Londinia Opportunities Analyses - 04/25/2024 (GMT) CAD/CHF - 1H
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 bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 0.6670 CHF
My targets
0.6693 CHF (+0.0013)
0.6729 CHF (+0.0049)
My analysis
The bullish trend is currently very strong on CAD/CHF. As long as the price remains above the support at 0.6670 CHF, you could try to benefit from the boom. The first bullish objective is located at 0.6693 CHF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.6729 CHF as an objective. Crossing it would then enable buyers to target 0.6818 CHF. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, 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
8.4
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.
Additional analysis
Quotes
CAD/CHF rating 0.6680 CHF. The price has increased by +0.11% since the last closing with the lowest point at 0.6663 CHF and the highest point at 0.6683 CHF. The deviation from the price is +0.26% for the low point and -0.04% for the high point.0.6663
0.6683
0.6680
Here is a more detailed summary of the historical variations registered by CAD/CHF:
Near a new LOW record (5 years)
Type : Bearish
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CAD/CHF in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong 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, 13 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 0.6606 | 0.6648 | 0.6670 | 0.6680 | 0.6693 | 0.6818 | 0.7125 |
Change (%) | -1.11% | -0.48% | -0.15% | - | +0.19% | +2.07% | +6.66% |
Change | -0.0074 | -0.0032 | -0.0010 | - | +0.0013 | +0.0138 | +0.0445 |
Level | Intermediate | Intermediate | Minor | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.6613 | 0.6630 | 0.6652 | 0.6669 | 0.6691 | 0.6708 | 0.6730 |
Camarilla | 0.6662 | 0.6666 | 0.6669 | 0.6673 | 0.6677 | 0.6680 | 0.6684 |
Woodie | 0.6615 | 0.6631 | 0.6654 | 0.6670 | 0.6693 | 0.6709 | 0.6732 |
Fibonacci | 0.6630 | 0.6645 | 0.6654 | 0.6669 | 0.6684 | 0.6693 | 0.6708 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.6420 | 0.6475 | 0.6547 | 0.6602 | 0.6674 | 0.6729 | 0.6801 |
Camarilla | 0.6584 | 0.6596 | 0.6607 | 0.6619 | 0.6631 | 0.6642 | 0.6654 |
Woodie | 0.6429 | 0.6479 | 0.6556 | 0.6606 | 0.6683 | 0.6733 | 0.6810 |
Fibonacci | 0.6475 | 0.6524 | 0.6554 | 0.6602 | 0.6651 | 0.6681 | 0.6729 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.6352 | 0.6422 | 0.6536 | 0.6606 | 0.6720 | 0.6790 | 0.6904 |
Camarilla | 0.6599 | 0.6616 | 0.6633 | 0.6650 | 0.6667 | 0.6684 | 0.6701 |
Woodie | 0.6374 | 0.6433 | 0.6558 | 0.6617 | 0.6742 | 0.6801 | 0.6926 |
Fibonacci | 0.6422 | 0.6492 | 0.6536 | 0.6606 | 0.6676 | 0.6720 | 0.6790 |
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): | 57.60 | |
MACD (12,26,9): | 0.0002 | |
Directional Movement: | 2.2126 | |
AROON (14): | -14.2857 | |
DEMA (21): | 0.6678 | |
Parabolic SAR (0,02-0,02-0,2): | 0.6669 | |
Elder Ray (13): | 0.0002 | |
Super Trend (3,10): | 0.6685 | |
Zig ZAG (10): | 0.6679 | |
VORTEX (21): | 1.0255 | |
Stochastique (14,3,5): | 83.33 | |
TEMA (21): | 0.6678 | |
Williams %R (14): | -15.00 | |
Chande Momentum Oscillator (20): | 0.0005 | |
Repulse (5,40,3): | 0.1040 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0017 | |
Courbe Coppock: | 0.04 |
MA7: | 0.6649 | |
MA20: | 0.6651 | |
MA50: | 0.6587 | |
MA100: | 0.6510 | |
MAexp7: | 0.6678 | |
MAexp20: | 0.6676 | |
MAexp50: | 0.6672 | |
MAexp100: | 0.6662 | |
Price / MA7: | +0.47% | |
Price / MA20: | +0.44% | |
Price / MA50: | +1.41% | |
Price / MA100: | +2.61% | |
Price / MAexp7: | +0.03% | |
Price / MAexp20: | +0.06% | |
Price / MAexp50: | +0.12% | |
Price / MAexp100: | +0.27% |
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: