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USD/CNH
USD CNH
- CNH (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: USDCNH
ISIN:

USD/CNH - 1H - Technical analysis published on 11/13/2023 (GMT)

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

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Neutral
Technical indicators
17%
61%
22%
My opinion
Bearish under 7.30765 CNH
My targets
7.28869 CNH (-0.00987)
7.28066 CNH (-0.01790)
My analysis
The current short-term bearish acceleration registered on USD/CNH should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 7.30765 CNH. Short-term sellers will use the support located at 7.28869 CNH as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 7.28066 CNH. Crossing this support would then open the door for sellers to target 7.27040 CNH. Caution, if there is a return to below 7.30765 CNH, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
2.9

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.

hannahfreeman
This analysis was given by hannahfreeman. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

USD/CNH rating 7.29856 CNH. The price registered a decrease of -0.12% on the session and was between 7.29511 CNH and 7.31073 CNH. This implies that the price is at +0.05% from its lowest and at -0.17% from its highest.

7.29511
7.31073
7.29856

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by USD/CNH:
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



Technical


Technical analysis of USD/CNH in 1H shows a neutral overall trend. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 11 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

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:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 7.28066 7.28869 7.29796 7.29856 7.30765 7.32212 7.33492
Change (%) -0.25% -0.14% -0.01% - +0.12% +0.32% +0.50%
Change -0.01790 -0.00987 -0.00060 - +0.00909 +0.02356 +0.03636
Level Intermediate Minor Intermediate - Minor Major Minor



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
Standard7.289327.293117.300177.303967.311027.314817.32187
Camarilla7.304267.305257.306257.307247.308247.309237.31022
Woodie7.290977.293937.301827.304787.312677.315637.32352
Fibonacci7.293117.297257.299817.303967.308107.310667.31481


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.238917.252777.280017.293877.321117.334977.36221
Camarilla7.295947.299717.303477.307247.311017.314787.31854
Woodie7.245597.256127.286697.297227.327797.338327.36889
Fibonacci7.252777.268477.278177.293877.309577.319277.33497


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.214037.241907.291357.319227.368677.396547.44599
Camarilla7.319557.326647.333727.340817.347907.354997.36207
Woodie7.224837.247307.302157.324627.379477.401947.45679
Fibonacci7.241907.271437.289687.319227.348757.367007.39654

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 41.40
MACD (12,26,9): -0.0008
Directional Movement: -20.09574
AROON (14): -21.42857
DEMA (21): 7.30227
Parabolic SAR (0,02-0,02-0,2): 7.30870
Elder Ray (13): -0.00384
Super Trend (3,10): 7.30903
Zig ZAG (10): 7.29862
VORTEX (21): 0.8895
Stochastique (14,3,5): 16.20
TEMA (21): 7.29968
Williams %R (14): -79.45
Chande Momentum Oscillator (20): -0.00827
Repulse (5,40,3): -0.0027
ROCnROLL: 2
TRIX (15,9): 0.0013
Courbe Coppock: 0.13
MA7: 7.29169
MA20: 7.31425
MA50: 7.31033
MA100: 7.27205
MAexp7: 7.30020
MAexp20: 7.30254
MAexp50: 7.30062
MAexp100: 7.29855
Price / MA7: +0.09%
Price / MA20: -0.21%
Price / MA50: -0.16%
Price / MA100: +0.36%
Price / MAexp7: -0.02%
Price / MAexp20: -0.05%
Price / MAexp50: -0.03%
Price / MAexp100: +0.00%

Quotes : - Real time data - Forex

News


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

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

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