CAD/CHF - 1H - Technical analysis published on 03/02/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
11%
56%
33%
My opinion
Bearish under 0.7183 CHF
My targets
0.7146 CHF (-0.0023)
My analysis
The bearish trend is currently very strong for CAD/CHF. As long as the price remains below the resistance at 0.7183 CHF, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.7146 CHF. The bearish momentum would be revived by a break in this support. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
FORCE
0
10
7.5
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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 0.7169 CHF. On the day, this instrument lost -0.50% with the lowest point at 0.7148 CHF and the highest point at 0.7250 CHF. The deviation from the price is +0.29% for the low point and -1.12% for the high point.0.7148
0.7250
0.7169
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CAD/CHF:
Technical
Technical analysis of CAD/CHF in 1H shows a overall strongly bearish trend. 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.
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
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 several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.7146 | 0.7169 | 0.7183 | 0.7313 | 0.7337 |
| Change (%) | -0.32% | - | +0.20% | +2.01% | +2.34% |
| Change | -0.0023 | - | +0.0014 | +0.0144 | +0.0168 |
| Level | Intermediate | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7060 | 0.7103 | 0.7154 | 0.7197 | 0.7248 | 0.7291 | 0.7342 |
| Camarilla | 0.7179 | 0.7188 | 0.7196 | 0.7205 | 0.7214 | 0.7222 | 0.7231 |
| Woodie | 0.7064 | 0.7105 | 0.7158 | 0.7199 | 0.7252 | 0.7293 | 0.7346 |
| Fibonacci | 0.7103 | 0.7139 | 0.7161 | 0.7197 | 0.7233 | 0.7255 | 0.7291 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6841 | 0.6994 | 0.7099 | 0.7252 | 0.7357 | 0.7510 | 0.7615 |
| Camarilla | 0.7134 | 0.7158 | 0.7181 | 0.7205 | 0.7229 | 0.7252 | 0.7276 |
| Woodie | 0.6818 | 0.6982 | 0.7076 | 0.7240 | 0.7334 | 0.7498 | 0.7592 |
| Fibonacci | 0.6994 | 0.7092 | 0.7153 | 0.7252 | 0.7350 | 0.7411 | 0.7510 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6787 | 0.6966 | 0.7086 | 0.7265 | 0.7385 | 0.7564 | 0.7684 |
| Camarilla | 0.7123 | 0.7150 | 0.7178 | 0.7205 | 0.7232 | 0.7260 | 0.7287 |
| Woodie | 0.6757 | 0.6951 | 0.7056 | 0.7250 | 0.7355 | 0.7549 | 0.7654 |
| Fibonacci | 0.6966 | 0.7081 | 0.7151 | 0.7265 | 0.7380 | 0.7450 | 0.7564 |
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): | 38.51 | |
| MACD (12,26,9): | -0.0007 | |
| Directional Movement: | -14.1984 | |
| AROON (14): | -21.4285 | |
| DEMA (21): | 0.7193 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.7248 | |
| Elder Ray (13): | -0.0040 | |
| Super Trend (3,10): | 0.7234 | |
| Zig ZAG (10): | 0.7168 | |
| VORTEX (21): | 0.8854 | |
| Stochastique (14,3,5): | 18.26 | |
| TEMA (21): | 0.7196 | |
| Williams %R (14): | -82.35 | |
| Chande Momentum Oscillator (20): | -0.0017 | |
| Repulse (5,40,3): | -0.5530 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0033 | |
| Courbe Coppock: | 0.19 |
| MA7: | 0.7291 | |
| MA20: | 0.7344 | |
| MA50: | 0.7386 | |
| MA100: | 0.7445 | |
| MAexp7: | 0.7187 | |
| MAexp20: | 0.7200 | |
| MAexp50: | 0.7221 | |
| MAexp100: | 0.7260 | |
| Price / MA7: | -1.67% | |
| Price / MA20: | -2.38% | |
| Price / MA50: | -2.94% | |
| Price / MA100: | -3.71% | |
| Price / MAexp7: | -0.25% | |
| Price / MAexp20: | -0.43% | |
| Price / MAexp50: | -0.72% | |
| Price / MAexp100: | -1.25% |
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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