CAD/CHF - Daily - Technical analysis published on 03/25/2020 (GMT)
- Who voted?
- 252
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 0.7086 CHF
My targets
0.6682 CHF (-0.0192)
My analysis
The bearish trend is currently very strong for CAD/CHF. As long as the price remains below the resistance at 0.7086 CHF, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.6682 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.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
FORCE
0
10
5
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/CHF price is 0.6874 CHF. The price has increased by +1.25% since the last closing and was between 0.6787 CHF and 0.6899 CHF. This implies that the price is at +1.28% from its lowest and at -0.36% from its highest.0.6787
0.6899
0.6874
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a 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
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in Daily of this CAD/CHF chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a slightly bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.6682 | 0.6874 | 0.7183 | 0.7313 | 0.7444 |
| Change (%) | -2.79% | - | +4.50% | +6.39% | +8.29% |
| Change | -0.0192 | - | +0.0309 | +0.0439 | +0.0570 |
| Level | Major | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6631 | 0.6668 | 0.6729 | 0.6766 | 0.6827 | 0.6864 | 0.6925 |
| Camarilla | 0.6762 | 0.6771 | 0.6780 | 0.6789 | 0.6798 | 0.6807 | 0.6816 |
| Woodie | 0.6642 | 0.6674 | 0.6740 | 0.6772 | 0.6838 | 0.6870 | 0.6936 |
| Fibonacci | 0.6668 | 0.6706 | 0.6729 | 0.6766 | 0.6804 | 0.6827 | 0.6864 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6358 | 0.6481 | 0.6678 | 0.6801 | 0.6998 | 0.7121 | 0.7318 |
| Camarilla | 0.6787 | 0.6816 | 0.6846 | 0.6875 | 0.6904 | 0.6934 | 0.6963 |
| Woodie | 0.6395 | 0.6500 | 0.6715 | 0.6820 | 0.7035 | 0.7140 | 0.7355 |
| Fibonacci | 0.6481 | 0.6603 | 0.6679 | 0.6801 | 0.6923 | 0.6999 | 0.7121 |
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): | 42.64 | |
| MACD (12,26,9): | -0.0125 | |
| Directional Movement: | -10.2185 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 0.6757 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6617 | |
| Elder Ray (13): | -0.0018 | |
| Super Trend (3,10): | 0.7038 | |
| Zig ZAG (10): | 0.6881 | |
| VORTEX (21): | 0.7902 | |
| Stochastique (14,3,5): | 41.37 | |
| TEMA (21): | 0.6723 | |
| Williams %R (14): | -39.35 | |
| Chande Momentum Oscillator (20): | 0.0090 | |
| Repulse (5,40,3): | 2.3033 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2827 | |
| Courbe Coppock: | 8.04 |
| MA7: | 0.6795 | |
| MA20: | 0.6919 | |
| MA50: | 0.7189 | |
| MA100: | 0.7329 | |
| MAexp7: | 0.6824 | |
| MAexp20: | 0.6925 | |
| MAexp50: | 0.7118 | |
| MAexp100: | 0.7254 | |
| Price / MA7: | +1.16% | |
| Price / MA20: | -0.65% | |
| Price / MA50: | -4.38% | |
| Price / MA100: | -6.21% | |
| Price / MAexp7: | +0.73% | |
| Price / MAexp20: | -0.74% | |
| Price / MAexp50: | -3.43% | |
| Price / MAexp100: | -5.24% |
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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis CAD/CHF - Daily