CAD/CHF
CAD CHF
- CHF (-)
- Real time data - Forex
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Type: Forex
Ticker: CADCHF
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CAD/CHF - Daily - Technical analysis published on 04/13/2021 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Neutral
De fond: Bullish
Technical indicators
11%
50%
39%
My opinion
Bullish above 0.7250 CHF
My targets
0.7424 CHF (+0.0083)
0.7513 CHF (+0.0172)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.7250 CHF remains possible. It is advisable to trade CAD/CHF with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.7250 CHF. The next bullish objective for buyers is set at 0.7424 CHF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.7513 CHF. If there is any crossing, the next objective would be the resistance located at 0.7617 CHF. PS: if there is a bearish break in the support located at 0.7250 CHF we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
1.3

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. 1H Weekly

Additional analysis

Quotes

The CAD/CHF rating is 0.7341 CHF. The price registered a decrease of -0.01% on the session with the lowest point at 0.7339 CHF and the highest point at 0.7352 CHF. The deviation from the price is +0.03% for the low point and -0.15% for the high point.

0.7339
0.7352
0.7341

A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in Daily of this CAD/CHF chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily



Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily


MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily


RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily


Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily


Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : Daily



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : Daily


Support of channel is broken

Type : Bearish

Timeframe : Daily



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.6885 0.7021 0.7314 0.7341 0.7424 0.7513 0.7617
Change (%) -6.21% -4.36% -0.37% - +1.13% +2.34% +3.76%
Change -0.0456 -0.0320 -0.0027 - +0.0083 +0.0172 +0.0276
Level Major Major Intermediate - Major Major Major



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
Standard0.72680.73010.73220.73550.73760.74090.7430
Camarilla0.73270.73320.73370.73420.73470.73520.7357
Woodie0.72610.72980.73150.73520.73690.74060.7423
Fibonacci0.73010.73220.73350.73550.73760.73890.7409


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.71160.72240.73000.74080.74840.75920.7668
Camarilla0.73260.73430.73600.73770.73940.74110.7428
Woodie0.71010.72160.72850.74000.74690.75840.7653
Fibonacci0.72240.72940.73370.74080.74780.75210.7592


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.68490.69880.72500.73890.76510.77900.8052
Camarilla0.74030.74400.74760.75130.75500.75870.7623
Woodie0.69120.70190.73130.74200.77140.78210.8115
Fibonacci0.69880.71410.72360.73890.75420.76370.7790

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): 45.46
MACD (12,26,9): 0.0017
Directional Movement: -0.3446
AROON (14): -42.8572
DEMA (21): 0.7435
Parabolic SAR (0,02-0,02-0,2): 0.7481
Elder Ray (13): -0.0054
Super Trend (3,10): 0.7496
Zig ZAG (10): 0.7348
VORTEX (21): 0.9188
Stochastique (14,3,5): 12.46
TEMA (21): 0.7388
Williams %R (14): -91.41
Chande Momentum Oscillator (20): -0.0120
Repulse (5,40,3): -0.5108
ROCnROLL: -1
TRIX (15,9): 0.0916
Courbe Coppock: 1.26
MA7: 0.7381
MA20: 0.7428
MA50: 0.7284
MA100: 0.7121
MAexp7: 0.7379
MAexp20: 0.7395
MAexp50: 0.7302
MAexp100: 0.7185
Price / MA7: -0.54%
Price / MA20: -1.17%
Price / MA50: +0.78%
Price / MA100: +3.09%
Price / MAexp7: -0.51%
Price / MAexp20: -0.73%
Price / MAexp50: +0.53%
Price / MAexp100: +2.17%

Quotes : - 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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