CAD/CHF - 1H - Technical analysis published on 11/19/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 0.6964 CHF
My targets
0.6982 CHF (+0.0011)
0.7013 CHF (+0.0042)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on CAD/CHF as long as the price remains well above 0.6964 CHF. The buyers” bullish objective is set at 0.6982 CHF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.7013 CHF. If there is any crossing, the next objective would be the resistance located at 0.7028 CHF. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
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
0
10
5.9
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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 price is 0.6971 CHF. On the day, this instrument gained +0.06% and was traded between 0.6955 CHF and 0.6983 CHF over the period. The price is currently at +0.23% from its lowest and -0.17% from its highest.0.6955
0.6983
0.6971
Here is a more detailed summary of the historical variations registered by CAD/CHF:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CAD/CHF in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
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 | 0.6904 | 0.6917 | 0.6964 | 0.6971 | 0.6982 | 0.7013 | 0.7028 |
| Change (%) | -0.96% | -0.77% | -0.10% | - | +0.16% | +0.60% | +0.82% |
| Change | -0.0067 | -0.0054 | -0.0007 | - | +0.0011 | +0.0042 | +0.0057 |
| Level | Minor | Minor | Major | - | Major | Intermediate | 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 | 0.6915 | 0.6932 | 0.6949 | 0.6966 | 0.6983 | 0.7000 | 0.7017 |
| Camarilla | 0.6958 | 0.6961 | 0.6964 | 0.6967 | 0.6970 | 0.6973 | 0.6976 |
| Woodie | 0.6916 | 0.6932 | 0.6950 | 0.6966 | 0.6984 | 0.7000 | 0.7018 |
| Fibonacci | 0.6932 | 0.6945 | 0.6953 | 0.6966 | 0.6979 | 0.6987 | 0.7000 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6705 | 0.6795 | 0.6871 | 0.6961 | 0.7037 | 0.7127 | 0.7203 |
| Camarilla | 0.6901 | 0.6917 | 0.6932 | 0.6947 | 0.6962 | 0.6977 | 0.6993 |
| Woodie | 0.6698 | 0.6792 | 0.6864 | 0.6958 | 0.7030 | 0.7124 | 0.7196 |
| Fibonacci | 0.6795 | 0.6858 | 0.6898 | 0.6961 | 0.7024 | 0.7064 | 0.7127 |
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): | 50.15 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 7.6803 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 0.6966 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6956 | |
| Elder Ray (13): | 0.0002 | |
| Super Trend (3,10): | 0.6947 | |
| Zig ZAG (10): | 0.6968 | |
| VORTEX (21): | 0.9624 | |
| Stochastique (14,3,5): | 62.75 | |
| TEMA (21): | 0.6967 | |
| Williams %R (14): | -60.71 | |
| Chande Momentum Oscillator (20): | 0.0005 | |
| Repulse (5,40,3): | -0.0822 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0012 | |
| Courbe Coppock: | 0.03 |
| MA7: | 0.6971 | |
| MA20: | 0.6937 | |
| MA50: | 0.6923 | |
| MA100: | 0.6914 | |
| MAexp7: | 0.6967 | |
| MAexp20: | 0.6965 | |
| MAexp50: | 0.6965 | |
| MAexp100: | 0.6966 | |
| Price / MA7: | -0% | |
| Price / MA20: | +0.49% | |
| Price / MA50: | +0.69% | |
| Price / MA100: | +0.82% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.07% | |
| Price / MAexp100: | +0.06% |
Quotes :
2020-11-19 16:41:28
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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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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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