CAD/CHF - 1H - Technical analysis published on 12/02/2021 (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
Short term:
Bullish
Underlying:
Bearish
Technical indicators
72%
0%
28%
My opinion
Bearish under 0.7234 CHF
My targets
0.7170 CHF (-0.0029)
0.7076 CHF (-0.0123)
My analysis
The basic trend is bearish on CAD/CHF and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 0.7234 CHF. Buyers would then use the next resistance located at 0.7318 CHF as an objective. Crossing it would then enable buyers to target 0.7355 CHF. If there is a return to below the support located at 0.7170 CHF, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 0.7076 CHF and 0.7020 CHF by extension.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0
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This analysis was given by sebanja. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/CHF price is 0.7199 CHF. The price has increased by +0.20% since the last closing with the lowest point at 0.7173 CHF and the highest point at 0.7213 CHF. The deviation from the price is +0.36% for the low point and -0.19% for the high point.0.7173
0.7213
0.7199
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 1H chart of CAD/CHF indicates that the overall trend is bearish. The signals given by moving averages are at 64.29% bearish. This bearish trend could slow down given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 13 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
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
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:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.6842 | 0.7020 | 0.7170 | 0.7199 | 0.7206 | 0.7234 | 0.7318 |
| Change (%) | -4.96% | -2.49% | -0.40% | - | +0.10% | +0.49% | +1.65% |
| Change | -0.0357 | -0.0179 | -0.0029 | - | +0.0007 | +0.0035 | +0.0119 |
| Level | Minor | Minor | Major | - | Minor | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7090 | 0.7128 | 0.7157 | 0.7195 | 0.7224 | 0.7262 | 0.7291 |
| Camarilla | 0.7167 | 0.7173 | 0.7179 | 0.7185 | 0.7191 | 0.7197 | 0.7203 |
| Woodie | 0.7085 | 0.7126 | 0.7152 | 0.7193 | 0.7219 | 0.7260 | 0.7286 |
| Fibonacci | 0.7128 | 0.7154 | 0.7170 | 0.7195 | 0.7221 | 0.7237 | 0.7262 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6948 | 0.7076 | 0.7146 | 0.7274 | 0.7344 | 0.7472 | 0.7542 |
| Camarilla | 0.7162 | 0.7180 | 0.7198 | 0.7216 | 0.7234 | 0.7252 | 0.7271 |
| Woodie | 0.6919 | 0.7062 | 0.7117 | 0.7260 | 0.7315 | 0.7458 | 0.7513 |
| Fibonacci | 0.7076 | 0.7152 | 0.7198 | 0.7274 | 0.7350 | 0.7396 | 0.7472 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6840 | 0.7003 | 0.7100 | 0.7263 | 0.7360 | 0.7523 | 0.7620 |
| Camarilla | 0.7127 | 0.7150 | 0.7174 | 0.7198 | 0.7222 | 0.7246 | 0.7270 |
| Woodie | 0.6808 | 0.6987 | 0.7068 | 0.7247 | 0.7328 | 0.7507 | 0.7588 |
| Fibonacci | 0.7003 | 0.7102 | 0.7163 | 0.7263 | 0.7362 | 0.7423 | 0.7523 |
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): | 51.14 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | 3.7268 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 0.7192 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.7174 | |
| Elder Ray (13): | 0.0005 | |
| Super Trend (3,10): | 0.7224 | |
| Zig ZAG (10): | 0.7199 | |
| VORTEX (21): | 0.9283 | |
| Stochastique (14,3,5): | 83.97 | |
| TEMA (21): | 0.7196 | |
| Williams %R (14): | -16.28 | |
| Chande Momentum Oscillator (20): | 0.0028 | |
| Repulse (5,40,3): | 0.2390 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0089 | |
| Courbe Coppock: | 0.27 |
| MA7: | 0.7260 | |
| MA20: | 0.7318 | |
| MA50: | 0.7365 | |
| MA100: | 0.7316 | |
| MAexp7: | 0.7200 | |
| MAexp20: | 0.7195 | |
| MAexp50: | 0.7205 | |
| MAexp100: | 0.7230 | |
| Price / MA7: | -0.84% | |
| Price / MA20: | -1.63% | |
| Price / MA50: | -2.25% | |
| Price / MA100: | -1.60% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | -0.08% | |
| Price / MAexp100: | -0.43% |
Quotes :
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Real time data
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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:
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.
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