CAD/CHF - 1H - Technical analysis published on 02/02/2021 (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
78%
0%
22%
My opinion
Bullish above 0.6975 CHF
My targets
0.7021 CHF (+0.0015)
0.7039 CHF (+0.0033)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAD/CHF as long as the price remains well above 0.6975 CHF. The buyers” bullish objective is set at 0.7021 CHF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.7039 CHF. If there is any crossing, the next objective would be the resistance located at 0.7050 CHF. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.6
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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
CAD/CHF rating 0.7006 CHF. The price has increased by +0.40% since the last closing with the lowest point at 0.6974 CHF and the highest point at 0.7017 CHF. The deviation from the price is +0.46% for the low point and -0.16% for the high point.0.6974
0.7017
0.7006
Here is a more detailed summary of the historical variations registered by CAD/CHF:
Technical
A technical analysis in 1H of this CAD/CHF chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Resistance of triangle 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 | 0.6924 | 0.6975 | 0.7003 | 0.7006 | 0.7021 | 0.7039 | 0.7050 |
| Change (%) | -1.17% | -0.44% | -0.04% | - | +0.21% | +0.47% | +0.63% |
| Change | -0.0082 | -0.0031 | -0.0003 | - | +0.0015 | +0.0033 | +0.0044 |
| Level | Major | Major | Major | - | Intermediate | Minor | Minor |
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 | 0.6903 | 0.6928 | 0.6953 | 0.6978 | 0.7003 | 0.7028 | 0.7053 |
| Camarilla | 0.6964 | 0.6969 | 0.6973 | 0.6978 | 0.6983 | 0.6987 | 0.6992 |
| Woodie | 0.6903 | 0.6928 | 0.6953 | 0.6978 | 0.7003 | 0.7028 | 0.7053 |
| Fibonacci | 0.6928 | 0.6947 | 0.6959 | 0.6978 | 0.6997 | 0.7009 | 0.7028 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6832 | 0.6869 | 0.6920 | 0.6957 | 0.7008 | 0.7045 | 0.7096 |
| Camarilla | 0.6948 | 0.6956 | 0.6964 | 0.6972 | 0.6980 | 0.6988 | 0.6996 |
| Woodie | 0.6840 | 0.6873 | 0.6928 | 0.6961 | 0.7016 | 0.7049 | 0.7104 |
| Fibonacci | 0.6869 | 0.6902 | 0.6923 | 0.6957 | 0.6990 | 0.7011 | 0.7045 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6715 | 0.6801 | 0.6886 | 0.6972 | 0.7057 | 0.7143 | 0.7228 |
| Camarilla | 0.6925 | 0.6941 | 0.6956 | 0.6972 | 0.6988 | 0.7003 | 0.7019 |
| Woodie | 0.6716 | 0.6801 | 0.6887 | 0.6972 | 0.7058 | 0.7143 | 0.7229 |
| Fibonacci | 0.6801 | 0.6866 | 0.6906 | 0.6972 | 0.7037 | 0.7077 | 0.7143 |
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): | 60.29 | |
| MACD (12,26,9): | 0.0006 | |
| Directional Movement: | 4.2702 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 0.7004 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6986 | |
| Elder Ray (13): | 0.0007 | |
| Super Trend (3,10): | 0.6982 | |
| Zig ZAG (10): | 0.7008 | |
| VORTEX (21): | 1.1019 | |
| Stochastique (14,3,5): | 63.37 | |
| TEMA (21): | 0.7005 | |
| Williams %R (14): | -25.00 | |
| Chande Momentum Oscillator (20): | 0.0021 | |
| Repulse (5,40,3): | 0.1714 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0120 | |
| Courbe Coppock: | 0.60 |
| MA7: | 0.6968 | |
| MA20: | 0.6978 | |
| MA50: | 0.6957 | |
| MA100: | 0.6940 | |
| MAexp7: | 0.7002 | |
| MAexp20: | 0.6994 | |
| MAexp50: | 0.6982 | |
| MAexp100: | 0.6973 | |
| Price / MA7: | +0.55% | |
| Price / MA20: | +0.40% | |
| Price / MA50: | +0.70% | |
| Price / MA100: | +0.95% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +0.33% | |
| Price / MAexp100: | +0.46% |
Quotes :
2021-02-02 16:31:43
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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
Online
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