	0.6998	0.7048
Camarilla	0.6892	0.6901	0.6909	0.6917	0.6925	0.6934	0.6942
Woodie	0.6782	0.6821	0.6872	0.6911	0.6962	0.7001	0.7052
Fibonacci	0.6818	0.6853	0.6874	0.6908	0.6943	0.6964	0.6998

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6699	0.6779	0.6849	0.6929	0.6999	0.7079	0.7149
Camarilla	0.6878	0.6892	0.6905	0.6919	0.6933	0.6947	0.6960
Woodie	0.6694	0.6777	0.6844	0.6927	0.6994	0.7077	0.7144
Fibonacci	0.6779	0.6836	0.6872	0.6929	0.6986	0.7022	0.7079

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):	54.10
MACD (12,26,9):	0.0000
Directional Movement:	-1.5025
AROON (14):	-7.1429
DEMA (21):	0.6913
Parabolic SAR (0,02-0,02-0,2):	0.6859
Elder Ray (13):	0.0013
Super Trend (3,10):	0.6846
Zig ZAG (10):	0.6940
VORTEX (21):	0.9878
Stochastique (14,3,5):	62.22
TEMA (21):	0.6915
Williams %R (14):	-4.44
Chande Momentum Oscillator (20):	0.0025
Repulse (5,40,3):	0.8307
ROCnROLL:	1
TRIX (15,9):	-0.0001
Courbe Coppock:	0.29

MA7:	0.6914
MA20:	0.6908
MA50:	0.6902
MA100:	0.6938
MAexp7:	0.6916
MAexp20:	0.6913
MAexp50:	0.6914
MAexp100:	0.6940
Price / MA7:	+0.42%
Price / MA20:	+0.51%
Price / MA50:	+0.59%
Price / MA100:	+0.07%
Price / MAexp7:	+0.39%
Price / MAexp20:	+0.43%
Price / MAexp50:	+0.42%
Price / MAexp100:	+0.04%

Quotes : 2020-10-08 13:41:19 - Real time data - 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 Reversal

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

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