CAD/CHF - 1H - Technical analysis published on 01/29/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 0.7373 CHF
My targets
0.7414 CHF (+0.0018)
0.7425 CHF (+0.0029)
My analysis
The bullish trend is currently very strong on CAD/CHF. As long as the price remains above the support at 0.7373 CHF, you could try to benefit from the boom. The first bullish objective is located at 0.7414 CHF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.7425 CHF as an objective. Crossing it would then enable buyers to target 0.7441 CHF. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
7.1
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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 rating is 0.7396 CHF. On the day, this instrument gained +0.08% with the lowest point at 0.7386 CHF and the highest point at 0.7405 CHF. The deviation from the price is +0.14% for the low point and -0.12% for the high point.0.7386
0.7405
0.7396
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of CAD/CHF in 1H shows a strongly overall bullish trend. 89.29% 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 does not detect any result on moving averages that would impact this trend.
In fact, only 9 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.7313 | 0.7338 | 0.7373 | 0.7396 | 0.7398 | 0.7414 | 0.7425 |
| Change (%) | -1.12% | -0.78% | -0.31% | - | +0.03% | +0.24% | +0.39% |
| Change | -0.0083 | -0.0058 | -0.0023 | - | +0.0002 | +0.0018 | +0.0029 |
| Level | Major | Major | Major | - | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7281 | 0.7305 | 0.7348 | 0.7372 | 0.7415 | 0.7439 | 0.7482 |
| Camarilla | 0.7372 | 0.7378 | 0.7384 | 0.7390 | 0.7396 | 0.7402 | 0.7408 |
| Woodie | 0.7290 | 0.7310 | 0.7357 | 0.7377 | 0.7424 | 0.7444 | 0.7491 |
| Fibonacci | 0.7305 | 0.7331 | 0.7347 | 0.7372 | 0.7398 | 0.7414 | 0.7439 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7249 | 0.7298 | 0.7344 | 0.7393 | 0.7439 | 0.7488 | 0.7534 |
| Camarilla | 0.7365 | 0.7374 | 0.7382 | 0.7391 | 0.7400 | 0.7408 | 0.7417 |
| Woodie | 0.7249 | 0.7297 | 0.7344 | 0.7392 | 0.7439 | 0.7487 | 0.7534 |
| Fibonacci | 0.7298 | 0.7334 | 0.7356 | 0.7393 | 0.7429 | 0.7451 | 0.7488 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7265 | 0.7337 | 0.7394 | 0.7466 | 0.7523 | 0.7595 | 0.7652 |
| Camarilla | 0.7417 | 0.7428 | 0.7440 | 0.7452 | 0.7464 | 0.7476 | 0.7488 |
| Woodie | 0.7259 | 0.7333 | 0.7388 | 0.7462 | 0.7517 | 0.7591 | 0.7646 |
| Fibonacci | 0.7337 | 0.7386 | 0.7416 | 0.7466 | 0.7515 | 0.7545 | 0.7595 |
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): | 56.72 | |
| MACD (12,26,9): | 0.0008 | |
| Directional Movement: | 3.0512 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 0.7399 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.7405 | |
| Elder Ray (13): | -0.0003 | |
| Super Trend (3,10): | 0.7378 | |
| Zig ZAG (10): | 0.7394 | |
| VORTEX (21): | 1.2778 | |
| Stochastique (14,3,5): | 57.68 | |
| TEMA (21): | 0.7404 | |
| Williams %R (14): | -35.00 | |
| Chande Momentum Oscillator (20): | 0.0010 | |
| Repulse (5,40,3): | 0.0419 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0179 | |
| Courbe Coppock: | 0.45 |
| MA7: | 0.7383 | |
| MA20: | 0.7420 | |
| MA50: | 0.7450 | |
| MA100: | 0.7479 | |
| MAexp7: | 0.7395 | |
| MAexp20: | 0.7389 | |
| MAexp50: | 0.7380 | |
| MAexp100: | 0.7379 | |
| Price / MA7: | +0.18% | |
| Price / MA20: | -0.32% | |
| Price / MA50: | -0.72% | |
| Price / MA100: | -1.11% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.22% | |
| Price / MAexp100: | +0.23% |
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.
About author
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