CAD/CHF - 1H - Technical analysis published on 01/14/2021 (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:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 0.6988 CHF
My targets
0.7021 CHF (+0.0020)
0.7077 CHF (+0.0076)
My analysis
CAD/CHF is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.6988 CHF. The next resistance located at 0.7021 CHF is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.7077 CHF. After this resistance, buyers could then target 0.7169 CHF. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.2
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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 0.7001 CHF. On the day, this instrument gained +0.20% with the lowest point at 0.6985 CHF and the highest point at 0.7003 CHF. The deviation from the price is +0.23% for the low point and -0.03% for the high point.0.6985
0.7003
0.7001
Here is a more detailed summary of the historical variations registered by CAD/CHF:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAD/CHF indicates that the overall trend is strongly bullish. 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 market scanner currently does not detect any result that concerns moving averages.
In fact, 12 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
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 | 0.6961 | 0.6977 | 0.6988 | 0.7001 | 0.7021 | 0.7077 | 0.7169 |
Change (%) | -0.57% | -0.34% | -0.19% | - | +0.29% | +1.09% | +2.40% |
Change | -0.0040 | -0.0024 | -0.0013 | - | +0.0020 | +0.0076 | +0.0168 |
Level | Intermediate | Minor | Intermediate | - | Intermediate | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.6926 | 0.6944 | 0.6965 | 0.6983 | 0.7004 | 0.7022 | 0.7043 |
Camarilla | 0.6976 | 0.6980 | 0.6983 | 0.6987 | 0.6991 | 0.6994 | 0.6998 |
Woodie | 0.6929 | 0.6945 | 0.6968 | 0.6984 | 0.7007 | 0.7023 | 0.7046 |
Fibonacci | 0.6944 | 0.6959 | 0.6968 | 0.6983 | 0.6998 | 0.7007 | 0.7022 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.6797 | 0.6841 | 0.6907 | 0.6951 | 0.7017 | 0.7061 | 0.7127 |
Camarilla | 0.6942 | 0.6952 | 0.6962 | 0.6972 | 0.6982 | 0.6992 | 0.7002 |
Woodie | 0.6807 | 0.6847 | 0.6917 | 0.6957 | 0.7027 | 0.7067 | 0.7137 |
Fibonacci | 0.6841 | 0.6883 | 0.6909 | 0.6951 | 0.6993 | 0.7019 | 0.7061 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.6729 | 0.6796 | 0.6868 | 0.6935 | 0.7007 | 0.7074 | 0.7146 |
Camarilla | 0.6903 | 0.6916 | 0.6928 | 0.6941 | 0.6954 | 0.6967 | 0.6979 |
Woodie | 0.6733 | 0.6797 | 0.6872 | 0.6936 | 0.7011 | 0.7075 | 0.7150 |
Fibonacci | 0.6796 | 0.6849 | 0.6882 | 0.6935 | 0.6988 | 0.7021 | 0.7074 |
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): | 61.06 | |
MACD (12,26,9): | 0.0006 | |
Directional Movement: | 6.3143 | |
AROON (14): | 78.5714 | |
DEMA (21): | 0.6997 | |
Parabolic SAR (0,02-0,02-0,2): | 0.6982 | |
Elder Ray (13): | 0.0004 | |
Super Trend (3,10): | 0.6972 | |
Zig ZAG (10): | 0.6997 | |
VORTEX (21): | 1.1337 | |
Stochastique (14,3,5): | 83.68 | |
TEMA (21): | 0.7000 | |
Williams %R (14): | -5.56 | |
Chande Momentum Oscillator (20): | 0.0008 | |
Repulse (5,40,3): | 0.0702 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0113 | |
Courbe Coppock: | 0.36 |
MA7: | 0.6972 | |
MA20: | 0.6936 | |
MA50: | 0.6952 | |
MA100: | 0.6935 | |
MAexp7: | 0.6997 | |
MAexp20: | 0.6990 | |
MAexp50: | 0.6981 | |
MAexp100: | 0.6973 | |
Price / MA7: | +0.42% | |
Price / MA20: | +0.94% | |
Price / MA50: | +0.70% | |
Price / MA100: | +0.95% | |
Price / MAexp7: | +0.07% | |
Price / MAexp20: | +0.17% | |
Price / MAexp50: | +0.30% | |
Price / MAexp100: | +0.42% |
Quotes :
2021-01-14 08:18:57
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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:
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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