CAD/CHF - 1H - Technical analysis published on 11/26/2019 (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:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 0.7491 CHF
My targets
0.7507 CHF (+0.09%)
0.7544 CHF (+0.59%)
My analysis
CAD/CHF is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.7491 CHF. The next resistance located at 0.7507 CHF is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.7544 CHF. After this resistance, buyers could then target 0.7586 CHF. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
7.9
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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 0.7500 CHF. On the day, this instrument gained +0.11% with the lowest point at 0.7483 CHF and the highest point at 0.7502 CHF. The deviation from the price is +0.23% for the low point and -0.03% for the high point.0.7483
0.7502
0.7500
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of CAD/CHF indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, 13 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.7466 | 0.7483 | 0.7491 | 0.7500 | 0.7507 | 0.7544 | 0.7586 |
| Change (%) | -0.45% | -0.23% | -0.12% | - | +0.09% | +0.59% | +1.15% |
| Change | -0.0034 | -0.0017 | -0.0009 | - | +0.0007 | +0.0044 | +0.0086 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Intermediate | 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 | 0.7456 | 0.7469 | 0.7481 | 0.7494 | 0.7506 | 0.7519 | 0.7531 |
| Camarilla | 0.7485 | 0.7487 | 0.7490 | 0.7492 | 0.7494 | 0.7497 | 0.7499 |
| Woodie | 0.7455 | 0.7469 | 0.7480 | 0.7494 | 0.7505 | 0.7519 | 0.7530 |
| Fibonacci | 0.7469 | 0.7479 | 0.7485 | 0.7494 | 0.7504 | 0.7510 | 0.7519 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7357 | 0.7391 | 0.7444 | 0.7478 | 0.7531 | 0.7565 | 0.7618 |
| Camarilla | 0.7473 | 0.7481 | 0.7489 | 0.7497 | 0.7505 | 0.7513 | 0.7521 |
| Woodie | 0.7367 | 0.7396 | 0.7454 | 0.7483 | 0.7541 | 0.7570 | 0.7628 |
| Fibonacci | 0.7391 | 0.7424 | 0.7445 | 0.7478 | 0.7511 | 0.7532 | 0.7565 |
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): | 59.01 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 10.6456 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 0.7493 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.7483 | |
| Elder Ray (13): | 0.0006 | |
| Super Trend (3,10): | 0.7506 | |
| Zig ZAG (10): | 0.7501 | |
| VORTEX (21): | 0.9809 | |
| Stochastique (14,3,5): | 72.96 | |
| TEMA (21): | 0.7491 | |
| Williams %R (14): | -10.53 | |
| Chande Momentum Oscillator (20): | 0.0006 | |
| Repulse (5,40,3): | 0.1683 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0026 | |
| Courbe Coppock: | 0.01 |
| MA7: | 0.7480 | |
| MA20: | 0.7498 | |
| MA50: | 0.7508 | |
| MA100: | 0.7480 | |
| MAexp7: | 0.7494 | |
| MAexp20: | 0.7493 | |
| MAexp50: | 0.7491 | |
| MAexp100: | 0.7486 | |
| Price / MA7: | +0.27% | |
| Price / MA20: | +0.03% | |
| Price / MA50: | -0.11% | |
| Price / MA100: | +0.27% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.12% | |
| Price / MAexp100: | +0.19% |
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.
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