CAD/CHF

- CHF (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADCHF
ISIN:

CAD/CHF - 1H - Technical analysis published on 02/28/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

72%

17%

My opinion

Bearish under 0.6482 CHF

My targets

0.6425 CHF (-0.0049)

0.6352 CHF (-0.0122)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CAD/CHF as long as the price remains well below 0.6482 CHF. The sellers' bearish objective is set at 0.6425 CHF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.6352 CHF. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

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

Comment on the analysis

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 dtaccori. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CAD/CHF rating is 0.6474 CHF. The price registered a decrease of -0.34% on the session and was between 0.6471 CHF and 0.6502 CHF. This implies that the price is at +0.05% from its lowest and at -0.43% from its highest.

0.6471

0.6502

0.6474

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H 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.

In fact, 13 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

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:

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 scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.6352	0.6425	0.6474	0.6482	0.6497	0.6502
Change (%)	-1.88%	-0.76%	-	+0.12%	+0.36%	+0.43%
Change	-0.0122	-0.0049	-	+0.0008	+0.0023	+0.0028
Level	Intermediate	Minor	-	Major	Intermediate	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6448	0.6469	0.6483	0.6504	0.6518	0.6539	0.6553
Camarilla	0.6486	0.6490	0.6493	0.6496	0.6499	0.6502	0.6506
Woodie	0.6444	0.6467	0.6479	0.6502	0.6514	0.6537	0.6549
Fibonacci	0.6469	0.6483	0.6491	0.6504	0.6518	0.6526	0.6539

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6459	0.6480	0.6503	0.6524	0.6547	0.6568	0.6591
Camarilla	0.6513	0.6517	0.6521	0.6525	0.6529	0.6533	0.6537
Woodie	0.6459	0.6481	0.6503	0.6525	0.6547	0.6569	0.6591
Fibonacci	0.6480	0.6497	0.6508	0.6524	0.6541	0.6552	0.6568

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6188	0.6257	0.6338	0.6407	0.6488	0.6557	0.6638
Camarilla	0.6379	0.6393	0.6406	0.6420	0.6434	0.6448	0.6461
Woodie	0.6195	0.6260	0.6345	0.6410	0.6495	0.6560	0.6645
Fibonacci	0.6257	0.6314	0.6349	0.6407	0.6464	0.6499	0.6557

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):	34.69
MACD (12,26,9):	-0.0007
Directional Movement:	-19.0216
AROON (14):	-71.4286
DEMA (21):	0.6477
Parabolic SAR (0,02-0,02-0,2):	0.6487
Elder Ray (13):	-0.0008
Super Trend (3,10):	0.6499
Zig ZAG (10):	0.6474
VORTEX (21):	0.8733
Stochastique (14,3,5):	17.20
TEMA (21):	0.6475
Williams %R (14):	-90.32
Chande Momentum Oscillator (20):	-0.0025
Repulse (5,40,3):	-0.0814
ROCnROLL:	2
TRIX (15,9):	-0.0154
Courbe Coppock:	0.54

MA7:	0.6511
MA20:	0.6499
MA50:	0.6442
MA100:	0.6474
MAexp7:	0.6479
MAexp20:	0.6487
MAexp50:	0.6498
MAexp100:	0.6507
Price / MA7:	-0.57%
Price / MA20:	-0.38%
Price / MA50:	+0.50%
Price / MA100:	-0%
Price / MAexp7:	-0.08%
Price / MAexp20:	-0.20%
Price / MAexp50:	-0.37%
Price / MAexp100:	-0.51%

Quotes : - Real time data - Forex

News

Don't forget to follow the news on CAD/CHF. At the time of publication of this analysis, the latest news was as follows:

CAD/CHF Finds the Proper Blend of Fuel and Clearance for Reversal

This member declared not having a position on this financial instrument or a related financial instrument.

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