CAD/CHF

- CHF (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADCHF
ISIN:

CAD/CHF - Daily - Technical analysis published on 06/02/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

94%

My opinion

Bullish above 0.6692 CHF

My targets

0.6927 CHF (+0.0158)

0.7148 CHF (+0.0379)

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 0.6692 CHF. The buyers' bullish objective is set at 0.6927 CHF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.7148 CHF. If there is any crossing, the next objective would be the resistance located at 0.7376 CHF.

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

6.3

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

Additional analysis

Quotes

The CAD/CHF price is 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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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

Technical analysis of CAD/CHF in Daily shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

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 : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.6481	0.6692	0.6769	0.6791	0.6927	0.7148
Change (%)	-4.25%	-1.14%	-	+0.33%	+2.33%	+5.60%
Change	-0.0288	-0.0077	-	+0.0022	+0.0158	+0.0379
Level	Minor	Major	-	Intermediate	Major	Major

Attention could also be paid to pivot points to set price objectives:

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):	65.27
MACD (12,26,9):	0.0019
Directional Movement:	12.4660
AROON (14):	100.0000
DEMA (21):	0.6690
Parabolic SAR (0,02-0,02-0,2):	0.6648
Elder Ray (13):	0.0067
Super Trend (3,10):	0.6601
Zig ZAG (10):	0.6770
VORTEX (21):	1.2428
Stochastique (14,3,5):	89.21
TEMA (21):	0.6721
Williams %R (14):	-2.60
Chande Momentum Oscillator (20):	0.0097
Repulse (5,40,3):	1.4827
ROCnROLL:	1
TRIX (15,9):	0.0153
Courbe Coppock:	1.55

MA7:	0.6687
MA20:	0.6667
MA50:	0.6663
MA100:	0.6752
MAexp7:	0.6706
MAexp20:	0.6672
MAexp50:	0.6682
MAexp100:	0.6757
Price / MA7:	+1.23%
Price / MA20:	+1.53%
Price / MA50:	+1.59%
Price / MA100:	+0.25%
Price / MAexp7:	+0.94%
Price / MAexp20:	+1.45%
Price / MAexp50:	+1.30%
Price / MAexp100:	+0.18%

Quotes : - Real time data - 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 Reversal

This member declared not having a position on this financial instrument or a related financial instrument.

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