CAD/CHF - 1H - Technical analysis published on 09/13/2022 (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:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 0.7352 CHF
My targets
0.7313 CHF (-0.0022)
0.7242 CHF (-0.0093)
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 0.7352 CHF. The next support located at 0.7313 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 0.7242 CHF. Below this support, sellers could then target 0.7155 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
7
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This analysis was given by mickaastrup. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/CHF rating is 0.7335 CHF. The price registered a decrease of -0.08% on the session with the lowest point at 0.7328 CHF and the highest point at 0.7344 CHF. The deviation from the price is +0.10% for the low point and -0.12% for the high point.0.7328
0.7344
0.7335
Here is a more detailed summary of the historical variations registered by CAD/CHF:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/CHF chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
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 channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.7155 | 0.7242 | 0.7313 | 0.7335 | 0.7352 | 0.7400 | 0.7453 |
| Change (%) | -2.45% | -1.27% | -0.30% | - | +0.23% | +0.89% | +1.61% |
| Change | -0.0180 | -0.0093 | -0.0022 | - | +0.0017 | +0.0065 | +0.0118 |
| Level | Major | Minor | Major | - | Intermediate | Intermediate | Major |
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 | 0.7262 | 0.7292 | 0.7317 | 0.7347 | 0.7372 | 0.7402 | 0.7427 |
| Camarilla | 0.7326 | 0.7331 | 0.7336 | 0.7341 | 0.7346 | 0.7351 | 0.7356 |
| Woodie | 0.7259 | 0.7291 | 0.7314 | 0.7346 | 0.7369 | 0.7401 | 0.7424 |
| Fibonacci | 0.7292 | 0.7313 | 0.7326 | 0.7347 | 0.7368 | 0.7381 | 0.7402 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7162 | 0.7257 | 0.7318 | 0.7413 | 0.7474 | 0.7569 | 0.7630 |
| Camarilla | 0.7336 | 0.7350 | 0.7365 | 0.7379 | 0.7393 | 0.7408 | 0.7422 |
| Woodie | 0.7145 | 0.7249 | 0.7301 | 0.7405 | 0.7457 | 0.7561 | 0.7613 |
| Fibonacci | 0.7257 | 0.7317 | 0.7353 | 0.7413 | 0.7473 | 0.7509 | 0.7569 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7112 | 0.7201 | 0.7326 | 0.7415 | 0.7540 | 0.7629 | 0.7754 |
| Camarilla | 0.7392 | 0.7412 | 0.7431 | 0.7451 | 0.7471 | 0.7490 | 0.7510 |
| Woodie | 0.7130 | 0.7210 | 0.7344 | 0.7424 | 0.7558 | 0.7638 | 0.7772 |
| Fibonacci | 0.7201 | 0.7283 | 0.7333 | 0.7415 | 0.7497 | 0.7547 | 0.7629 |
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): | 39.36 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | -14.3219 | |
| AROON (14): | -7.1428 | |
| DEMA (21): | 0.7332 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.7351 | |
| Elder Ray (13): | -0.0006 | |
| Super Trend (3,10): | 0.7363 | |
| Zig ZAG (10): | 0.7334 | |
| VORTEX (21): | 0.8945 | |
| Stochastique (14,3,5): | 30.24 | |
| TEMA (21): | 0.7333 | |
| Williams %R (14): | -67.86 | |
| Chande Momentum Oscillator (20): | -0.0001 | |
| Repulse (5,40,3): | -0.0015 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0164 | |
| Courbe Coppock: | 0.19 |
| MA7: | 0.7405 | |
| MA20: | 0.7419 | |
| MA50: | 0.7445 | |
| MA100: | 0.7516 | |
| MAexp7: | 0.7336 | |
| MAexp20: | 0.7343 | |
| MAexp50: | 0.7362 | |
| MAexp100: | 0.7388 | |
| Price / MA7: | -0.95% | |
| Price / MA20: | -1.13% | |
| Price / MA50: | -1.48% | |
| Price / MA100: | -2.41% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.11% | |
| Price / MAexp50: | -0.37% | |
| Price / MAexp100: | -0.72% |
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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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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