CAD/CHF

- CHF (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	CADCHF
ISIN:

CAD/CHF - 1H - Technical analysis published on 04/01/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

39%

22%

39%

My opinion

Bullish above 0.6647 CHF

My targets

0.6725 CHF (+0.0062)

0.6775 CHF (+0.0112)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.6647 CHF remains possible. It is advisable to trade CAD/CHF with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.6647 CHF. The next bullish objective for buyers is set at 0.6725 CHF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.6775 CHF. If there is any crossing, the next objective would be the resistance located at 0.6818 CHF. PS: if there is a bearish break in the support located at 0.6647 CHF we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

3.9

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

Additional analysis

Quotes

CAD/CHF rating 0.6663 CHF. On the day, this instrument gained +0.20% and was traded between 0.6650 CHF and 0.6673 CHF over the period. The price is currently at +0.20% from its lowest and -0.15% from its highest.

0.6650

0.6673

0.6663

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this CAD/CHF chart shows a bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

On the 18 technical indicators analysed, 7 are bullish, 7 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.6587	0.6606	0.6647	0.6663	0.6667	0.6818	0.7125
Change (%)	-1.14%	-0.86%	-0.24%	-	+0.06%	+2.33%	+6.93%
Change	-0.0076	-0.0057	-0.0016	-	+0.0004	+0.0155	+0.0462
Level	Intermediate	Intermediate	Major	-	Intermediate	Major	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6628	0.6639	0.6651	0.6662	0.6674	0.6685	0.6697
Camarilla	0.6657	0.6659	0.6661	0.6663	0.6665	0.6667	0.6669
Woodie	0.6629	0.6639	0.6652	0.6662	0.6675	0.6685	0.6698
Fibonacci	0.6639	0.6648	0.6653	0.6662	0.6671	0.6676	0.6685

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6514	0.6551	0.6601	0.6638	0.6688	0.6725	0.6775
Camarilla	0.6626	0.6634	0.6642	0.6650	0.6658	0.6666	0.6674
Woodie	0.6520	0.6554	0.6607	0.6641	0.6694	0.6728	0.6781
Fibonacci	0.6551	0.6585	0.6605	0.6638	0.6672	0.6692	0.6725

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6352	0.6422	0.6536	0.6606	0.6720	0.6790	0.6904
Camarilla	0.6599	0.6616	0.6633	0.6650	0.6667	0.6684	0.6701
Woodie	0.6374	0.6433	0.6558	0.6617	0.6742	0.6801	0.6926
Fibonacci	0.6422	0.6492	0.6536	0.6606	0.6676	0.6720	0.6790

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):	49.86
MACD (12,26,9):	0.0001
Directional Movement:	-0.7275
AROON (14):	14.2857
DEMA (21):	0.6663
Parabolic SAR (0,02-0,02-0,2):	0.6652
Elder Ray (13):	-0.0002
Super Trend (3,10):	0.6648
Zig ZAG (10):	0.6661
VORTEX (21):	1.0357
Stochastique (14,3,5):	63.49
TEMA (21):	0.6663
Williams %R (14):	-47.62
Chande Momentum Oscillator (20):	-0.0006
Repulse (5,40,3):	-0.0295
ROCnROLL:	-1
TRIX (15,9):	0.0014
Courbe Coppock:	0.11

MA7:	0.6642
MA20:	0.6572
MA50:	0.6519
MA100:	0.6476
MAexp7:	0.6663
MAexp20:	0.6662
MAexp50:	0.6661
MAexp100:	0.6653
Price / MA7:	+0.32%
Price / MA20:	+1.38%
Price / MA50:	+2.21%
Price / MA100:	+2.89%
Price / MAexp7:	-0%
Price / MAexp20:	+0.02%
Price / MAexp50:	+0.03%
Price / MAexp100:	+0.15%

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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