Londinia Opportunities Analyses - 12/02/2022 (GMT) CAD/CNH - 1H

- CNH (-)
- Real time data - Forex
Type: Forex
Ticker: CADCNH
ISIN:

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
  • FX/Indices
  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 5.23069 CNH
My targets
5.18485 CNH (-0.02555)
5.09947 CNH (-0.11093)
My analysis
CAD/CNH is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 5.23069 CNH. The next support located at 5.18485 CNH is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 5.09947 CNH. Below this support, sellers could then target 5.04749 CNH. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
8.2

Analysis too old. There are no more charts available.

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Additional analysis

Quotes

The CAD/CNH price is 5.21040 CNH. On the day, this instrument lost -0.53% and was traded between 5.20733 CNH and 5.25312 CNH over the period. The price is currently at +0.06% from its lowest and -0.81% from its highest.

5.20733
5.25312
5.21040

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



The Central Volumes scanner detects abnormal volumes on the asset:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


A technical analysis in 1H of this CAD/CNH chart shows a sharp 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 4.99494 5.04749 5.18485 5.21040 5.23069 5.25207 5.28575
Change (%) -4.14% -3.13% -0.49% - +0.39% +0.80% +1.45%
Change -0.21546 -0.16291 -0.02555 - +0.02029 +0.04167 +0.07535
Level Major Minor 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
Standard5.171365.202235.220125.250995.268885.299755.31764
Camarilla5.224615.229085.233555.238025.242495.246965.25143
Woodie5.164885.198995.213645.247755.262405.296515.31116
Fibonacci5.202235.220855.232365.250995.269615.281125.29975


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.256735.287695.332515.363475.408295.439255.48407
Camarilla5.356505.363455.370395.377345.384295.391235.39818
Woodie5.263675.291165.339455.366945.415235.442725.49101
Fibonacci5.287695.316645.334525.363475.392425.410305.43925


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.977605.099475.172515.294385.367425.489295.56233
Camarilla5.191965.209835.227695.245565.263435.281295.29916
Woodie4.953205.087265.148115.282175.343025.477085.53793
Fibonacci5.099475.173925.219925.294385.368835.414835.48929

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): 34.07
MACD (12,26,9): -0.0092
Directional Movement: -13.08610
AROON (14): -92.85714
DEMA (21): 5.21485
Parabolic SAR (0,02-0,02-0,2): 5.22766
Elder Ray (13): -0.01111
Super Trend (3,10): 5.24125
Zig ZAG (10): 5.21028
VORTEX (21): 0.8778
Stochastique (14,3,5): 11.04
TEMA (21): 5.21135
Williams %R (14): -92.42
Chande Momentum Oscillator (20): -0.01199
Repulse (5,40,3): -0.1228
ROCnROLL: 2
TRIX (15,9): -0.0212
Courbe Coppock: 0.85
MA7: 5.29746
MA20: 5.32860
MA50: 5.28925
MA100: 5.28093
MAexp7: 5.21599
MAexp20: 5.22635
MAexp50: 5.24204
MAexp100: 5.26589
Price / MA7: -1.64%
Price / MA20: -2.22%
Price / MA50: -1.49%
Price / MA100: -1.34%
Price / MAexp7: -0.11%
Price / MAexp20: -0.30%
Price / MAexp50: -0.60%
Price / MAexp100: -1.05%

Quotes : - Real time data - Forex