CAD/CHF - 1H - Technical analysis published on 03/13/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 0.6787 CHF
My targets
0.6882 CHF (+0.0043)
0.6966 CHF (+0.0127)
My analysis
The basic trend is currently slightly bullish on CAD/CHF and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 0.6787 CHF, purchases could be favourable. The first bullish objective would be the resistance located at 0.6882 CHF. Then the price could move towards 0.6966 CHF. Then 0.7000 CHF by extension. A return under the support to 0.6787 CHF could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.
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
4.1
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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
CAD/CHF rating 0.6839 CHF. The price is lower by +0.99% since the last closing and was traded between 0.6766 CHF and 0.6903 CHF over the period. The price is currently at +1.08% from its lowest and -0.93% from its highest.0.6766
0.6903
0.6839
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/CHF chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. The overall trend remains fragile, as do the slightly bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.6672 | 0.6760 | 0.6839 | 0.6882 | 0.7000 | 0.7183 |
| Change (%) | -2.44% | -1.16% | - | +0.63% | +2.35% | +5.03% |
| Change | -0.0167 | -0.0079 | - | +0.0043 | +0.0161 | +0.0344 |
| Level | Minor | Intermediate | - | Intermediate | Minor | 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 | 0.6537 | 0.6643 | 0.6707 | 0.6813 | 0.6877 | 0.6983 | 0.7047 |
| Camarilla | 0.6725 | 0.6741 | 0.6756 | 0.6772 | 0.6788 | 0.6803 | 0.6819 |
| Woodie | 0.6517 | 0.6633 | 0.6687 | 0.6803 | 0.6857 | 0.6973 | 0.7027 |
| Fibonacci | 0.6643 | 0.6708 | 0.6748 | 0.6813 | 0.6878 | 0.6918 | 0.6983 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6553 | 0.6746 | 0.6863 | 0.7056 | 0.7173 | 0.7366 | 0.7483 |
| Camarilla | 0.6894 | 0.6922 | 0.6951 | 0.6979 | 0.7007 | 0.7036 | 0.7064 |
| Woodie | 0.6514 | 0.6727 | 0.6824 | 0.7037 | 0.7134 | 0.7347 | 0.7444 |
| Fibonacci | 0.6746 | 0.6865 | 0.6938 | 0.7056 | 0.7175 | 0.7248 | 0.7366 |
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): | 51.60 | |
| MACD (12,26,9): | 0.0012 | |
| Directional Movement: | 9.4430 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 0.6839 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6771 | |
| Elder Ray (13): | -0.0005 | |
| Super Trend (3,10): | 0.6777 | |
| Zig ZAG (10): | 0.6834 | |
| VORTEX (21): | 0.9984 | |
| Stochastique (14,3,5): | 52.80 | |
| TEMA (21): | 0.6850 | |
| Williams %R (14): | -49.64 | |
| Chande Momentum Oscillator (20): | 0.0068 | |
| Repulse (5,40,3): | -0.2554 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0142 | |
| Courbe Coppock: | 1.75 |
| MA7: | 0.6870 | |
| MA20: | 0.7157 | |
| MA50: | 0.7291 | |
| MA100: | 0.7389 | |
| MAexp7: | 0.6842 | |
| MAexp20: | 0.6827 | |
| MAexp50: | 0.6820 | |
| MAexp100: | 0.6844 | |
| Price / MA7: | -0.45% | |
| Price / MA20: | -4.44% | |
| Price / MA50: | -6.20% | |
| Price / MA100: | -7.44% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +0.26% | |
| Price / MAexp100: | -0.09% |
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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