CAD/CHF

- CHF (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADCHF
ISIN:

CAD/CHF - Daily - Technical analysis published on 12/02/2021 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

78%

My opinion

Bearish under 0.7318 CHF

My targets

0.7020 CHF (-0.0164)

0.6842 CHF (-0.0342)

My analysis

CAD/CHF is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.7318 CHF. The next support located at 0.7020 CHF is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.6842 CHF. Below this support, sellers could then target 0.6700 CHF. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

7.3

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

Additional analysis

Quotes

CAD/CHF rating 0.7184 CHF. The price is lower by -0.01% since the last closing and was traded between 0.7156 CHF and 0.7213 CHF over the period. The price is currently at +0.39% from its lowest and -0.40% from its highest.

0.7156

0.7213

0.7184

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

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by CAD/CHF:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of CAD/CHF indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Moving Average bearish crossovers : AMA20 & AMA50

Type : Bearish

Timeframe : Daily

The probability of a further decline is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal support

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.6842	0.7020	0.7170	0.7184	0.7206	0.7318	0.7374
Change (%)	-4.76%	-2.28%	-0.19%	-	+0.31%	+1.87%	+2.64%
Change	-0.0342	-0.0164	-0.0014	-	+0.0022	+0.0134	+0.0190
Level	Minor	Minor	Major	-	Minor	Major	Intermediate

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	30.52
MACD (12,26,9):	-0.0044
Directional Movement:	-22.6505
AROON (14):	-78.5714
DEMA (21):	0.7254
Parabolic SAR (0,02-0,02-0,2):	0.7356
Elder Ray (13):	-0.0092
Super Trend (3,10):	0.7377
Zig ZAG (10):	0.7179
VORTEX (21):	0.8512
Stochastique (14,3,5):	9.77
TEMA (21):	0.7216
Williams %R (14):	-92.19
Chande Momentum Oscillator (20):	-0.0227
Repulse (5,40,3):	-1.3269
ROCnROLL:	2
TRIX (15,9):	-0.0450
Courbe Coppock:	2.74

MA7:	0.7255
MA20:	0.7316
MA50:	0.7364
MA100:	0.7316
MAexp7:	0.7238
MAexp20:	0.7301
MAexp50:	0.7332
MAexp100:	0.7332
Price / MA7:	-0.98%
Price / MA20:	-1.80%
Price / MA50:	-2.44%
Price / MA100:	-1.80%
Price / MAexp7:	-0.75%
Price / MAexp20:	-1.60%
Price / MAexp50:	-2.02%
Price / MAexp100:	-2.02%

Quotes : - Real time data - Forex

News

The last news published on CAD/CHF at the time of the generation of this analysis was 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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