CAD/CHF

- CHF (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADCHF
ISIN:

CAD/CHF - Daily - Technical analysis published on 11/11/2020 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Court terme: Bullish

De fond: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 0.6870 CHF

My targets

0.7077 CHF (+0.0051)

0.7169 CHF (+0.0143)

My analysis

The basic bullish trend is very strong on CAD/CHF but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.6870 CHF. Crossing the first resistance at 0.7077 CHF would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.7169 CHF as an objective. Crossing it would then enable buyers to target 0.7240 CHF. Caution, a return to below 0.6870 CHF would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating 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

7.9

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 Anasabbas1991. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CAD/CHF price is 0.7026 CHF. On the day, this instrument gained +0.07% and was between 0.7013 CHF and 0.7051 CHF. This implies that the price is at +0.19% from its lowest and at -0.35% from its highest.

0.7013

0.7051

0.7026

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:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this CAD/CHF chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 15 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 : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 2

Type : Neutral

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 : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.6772	0.6870	0.6998	0.7026	0.7077	0.7169	0.7240
Change (%)	-3.62%	-2.22%	-0.40%	-	+0.73%	+2.04%	+3.05%
Change	-0.0254	-0.0156	-0.0028	-	+0.0051	+0.0143	+0.0214
Level	Minor	Major	Major	-	Minor	Major	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6964	0.6986	0.7003	0.7025	0.7042	0.7064	0.7081
Camarilla	0.7010	0.7014	0.7017	0.7021	0.7025	0.7028	0.7032
Woodie	0.6963	0.6985	0.7002	0.7024	0.7041	0.7063	0.7080
Fibonacci	0.6986	0.7001	0.7010	0.7025	0.7040	0.7049	0.7064

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6729	0.6794	0.6842	0.6907	0.6955	0.7020	0.7068
Camarilla	0.6858	0.6868	0.6879	0.6889	0.6899	0.6910	0.6920
Woodie	0.6720	0.6790	0.6833	0.6903	0.6946	0.7016	0.7059
Fibonacci	0.6794	0.6838	0.6864	0.6907	0.6951	0.6977	0.7020

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6647	0.6732	0.6806	0.6891	0.6965	0.7050	0.7124
Camarilla	0.6835	0.6850	0.6864	0.6879	0.6894	0.6908	0.6923
Woodie	0.6641	0.6729	0.6800	0.6888	0.6959	0.7047	0.7118
Fibonacci	0.6732	0.6793	0.6831	0.6891	0.6952	0.6990	0.7050

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):	63.91
MACD (12,26,9):	0.0021
Directional Movement:	10.3930
AROON (14):	64.2857
DEMA (21):	0.6960
Parabolic SAR (0,02-0,02-0,2):	0.6871
Elder Ray (13):	0.0081
Super Trend (3,10):	0.6860
Zig ZAG (10):	0.7027
VORTEX (21):	1.0798
Stochastique (14,3,5):	89.04
TEMA (21):	0.6978
Williams %R (14):	-11.59
Chande Momentum Oscillator (20):	0.0149
Repulse (5,40,3):	0.6359
ROCnROLL:	1
TRIX (15,9):	0.0101
Courbe Coppock:	1.83

MA7:	0.6966
MA20:	0.6921
MA50:	0.6921
MA100:	0.6913
MAexp7:	0.6976
MAexp20:	0.6938
MAexp50:	0.6924
MAexp100:	0.6935
Price / MA7:	+0.86%
Price / MA20:	+1.52%
Price / MA50:	+1.52%
Price / MA100:	+1.63%
Price / MAexp7:	+0.72%
Price / MAexp20:	+1.27%
Price / MAexp50:	+1.47%
Price / MAexp100:	+1.31%

Quotes : 2020-11-11 16:28:20 - Real time data - 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 Reversal

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

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