CAD/CHF

- CHF (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADCHF
ISIN:

CAD/CHF - Weekly - Technical analysis published on 03/01/2021 (GMT)

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Slightly bullish

Technical indicators

83%

17%

My opinion

Bullish above 0.7021 CHF

My targets

0.7240 CHF (+0.0084)

0.7424 CHF (+0.0268)

My analysis

The short-term increase currently reinforces the basic trend, which is only slightly 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 0.7021 CHF. The buyers” bullish objective is set at 0.7240 CHF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.7424 CHF. If there is any crossing, the next objective would be the resistance located at 0.7617 CHF.

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

5.5

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

Additional analysis

Quotes

The CAD/CHF rating is 0.7156 CHF. The price registered an increase of +0.73% over 5 days and has been traded over the last 5 days between 0.7126 CHF and 0.7274 CHF. This implies that the 5 day price is +0.42% from its lowest point and -1.62% from its highest point.

0.7126

0.7274

0.7156

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of this Weekly chart of CAD/CHF indicates that the overall trend is slightly bullish. 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Weekly

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

The Central Indicators scanner found this result concerning these indicators:

Ichimoku : price is over the cloud

Type : Bullish

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 : Weekly

Resistance of channel is broken

Type : Bullish

Timeframe : Weekly

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.6700	0.6885	0.7021	0.7156	0.7240	0.7424	0.7617
Change (%)	-6.37%	-3.79%	-1.89%	-	+1.17%	+3.75%	+6.44%
Change	-0.0456	-0.0271	-0.0135	-	+0.0084	+0.0268	+0.0461
Level	Major	Intermediate	Major	-	Minor	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.7047	0.7087	0.7109	0.7149	0.7171	0.7211	0.7233
Camarilla	0.7115	0.7121	0.7126	0.7132	0.7138	0.7143	0.7149
Woodie	0.7039	0.7083	0.7101	0.7145	0.7163	0.7207	0.7225
Fibonacci	0.7087	0.7110	0.7125	0.7149	0.7172	0.7187	0.7211

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6866	0.6976	0.7054	0.7164	0.7242	0.7352	0.7430
Camarilla	0.7080	0.7098	0.7115	0.7132	0.7149	0.7167	0.7184
Woodie	0.6850	0.6968	0.7038	0.7156	0.7226	0.7344	0.7414
Fibonacci	0.6976	0.7048	0.7092	0.7164	0.7236	0.7280	0.7352

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6644	0.6799	0.6965	0.7120	0.7286	0.7441	0.7607
Camarilla	0.7044	0.7073	0.7103	0.7132	0.7161	0.7191	0.7220
Woodie	0.6651	0.6802	0.6972	0.7123	0.7293	0.7444	0.7614
Fibonacci	0.6799	0.6921	0.6997	0.7120	0.7242	0.7318	0.7441

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):	66.49
MACD (12,26,9):	0.0039
Directional Movement:	19.1847
AROON (14):	64.2857
DEMA (21):	0.7046
Parabolic SAR (0,02-0,02-0,2):	0.6972
Elder Ray (13):	0.0117
Super Trend (3,10):	0.7156
Zig ZAG (10):	0.7155
VORTEX (21):	1.1281
Stochastique (14,3,5):	77.95
TEMA (21):	0.7107
Williams %R (14):	-28.88
Chande Momentum Oscillator (20):	0.0180
Repulse (5,40,3):	0.6711
ROCnROLL:	1
TRIX (15,9):	0.0342
Courbe Coppock:	3.76

MA7:	0.7158
MA20:	0.7080
MA50:	0.7004
MA100:	0.6974
MAexp7:	0.7075
MAexp20:	0.7008
MAexp50:	0.7026
MAexp100:	0.7141
Price / MA7:	-0.03%
Price / MA20:	+1.07%
Price / MA50:	+2.17%
Price / MA100:	+2.61%
Price / MAexp7:	+1.14%
Price / MAexp20:	+2.11%
Price / MAexp50:	+1.85%
Price / MAexp100:	+0.21%

Quotes : 2021-03-01 07:02:34 - 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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