CAD/CHF - 1H - Technical analysis published on 05/24/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 0.7454 CHF
My targets
0.7409 CHF (-0.0017)
0.7363 CHF (-0.0063)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CAD/CHF as long as the price remains well below 0.7454 CHF. The sellers' bearish objective is set at 0.7409 CHF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.7363 CHF. In case of crossing, the next objective would be the support located at 0.7314 CHF. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7.1
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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 0.7426 CHF. The price registered a decrease of -0.24% on the session and was between 0.7423 CHF and 0.7451 CHF. This implies that the price is at +0.04% from its lowest and at -0.34% from its highest.0.7423
0.7451
0.7426
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/CHF chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.7021 | 0.7314 | 0.7409 | 0.7426 | 0.7430 | 0.7454 | 0.7471 |
| Change (%) | -5.45% | -1.51% | -0.23% | - | +0.05% | +0.38% | +0.61% |
| Change | -0.0405 | -0.0112 | -0.0017 | - | +0.0004 | +0.0028 | +0.0045 |
| Level | Minor | Major | Minor | - | Intermediate | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7350 | 0.7379 | 0.7412 | 0.7441 | 0.7474 | 0.7503 | 0.7536 |
| Camarilla | 0.7427 | 0.7433 | 0.7438 | 0.7444 | 0.7450 | 0.7455 | 0.7461 |
| Woodie | 0.7351 | 0.7380 | 0.7413 | 0.7442 | 0.7475 | 0.7504 | 0.7537 |
| Fibonacci | 0.7379 | 0.7403 | 0.7418 | 0.7441 | 0.7465 | 0.7480 | 0.7503 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7316 | 0.7363 | 0.7403 | 0.7450 | 0.7490 | 0.7537 | 0.7577 |
| Camarilla | 0.7420 | 0.7428 | 0.7436 | 0.7444 | 0.7452 | 0.7460 | 0.7468 |
| Woodie | 0.7314 | 0.7361 | 0.7401 | 0.7448 | 0.7488 | 0.7535 | 0.7575 |
| Fibonacci | 0.7363 | 0.7396 | 0.7416 | 0.7450 | 0.7483 | 0.7503 | 0.7537 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7010 | 0.7133 | 0.7282 | 0.7405 | 0.7554 | 0.7677 | 0.7826 |
| Camarilla | 0.7355 | 0.7380 | 0.7405 | 0.7430 | 0.7455 | 0.7480 | 0.7505 |
| Woodie | 0.7022 | 0.7140 | 0.7294 | 0.7412 | 0.7566 | 0.7684 | 0.7838 |
| Fibonacci | 0.7133 | 0.7237 | 0.7301 | 0.7405 | 0.7509 | 0.7573 | 0.7677 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 41.47 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -10.3279 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 0.7438 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.7420 | |
| Elder Ray (13): | -0.0007 | |
| Super Trend (3,10): | 0.7461 | |
| Zig ZAG (10): | 0.7430 | |
| VORTEX (21): | 0.9327 | |
| Stochastique (14,3,5): | 58.54 | |
| TEMA (21): | 0.7434 | |
| Williams %R (14): | -89.29 | |
| Chande Momentum Oscillator (20): | -0.0014 | |
| Repulse (5,40,3): | -0.1181 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0013 | |
| Courbe Coppock: | 0.05 |
| MA7: | 0.7448 | |
| MA20: | 0.7438 | |
| MA50: | 0.7416 | |
| MA100: | 0.7255 | |
| MAexp7: | 0.7435 | |
| MAexp20: | 0.7438 | |
| MAexp50: | 0.7440 | |
| MAexp100: | 0.7444 | |
| Price / MA7: | -0.30% | |
| Price / MA20: | -0.16% | |
| Price / MA50: | +0.13% | |
| Price / MA100: | +2.36% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | -0.16% | |
| Price / MAexp50: | -0.19% | |
| Price / MAexp100: | -0.24% |
Quotes :
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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
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