CAD/CNH - 1H - Technical analysis published on 09/27/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
33%
22%
44%
My opinion
Bearish under 5.25765 CNH
My targets
5.20216 CNH (-0.02522)
5.18485 CNH (-0.04253)
My analysis
The bearish basic trend is very strong on CAD/CNH but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 5.25765 CNH. Crossing the first support at 5.20216 CNH would be a sign of a further potential price plummet. Sellers would then use the next support located at 5.18485 CNH as an objective. Crossing it would then enable sellers to target 5.15002 CNH. Caution, a return to above the resistance located at 5.25765 CNH would be a sign of a possible consolidation phase of 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 neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5
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Additional analysis
Quotes
The CAD/CNH rating is 5.22738 CNH. The price has increased by +0.00% since the last closing and was traded between 5.22383 CNH and 5.24849 CNH over the period. The price is currently at +0.07% from its lowest and -0.40% from its highest.5.22383
5.24849
5.22738
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
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
Technical
A technical analysis in 1H of this CAD/CNH chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 8 are neutral and 4 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
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 resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.08901 | 5.15002 | 5.18485 | 5.22738 | 5.25765 | 5.27970 | 5.30023 |
| Change (%) | -2.65% | -1.48% | -0.81% | - | +0.58% | +1.00% | +1.39% |
| Change | -0.13837 | -0.07736 | -0.04253 | - | +0.03027 | +0.05232 | +0.07285 |
| Level | Minor | Major | Major | - | Intermediate | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.09797 | 5.14469 | 5.18599 | 5.23271 | 5.27401 | 5.32073 | 5.36203 |
| Camarilla | 5.20308 | 5.21114 | 5.21921 | 5.22728 | 5.23535 | 5.24342 | 5.25149 |
| Woodie | 5.09525 | 5.14334 | 5.18327 | 5.23136 | 5.27129 | 5.31938 | 5.35931 |
| Fibonacci | 5.14469 | 5.17832 | 5.19909 | 5.23271 | 5.26634 | 5.28711 | 5.32073 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.16629 | 5.20216 | 5.22841 | 5.26428 | 5.29053 | 5.32640 | 5.35265 |
| Camarilla | 5.23759 | 5.24328 | 5.24898 | 5.25467 | 5.26036 | 5.26606 | 5.27175 |
| Woodie | 5.16149 | 5.19976 | 5.22361 | 5.26188 | 5.28573 | 5.32400 | 5.34785 |
| Fibonacci | 5.20216 | 5.22589 | 5.24055 | 5.26428 | 5.28801 | 5.30267 | 5.32640 |
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 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): | 48.92 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | -4.63505 | |
| AROON (14): | -35.71429 | |
| DEMA (21): | 5.23237 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.24764 | |
| Elder Ray (13): | -0.00390 | |
| Super Trend (3,10): | 5.24897 | |
| Zig ZAG (10): | 5.23359 | |
| VORTEX (21): | 1.0802 | |
| Stochastique (14,3,5): | 44.92 | |
| TEMA (21): | 5.23539 | |
| Williams %R (14): | -63.18 | |
| Chande Momentum Oscillator (20): | 0.00027 | |
| Repulse (5,40,3): | -0.0640 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0059 | |
| Courbe Coppock: | 0.29 |
| MA7: | 5.25270 | |
| MA20: | 5.27929 | |
| MA50: | 5.27289 | |
| MA100: | 5.24755 | |
| MAexp7: | 5.23438 | |
| MAexp20: | 5.23434 | |
| MAexp50: | 5.24004 | |
| MAexp100: | 5.24949 | |
| Price / MA7: | -0.48% | |
| Price / MA20: | -0.98% | |
| Price / MA50: | -0.86% | |
| Price / MA100: | -0.38% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | -0.25% | |
| Price / MAexp100: | -0.43% |
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.
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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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