CAD/CHF - 1H - Technical analysis published on 05/29/2023 (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:
Bullish
Underlying:
Slightly bullish
Technical indicators
67%
17%
17%
My opinion
Bullish above 0.6640 CHF
My targets
0.6682 CHF (+0.0031)
0.6701 CHF (+0.0050)
My analysis
The basic trend is currently slightly bullish on CAD/CHF and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 0.6640 CHF, purchases could be favourable. The first bullish objective would be the resistance located at 0.6682 CHF. Then the price could move towards 0.6701 CHF. Then 0.6720 CHF by extension. A return under the support to 0.6640 CHF could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.4
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Additional analysis
Quotes
The CAD/CHF rating is 0.6651 CHF. The price is lower by -0.02% since the last closing and was traded between 0.6637 CHF and 0.6660 CHF over the period. The price is currently at +0.21% from its lowest and -0.14% from its highest.0.6637
0.6660
0.6651
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 LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CAD/CHF in 1H shows an overall slightly bullish trend. 46.43% of the signals given by moving averages are bullish. The overall trend remains fragile, as do the slightly bullish signals given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
The Central Indicators scanner found this result concerning these indicators:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
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 | 0.6622 | 0.6640 | 0.6648 | 0.6651 | 0.6656 | 0.6682 | 0.6701 |
| Change (%) | -0.44% | -0.17% | -0.05% | - | +0.08% | +0.47% | +0.75% |
| Change | -0.0029 | -0.0011 | -0.0003 | - | +0.0005 | +0.0031 | +0.0050 |
| Level | Intermediate | Minor | Intermediate | - | Major | Major | Minor |
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 | 0.6592 | 0.6605 | 0.6629 | 0.6642 | 0.6666 | 0.6679 | 0.6703 |
| Camarilla | 0.6642 | 0.6645 | 0.6649 | 0.6652 | 0.6655 | 0.6659 | 0.6662 |
| Woodie | 0.6597 | 0.6608 | 0.6634 | 0.6645 | 0.6671 | 0.6682 | 0.6708 |
| Fibonacci | 0.6605 | 0.6620 | 0.6628 | 0.6642 | 0.6657 | 0.6665 | 0.6679 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6550 | 0.6585 | 0.6618 | 0.6653 | 0.6686 | 0.6721 | 0.6754 |
| Camarilla | 0.6633 | 0.6640 | 0.6646 | 0.6652 | 0.6658 | 0.6665 | 0.6671 |
| Woodie | 0.6550 | 0.6585 | 0.6618 | 0.6653 | 0.6686 | 0.6721 | 0.6754 |
| Fibonacci | 0.6585 | 0.6611 | 0.6627 | 0.6653 | 0.6679 | 0.6695 | 0.6721 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6150 | 0.6324 | 0.6462 | 0.6636 | 0.6774 | 0.6948 | 0.7086 |
| Camarilla | 0.6513 | 0.6542 | 0.6570 | 0.6599 | 0.6628 | 0.6656 | 0.6685 |
| Woodie | 0.6131 | 0.6315 | 0.6443 | 0.6627 | 0.6755 | 0.6939 | 0.7067 |
| Fibonacci | 0.6324 | 0.6444 | 0.6517 | 0.6636 | 0.6756 | 0.6829 | 0.6948 |
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): | 53.43 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 2.9302 | |
| AROON (14): | -42.8572 | |
| DEMA (21): | 0.6650 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6637 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 0.6632 | |
| Zig ZAG (10): | 0.6651 | |
| VORTEX (21): | 0.9872 | |
| Stochastique (14,3,5): | 66.67 | |
| TEMA (21): | 0.6650 | |
| Williams %R (14): | -34.78 | |
| Chande Momentum Oscillator (20): | -0.0002 | |
| Repulse (5,40,3): | 0.0625 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0024 | |
| Courbe Coppock: | 0.19 |
| MA7: | 0.6655 | |
| MA20: | 0.6635 | |
| MA50: | 0.6661 | |
| MA100: | 0.6759 | |
| MAexp7: | 0.6650 | |
| MAexp20: | 0.6649 | |
| MAexp50: | 0.6649 | |
| MAexp100: | 0.6651 | |
| Price / MA7: | -0.06% | |
| Price / MA20: | +0.24% | |
| Price / MA50: | -0.15% | |
| Price / MA100: | -1.60% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | -0% |
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
Online
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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