CAD/CHF - 1H - Technical analysis published on 12/06/2019 (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
83%
6%
11%
My opinion
Bullish above 0.7484 CHF
My targets
0.7526 CHF (+0.0023)
0.7536 CHF (+0.0033)
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 0.7484 CHF. The buyers” bullish objective is set at 0.7526 CHF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.7536 CHF. If there is any crossing, the next objective would be the resistance located at 0.7586 CHF. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.5
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/CHF rating is 0.7503 CHF. On the day, this instrument gained +0.16% with the lowest point at 0.7484 CHF and the highest point at 0.7505 CHF. The deviation from the price is +0.25% for the low point and -0.03% for the high point.0.7484
0.7505
0.7503
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.7462 | 0.7484 | 0.7500 | 0.7503 | 0.7526 | 0.7536 | 0.7586 |
| Change (%) | -0.55% | -0.25% | -0.04% | - | +0.31% | +0.44% | +1.11% |
| Change | -0.0041 | -0.0019 | -0.0003 | - | +0.0023 | +0.0033 | +0.0083 |
| Level | Minor | Intermediate | Minor | - | Major | Intermediate | Major |
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 | 0.7448 | 0.7467 | 0.7479 | 0.7498 | 0.7510 | 0.7529 | 0.7541 |
| Camarilla | 0.7483 | 0.7485 | 0.7488 | 0.7491 | 0.7494 | 0.7497 | 0.7500 |
| Woodie | 0.7445 | 0.7465 | 0.7476 | 0.7496 | 0.7507 | 0.7527 | 0.7538 |
| Fibonacci | 0.7467 | 0.7479 | 0.7486 | 0.7498 | 0.7510 | 0.7517 | 0.7529 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7444 | 0.7464 | 0.7496 | 0.7516 | 0.7548 | 0.7568 | 0.7600 |
| Camarilla | 0.7515 | 0.7520 | 0.7524 | 0.7529 | 0.7534 | 0.7539 | 0.7543 |
| Woodie | 0.7451 | 0.7467 | 0.7503 | 0.7519 | 0.7555 | 0.7571 | 0.7607 |
| Fibonacci | 0.7464 | 0.7484 | 0.7496 | 0.7516 | 0.7536 | 0.7548 | 0.7568 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7300 | 0.7362 | 0.7446 | 0.7508 | 0.7592 | 0.7654 | 0.7738 |
| Camarilla | 0.7489 | 0.7502 | 0.7516 | 0.7529 | 0.7542 | 0.7556 | 0.7569 |
| Woodie | 0.7310 | 0.7368 | 0.7456 | 0.7514 | 0.7602 | 0.7660 | 0.7748 |
| Fibonacci | 0.7362 | 0.7418 | 0.7453 | 0.7508 | 0.7564 | 0.7599 | 0.7654 |
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): | 62.49 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 15.9824 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 0.7497 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.7486 | |
| Elder Ray (13): | 0.0007 | |
| Super Trend (3,10): | 0.7480 | |
| Zig ZAG (10): | 0.7503 | |
| VORTEX (21): | 0.9662 | |
| Stochastique (14,3,5): | 88.98 | |
| TEMA (21): | 0.7495 | |
| Williams %R (14): | -9.52 | |
| Chande Momentum Oscillator (20): | 0.0013 | |
| Repulse (5,40,3): | 0.1700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0030 | |
| Courbe Coppock: | 0.07 |
| MA7: | 0.7487 | |
| MA20: | 0.7486 | |
| MA50: | 0.7511 | |
| MA100: | 0.7475 | |
| MAexp7: | 0.7498 | |
| MAexp20: | 0.7494 | |
| MAexp50: | 0.7487 | |
| MAexp100: | 0.7483 | |
| Price / MA7: | +0.21% | |
| Price / MA20: | +0.23% | |
| Price / MA50: | -0.11% | |
| Price / MA100: | +0.37% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.21% | |
| Price / MAexp100: | +0.27% |
News
The latest news and videos published on CAD/CHF at the time of the analysis were 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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