CAD/CHF - 1H - Technical analysis published on 10/29/2020 (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%
11%
22%
My opinion
Bearish under 0.6888 CHF
My targets
0.6827 CHF (-0.0025)
0.6773 CHF (-0.0079)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.6888 CHF remains possible. It is advisable to trade CAD/CHF with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.6888 CHF. The next bearish objective for sellers is set at 0.6827 CHF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.6773 CHF. In case of crossing, the next objective would be the support located at 0.6682 CHF. PS: if there is a bullish break in the resistance located at 0.6888 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
2.1
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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
The CAD/CHF rating is 0.6852 CHF. On the day, this instrument gained +0.15% and was between 0.6836 CHF and 0.6852 CHF. This implies that the price is at +0.23% from its lowest and at 0% from its highest.0.6836
0.6852
0.6852
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAD/CHF indicates that the overall trend is bearish. 78.57% 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 several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.6682 | 0.6773 | 0.6827 | 0.6852 | 0.6888 | 0.6905 | 0.6925 |
| Change (%) | -2.48% | -1.15% | -0.36% | - | +0.53% | +0.77% | +1.07% |
| Change | -0.0170 | -0.0079 | -0.0025 | - | +0.0036 | +0.0053 | +0.0073 |
| Level | Minor | Major | Intermediate | - | 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 | 0.6740 | 0.6783 | 0.6813 | 0.6856 | 0.6886 | 0.6929 | 0.6959 |
| Camarilla | 0.6822 | 0.6829 | 0.6835 | 0.6842 | 0.6849 | 0.6855 | 0.6862 |
| Woodie | 0.6733 | 0.6780 | 0.6806 | 0.6853 | 0.6879 | 0.6926 | 0.6952 |
| Fibonacci | 0.6783 | 0.6811 | 0.6828 | 0.6856 | 0.6884 | 0.6901 | 0.6929 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6700 | 0.6919 | 0.7031 | 0.7250 | 0.7362 | 0.7581 | 0.7693 |
| Camarilla | 0.7052 | 0.7082 | 0.7113 | 0.7143 | 0.7173 | 0.7204 | 0.7234 |
| Woodie | 0.6647 | 0.6892 | 0.6978 | 0.7223 | 0.7309 | 0.7554 | 0.7640 |
| Fibonacci | 0.6919 | 0.7045 | 0.7124 | 0.7250 | 0.7376 | 0.7455 | 0.7581 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7055 | 0.7276 | 0.7076 | 0.7297 | 0.7097 | 0.7318 | 0.7118 |
| Camarilla | 0.6870 | 0.6872 | 0.6874 | 0.6876 | 0.6878 | 0.6880 | 0.6882 |
| Woodie | 0.6845 | 0.7171 | 0.6866 | 0.7192 | 0.6887 | 0.7213 | 0.6908 |
| Fibonacci | 0.7276 | 0.7284 | 0.7289 | 0.7297 | 0.7305 | 0.7310 | 0.7318 |
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): | 41.49 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | -7.0124 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 0.6836 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6830 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 0.6867 | |
| Zig ZAG (10): | 0.6844 | |
| VORTEX (21): | 0.8143 | |
| Stochastique (14,3,5): | 78.85 | |
| TEMA (21): | 0.6836 | |
| Williams %R (14): | -21.05 | |
| Chande Momentum Oscillator (20): | 0.0008 | |
| Repulse (5,40,3): | 0.0249 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0231 | |
| Courbe Coppock: | 0.03 |
| MA7: | 0.6966 | |
| MA20: | 0.6937 | |
| MA50: | 0.6927 | |
| MA100: | 0.6922 | |
| MAexp7: | 0.6843 | |
| MAexp20: | 0.6848 | |
| MAexp50: | 0.6862 | |
| MAexp100: | 0.6874 | |
| Price / MA7: | -1.64% | |
| Price / MA20: | -1.23% | |
| Price / MA50: | -1.08% | |
| Price / MA100: | -1.01% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | -0.16% | |
| Price / MAexp100: | -0.33% |
Quotes :
2020-10-29 07:59:15
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Real time data
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Forex
News
The latest news and videos published on CAD/CHF at the time of the analysis were 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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