CAD/CHF - 1H - Technical analysis published on 11/15/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
72%
6%
22%
My opinion
Bullish above 0.7471 CHF
My targets
0.7500 CHF (+0.27%)
0.7516 CHF (+0.48%)
My analysis
The strong short-term increase in CAD/CHF calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 0.7471 CHF, you could consider taking advantage of the short-term movement. The first bullish objective is located at 0.7500 CHF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.7516 CHF as an objective. Crossing it would then enable buyers to target 0.7526 CHF. Caution, a return under 0.7471 CHF could jeopardize the reversal.
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
2.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/CHF price is 0.7480 CHF. The price registered an increase of +0.24% on the session and was traded between 0.7459 CHF and 0.7483 CHF over the period. The price is currently at +0.28% from its lowest and -0.04% from its highest.0.7459
0.7483
0.7480
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this CAD/CHF chart shows a slightly bearish trend. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.7447 | 0.7457 | 0.7471 | 0.7480 | 0.7500 | 0.7516 | 0.7526 |
| Change (%) | -0.44% | -0.31% | -0.12% | - | +0.27% | +0.48% | +0.61% |
| Change | -0.0033 | -0.0023 | -0.0009 | - | +0.0020 | +0.0036 | +0.0046 |
| Level | Major | Intermediate | Minor | - | Minor | Intermediate | Intermediate |
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 | 0.7407 | 0.7423 | 0.7443 | 0.7459 | 0.7479 | 0.7495 | 0.7515 |
| Camarilla | 0.7452 | 0.7455 | 0.7459 | 0.7462 | 0.7465 | 0.7469 | 0.7472 |
| Woodie | 0.7408 | 0.7424 | 0.7444 | 0.7460 | 0.7480 | 0.7496 | 0.7516 |
| Fibonacci | 0.7423 | 0.7437 | 0.7446 | 0.7459 | 0.7473 | 0.7482 | 0.7495 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7426 | 0.7462 | 0.7500 | 0.7536 | 0.7574 | 0.7610 | 0.7648 |
| Camarilla | 0.7519 | 0.7525 | 0.7532 | 0.7539 | 0.7546 | 0.7553 | 0.7559 |
| Woodie | 0.7428 | 0.7463 | 0.7502 | 0.7537 | 0.7576 | 0.7611 | 0.7650 |
| Fibonacci | 0.7462 | 0.7490 | 0.7507 | 0.7536 | 0.7564 | 0.7581 | 0.7610 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7198 | 0.7315 | 0.7403 | 0.7520 | 0.7608 | 0.7725 | 0.7813 |
| Camarilla | 0.7434 | 0.7452 | 0.7471 | 0.7490 | 0.7509 | 0.7528 | 0.7546 |
| Woodie | 0.7183 | 0.7308 | 0.7388 | 0.7513 | 0.7593 | 0.7718 | 0.7798 |
| Fibonacci | 0.7315 | 0.7394 | 0.7442 | 0.7520 | 0.7599 | 0.7647 | 0.7725 |
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): | 57.01 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 2.7111 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 0.7473 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.7482 | |
| Elder Ray (13): | 0.0002 | |
| Super Trend (3,10): | 0.7459 | |
| Zig ZAG (10): | 0.7481 | |
| VORTEX (21): | 1.0909 | |
| Stochastique (14,3,5): | 72.16 | |
| TEMA (21): | 0.7479 | |
| Williams %R (14): | -6.67 | |
| Chande Momentum Oscillator (20): | 0.0022 | |
| Repulse (5,40,3): | 0.1357 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0042 | |
| Courbe Coppock: | 0.56 |
| MA7: | 0.7500 | |
| MA20: | 0.7534 | |
| MA50: | 0.7512 | |
| MA100: | 0.7485 | |
| MAexp7: | 0.7474 | |
| MAexp20: | 0.7469 | |
| MAexp50: | 0.7471 | |
| MAexp100: | 0.7484 | |
| Price / MA7: | -0.27% | |
| Price / MA20: | -0.72% | |
| Price / MA50: | -0.43% | |
| Price / MA100: | -0.07% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.15% | |
| Price / MAexp50: | +0.12% | |
| Price / MAexp100: | -0.05% |
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 ReversalThis member declared not having a position on this financial instrument or a related financial instrument.
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