CAD/CNH
-
CNH
(-)
- Real time data - Forex
| Open: | - |
| Change: | - |
| Volume: | - |
| Low: | - |
| High: | - |
| High / Low range: | - |
| Type: | Forex |
| Ticker: | CADCNH |
| ISIN: |
CAD/CNH - 1H - Technical analysis published on 07/12/2022 (GMT)
- 156
- 0
- 07/12/2022 - 06:23
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- Timeframe : 1H
- - Analysis generated on 07/12/2022 - 06:23
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
28%
22%
50%
My opinion
Bullish above 5.15027 CNH
My targets
5.18485 CNH (+0.01230)
5.20005 CNH (+0.02750)
My analysis
The bullish trend is currently very strong on CAD/CNH. As long as the price remains above the support at 5.15027 CNH, you could try to benefit from the boom. The first bullish objective is located at 5.18485 CNH. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 5.20005 CNH as an objective. Crossing it would then enable buyers to target 5.21184 CNH. 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.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.3
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Additional analysis
Quotes
The CAD/CNH rating is 5.17255 CNH. The price has increased by +0.00% since the last closing and was between 5.16421 CNH and 5.18324 CNH. This implies that the price is at +0.16% from its lowest and at -0.21% from its highest.5.16421
5.18324
5.17255
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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 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
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of CAD/CNH 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, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 9 are neutral and 4 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.13298 | 5.15027 | 5.16799 | 5.17255 | 5.18485 | 5.20005 | 5.21184 |
| Change (%) | -0.76% | -0.43% | -0.09% | - | +0.24% | +0.53% | +0.76% |
| Change | -0.03957 | -0.02228 | -0.00456 | - | +0.01230 | +0.02750 | +0.03929 |
| Level | Intermediate | Major | Intermediate | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.12158 | 5.13495 | 5.15385 | 5.16722 | 5.18612 | 5.19949 | 5.21839 |
| Camarilla | 5.16389 | 5.16684 | 5.16980 | 5.17276 | 5.17572 | 5.17868 | 5.18163 |
| Woodie | 5.12436 | 5.13633 | 5.15663 | 5.16860 | 5.18890 | 5.20087 | 5.22117 |
| Fibonacci | 5.13495 | 5.14727 | 5.15489 | 5.16722 | 5.17954 | 5.18716 | 5.19949 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.04678 | 5.08986 | 5.12573 | 5.16881 | 5.20468 | 5.24776 | 5.28363 |
| Camarilla | 5.13989 | 5.14713 | 5.15436 | 5.16160 | 5.16884 | 5.17607 | 5.18331 |
| Woodie | 5.04318 | 5.08806 | 5.12213 | 5.16701 | 5.20108 | 5.24596 | 5.28003 |
| Fibonacci | 5.08986 | 5.12002 | 5.13865 | 5.16881 | 5.19897 | 5.21760 | 5.24776 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.89327 | 5.01147 | 5.10737 | 5.22557 | 5.32147 | 5.43967 | 5.53557 |
| Camarilla | 5.14439 | 5.16402 | 5.18364 | 5.20327 | 5.22290 | 5.24252 | 5.26215 |
| Woodie | 4.88212 | 5.00590 | 5.09622 | 5.22000 | 5.31032 | 5.43410 | 5.52442 |
| Fibonacci | 5.01147 | 5.09326 | 5.14378 | 5.22557 | 5.30736 | 5.35788 | 5.43967 |
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): | 54.32 | |
| MACD (12,26,9): | 0.0034 | |
| Directional Movement: | 1.56496 | |
| AROON (14): | 28.57143 | |
| DEMA (21): | 5.17635 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.16531 | |
| Elder Ray (13): | 0.00034 | |
| Super Trend (3,10): | 5.15947 | |
| Zig ZAG (10): | 5.17400 | |
| VORTEX (21): | 1.1136 | |
| Stochastique (14,3,5): | 68.16 | |
| TEMA (21): | 5.17711 | |
| Williams %R (14): | -57.17 | |
| Chande Momentum Oscillator (20): | -0.00162 | |
| Repulse (5,40,3): | -0.1022 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0086 | |
| Courbe Coppock: | 0.30 |
| MA7: | 5.16755 | |
| MA20: | 5.17649 | |
| MA50: | 5.22256 | |
| MA100: | 5.14093 | |
| MAexp7: | 5.17510 | |
| MAexp20: | 5.17217 | |
| MAexp50: | 5.16739 | |
| MAexp100: | 5.16702 | |
| Price / MA7: | +0.10% | |
| Price / MA20: | -0.08% | |
| Price / MA50: | -0.96% | |
| Price / MA100: | +0.62% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.11% | |
| Price / MAexp100: | +0.12% |
Quotes :
07/12/2022 - 06:23
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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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…
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