CAD/CHF
CAD CHF
- CHF (-)
- Real time data - Forex
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Type: Forex
Ticker: CADCHF
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CAD/CHF - 1H - Technical analysis published on 07/25/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 0.6421 CHF
My targets
0.6382 CHF (-0.0016)
0.6352 CHF (-0.0046)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CAD/CHF as long as the price remains well below 0.6421 CHF. The sellers' bearish objective is set at 0.6382 CHF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.6352 CHF. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.7

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 world script ltda. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

CAD/CHF rating 0.6398 CHF. The price is lower by -0.17% since the last closing and was traded between 0.6394 CHF and 0.6411 CHF over the period. The price is currently at +0.06% from its lowest and -0.20% from its highest.

0.6394
0.6411
0.6398

Here is a more detailed summary of the historical variations registered by CAD/CHF:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of CAD/CHF indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is oversold : under 20

Type : Neutral

Timeframe : 1 hour


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S2
S1
R1
R2
R3
Price


S2S1PriceR1R2R3
ProTrendLines 0.6352 0.6382 0.6398 0.6400 0.6421 0.6447
Change (%) -0.72% -0.25% - +0.03% +0.36% +0.77%
Change -0.0046 -0.0016 - +0.0002 +0.0023 +0.0049
Level Major Minor - Intermediate Minor Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.63100.63550.63820.64270.64540.64990.6526
Camarilla0.63890.63960.64020.64090.64160.64220.6429
Woodie0.63010.63510.63730.64230.64450.64950.6517
Fibonacci0.63550.63830.64000.64270.64550.64720.6499


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.62960.63710.64230.64980.65500.66250.6677
Camarilla0.64390.64510.64620.64740.64860.64970.6509
Woodie0.62840.63650.64110.64920.65380.66190.6665
Fibonacci0.63710.64200.64500.64980.65470.65770.6625


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.62480.63420.64560.65500.66640.67580.6872
Camarilla0.65140.65330.65520.65710.65900.66090.6628
Woodie0.62590.63470.64670.65550.66750.67630.6883
Fibonacci0.63420.64210.64700.65500.66290.66780.6758

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 19.59
MACD (12,26,9): -0.0014
Directional Movement: -25.3010
AROON (14): -92.8571
DEMA (21): 0.6399
Parabolic SAR (0,02-0,02-0,2): 0.6420
Elder Ray (13): -0.0013
Super Trend (3,10): 0.6421
Zig ZAG (10): 0.6399
VORTEX (21): 0.6774
Stochastique (14,3,5): 7.14
TEMA (21): 0.6395
Williams %R (14): -92.00
Chande Momentum Oscillator (20): -0.0010
Repulse (5,40,3): -0.1040
ROCnROLL: 2
TRIX (15,9): -0.0321
Courbe Coppock: 0.79
MA7: 0.6448
MA20: 0.6534
MA50: 0.6556
MA100: 0.6591
MAexp7: 0.6404
MAexp20: 0.6418
MAexp50: 0.6439
MAexp100: 0.6457
Price / MA7: -0.78%
Price / MA20: -2.08%
Price / MA50: -2.41%
Price / MA100: -2.93%
Price / MAexp7: -0.09%
Price / MAexp20: -0.31%
Price / MAexp50: -0.64%
Price / MAexp100: -0.91%

Quotes : - Real time data - Forex

News


The latest news and videos published on CAD/CHF at the time of the analysis were as follows:

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

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