CAD/CNH - 1H - Technical analysis published on 09/07/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 5.27970 CNH
My targets
5.30703 CNH (+0.00711)
5.31592 CNH (+0.01600)
My analysis
The basic bullish trend is very strong on CAD/CNH but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 5.27970 CNH. Crossing the first resistance at 5.30703 CNH would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 5.31592 CNH as an objective. Crossing it would then enable buyers to target 5.33803 CNH. Caution, a return to below 5.27970 CNH would be a sign of a consolidation phase in the short-term basic trend. 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
4.1
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Additional analysis
Quotes
The CAD/CNH rating is 5.29992 CNH. On the day, this instrument lost -0.01% and was traded between 5.28721 CNH and 5.32050 CNH over the period. The price is currently at +0.24% from its lowest and -0.39% from its highest.5.28721
5.32050
5.29992
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CAD/CNH:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAD/CNH indicates that the overall trend is strongly bullish. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 3 are bullish, 9 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
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:
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 | 5.24894 | 5.27970 | 5.29561 | 5.29992 | 5.30703 | 5.31592 | 5.33803 |
| Change (%) | -0.96% | -0.38% | -0.08% | - | +0.13% | +0.30% | +0.72% |
| Change | -0.05098 | -0.02022 | -0.00431 | - | +0.00711 | +0.01600 | +0.03811 |
| Level | Minor | Major | Minor | - | Minor | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.25422 | 5.26951 | 5.28500 | 5.30029 | 5.31578 | 5.33107 | 5.34656 |
| Camarilla | 5.29202 | 5.29484 | 5.29766 | 5.30048 | 5.30330 | 5.30612 | 5.30895 |
| Woodie | 5.25431 | 5.26956 | 5.28509 | 5.30034 | 5.31587 | 5.33112 | 5.34665 |
| Fibonacci | 5.26951 | 5.28127 | 5.28854 | 5.30029 | 5.31205 | 5.31932 | 5.33107 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.11635 | 5.17240 | 5.21920 | 5.27525 | 5.32205 | 5.37810 | 5.42490 |
| Camarilla | 5.23771 | 5.24713 | 5.25656 | 5.26599 | 5.27542 | 5.28485 | 5.29427 |
| Woodie | 5.11172 | 5.17009 | 5.21457 | 5.27294 | 5.31742 | 5.37579 | 5.42027 |
| Fibonacci | 5.17240 | 5.21169 | 5.23597 | 5.27525 | 5.31454 | 5.33882 | 5.37810 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.08349 | 5.14739 | 5.20352 | 5.26742 | 5.32355 | 5.38745 | 5.44358 |
| Camarilla | 5.22665 | 5.23766 | 5.24866 | 5.25966 | 5.27066 | 5.28167 | 5.29267 |
| Woodie | 5.07962 | 5.14545 | 5.19965 | 5.26548 | 5.31968 | 5.38551 | 5.43971 |
| Fibonacci | 5.14739 | 5.19324 | 5.22157 | 5.26742 | 5.31327 | 5.34160 | 5.38745 |
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): | 47.93 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -1.75560 | |
| AROON (14): | -28.57143 | |
| DEMA (21): | 5.29936 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.31502 | |
| Elder Ray (13): | -0.00200 | |
| Super Trend (3,10): | 5.32108 | |
| Zig ZAG (10): | 5.29643 | |
| VORTEX (21): | 0.9815 | |
| Stochastique (14,3,5): | 21.45 | |
| TEMA (21): | 5.29660 | |
| Williams %R (14): | -73.09 | |
| Chande Momentum Oscillator (20): | -0.00065 | |
| Repulse (5,40,3): | -0.0390 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0013 | |
| Courbe Coppock: | 0.04 |
| MA7: | 5.27920 | |
| MA20: | 5.28061 | |
| MA50: | 5.24534 | |
| MA100: | 5.23277 | |
| MAexp7: | 5.29764 | |
| MAexp20: | 5.29908 | |
| MAexp50: | 5.29537 | |
| MAexp100: | 5.28898 | |
| Price / MA7: | +0.39% | |
| Price / MA20: | +0.37% | |
| Price / MA50: | +1.04% | |
| Price / MA100: | +1.28% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.08% | |
| Price / MAexp100: | +0.20% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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