CAD/CHF
CAD CHF
- CHF (-)
- Real time data - Forex
Open: -
Change: -
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Type: Forex
Ticker: CADCHF
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CAD/CHF - 1H - Technical analysis published on 01/14/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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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

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

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:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard0.69260.69440.69650.69830.70040.70220.7043
Camarilla0.69760.69800.69830.69870.69910.69940.6998
Woodie0.69290.69450.69680.69840.70070.70230.7046
Fibonacci0.69440.69590.69680.69830.69980.70070.7022


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.67970.68410.69070.69510.70170.70610.7127
Camarilla0.69420.69520.69620.69720.69820.69920.7002
Woodie0.68070.68470.69170.69570.70270.70670.7137
Fibonacci0.68410.68830.69090.69510.69930.70190.7061


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.67290.67960.68680.69350.70070.70740.7146
Camarilla0.69030.69160.69280.69410.69540.69670.6979
Woodie0.67330.67970.68720.69360.70110.70750.7150
Fibonacci0.67960.68490.68820.69350.69880.70210.7074

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 - 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:

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

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