CAD/CHF - 15 min. - Technical analysis published on 06/02/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 0.6726 CHF
My targets
0.6791 CHF (+0.0022)
0.6829 CHF (+0.0060)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAD/CHF as long as the price remains well above 0.6726 CHF. The buyers' bullish objective is set at 0.6791 CHF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.6829 CHF. If there is any crossing, the next objective would be the resistance located at 0.6927 CHF. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
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Additional analysis
Quotes
CAD/CHF rating 0.6769 CHF. The price registered an increase of +0.49% on the session and was between 0.6729 CHF and 0.6773 CHF. This implies that the price is at +0.59% from its lowest and at -0.06% from its highest.0.6729
0.6773
0.6769
Here is a more detailed summary of the historical variations registered by CAD/CHF:
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this CAD/CHF chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 15 minutes
Resistance of channel is broken
Type : Bullish
Timeframe : 15 minutes
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.6692 | 0.6731 | 0.6754 | 0.6769 | 0.6791 | 0.6927 | 0.7148 |
| Change (%) | -1.14% | -0.56% | -0.22% | - | +0.33% | +2.33% | +5.60% |
| Change | -0.0077 | -0.0038 | -0.0015 | - | +0.0022 | +0.0158 | +0.0379 |
| Level | Major | Minor | Intermediate | - | Intermediate | Major | 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 | 0.6634 | 0.6661 | 0.6699 | 0.6726 | 0.6764 | 0.6791 | 0.6829 |
| Camarilla | 0.6718 | 0.6724 | 0.6730 | 0.6736 | 0.6742 | 0.6748 | 0.6754 |
| Woodie | 0.6639 | 0.6664 | 0.6704 | 0.6729 | 0.6769 | 0.6794 | 0.6834 |
| Fibonacci | 0.6661 | 0.6686 | 0.6702 | 0.6726 | 0.6751 | 0.6767 | 0.6791 |
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 | 0.6291 | 0.6383 | 0.6546 | 0.6638 | 0.6801 | 0.6893 | 0.7056 |
| Camarilla | 0.6638 | 0.6661 | 0.6685 | 0.6708 | 0.6731 | 0.6755 | 0.6778 |
| Woodie | 0.6326 | 0.6401 | 0.6581 | 0.6656 | 0.6836 | 0.6911 | 0.7091 |
| Fibonacci | 0.6383 | 0.6481 | 0.6541 | 0.6638 | 0.6736 | 0.6796 | 0.6893 |
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): | 64.76 | |
| MACD (12,26,9): | 0.0005 | |
| Directional Movement: | 12.0789 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 0.6770 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6764 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 0.6758 | |
| Zig ZAG (10): | 0.6770 | |
| VORTEX (21): | 1.2472 | |
| Stochastique (14,3,5): | 83.92 | |
| TEMA (21): | 0.6771 | |
| Williams %R (14): | -16.67 | |
| Chande Momentum Oscillator (20): | 0.0008 | |
| Repulse (5,40,3): | -0.0344 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0091 | |
| Courbe Coppock: | 0.37 |
| MA7: | 0.6687 | |
| MA20: | 0.6667 | |
| MA50: | 0.6663 | |
| MA100: | 0.6752 | |
| MAexp7: | 0.6769 | |
| MAexp20: | 0.6764 | |
| MAexp50: | 0.6756 | |
| MAexp100: | 0.6747 | |
| Price / MA7: | +1.23% | |
| Price / MA20: | +1.53% | |
| Price / MA50: | +1.59% | |
| Price / MA100: | +0.25% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.19% | |
| Price / MAexp100: | +0.33% |
Quotes :
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Real time data
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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 ReversalThis member declared not having a position on this financial instrument or a related financial instrument.
About author
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