CAD/CNH - 1H - Technical analysis published on 03/03/2023 (GMT)
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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 bullish
Underlying:
Neutral
Technical indicators
39%
17%
44%
My opinion
Bullish above 5.06797 CNH
My targets
5.10648 CNH (+0.01880)
5.13051 CNH (+0.04283)
My analysis
The strong short-term increase of CAD/CNH should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 5.06797 CNH, a purchase could be considered. The first bullish objective is located at 5.10648 CNH. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 5.13051 CNH. If there is any crossing, the next objective would be the resistance at 5.15049 CNH. Caution, if there is a return under 5.06797 CNH, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
2.5
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Additional analysis
Quotes
The CAD/CNH rating is 5.08768 CNH. On the day, this instrument gained +0.00% with the lowest point at 5.07390 CNH and the highest point at 5.08984 CNH. The deviation from the price is +0.27% for the low point and -0.04% for the high point.5.07390
5.08984
5.08768
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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 LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAD/CNH indicates that the overall trend is not clearly defined. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
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 a result that can have an impact on the price change:
Near resistance of channel
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 | 5.05039 | 5.05893 | 5.06797 | 5.08768 | 5.09074 | 5.10648 | 5.13051 |
| Change (%) | -0.73% | -0.57% | -0.39% | - | +0.06% | +0.37% | +0.84% |
| Change | -0.03729 | -0.02875 | -0.01971 | - | +0.00306 | +0.01880 | +0.04283 |
| Level | Minor | Minor | Minor | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.02973 | 5.04383 | 5.06580 | 5.07990 | 5.10187 | 5.11597 | 5.13794 |
| Camarilla | 5.07784 | 5.08115 | 5.08445 | 5.08776 | 5.09107 | 5.09437 | 5.09768 |
| Woodie | 5.03366 | 5.04580 | 5.06973 | 5.08187 | 5.10580 | 5.11794 | 5.14187 |
| Fibonacci | 5.04383 | 5.05761 | 5.06613 | 5.07990 | 5.09368 | 5.10220 | 5.11597 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.05206 | 5.06896 | 5.09884 | 5.11574 | 5.14562 | 5.16252 | 5.19240 |
| Camarilla | 5.11585 | 5.12013 | 5.12442 | 5.12871 | 5.13300 | 5.13729 | 5.14158 |
| Woodie | 5.05854 | 5.07221 | 5.10532 | 5.11899 | 5.15210 | 5.16577 | 5.19888 |
| Fibonacci | 5.06896 | 5.08683 | 5.09787 | 5.11574 | 5.13361 | 5.14465 | 5.16252 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.93810 | 4.98741 | 5.04175 | 5.09106 | 5.14540 | 5.19471 | 5.24905 |
| Camarilla | 5.06759 | 5.07709 | 5.08659 | 5.09609 | 5.10559 | 5.11509 | 5.12459 |
| Woodie | 4.94062 | 4.98867 | 5.04427 | 5.09232 | 5.14792 | 5.19597 | 5.25157 |
| Fibonacci | 4.98741 | 5.02700 | 5.05147 | 5.09106 | 5.13065 | 5.15512 | 5.19471 |
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): | 59.06 | |
| MACD (12,26,9): | 0.0027 | |
| Directional Movement: | 0.44841 | |
| AROON (14): | -42.85714 | |
| DEMA (21): | 5.08772 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.07390 | |
| Elder Ray (13): | 0.00131 | |
| Super Trend (3,10): | 5.07400 | |
| Zig ZAG (10): | 5.08851 | |
| VORTEX (21): | 1.1287 | |
| Stochastique (14,3,5): | 60.15 | |
| TEMA (21): | 5.08929 | |
| Williams %R (14): | -30.78 | |
| Chande Momentum Oscillator (20): | -0.00294 | |
| Repulse (5,40,3): | 0.1057 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0108 | |
| Courbe Coppock: | 0.04 |
| MA7: | 5.09944 | |
| MA20: | 5.09447 | |
| MA50: | 5.08142 | |
| MA100: | 5.17336 | |
| MAexp7: | 5.08621 | |
| MAexp20: | 5.08387 | |
| MAexp50: | 5.08268 | |
| MAexp100: | 5.08892 | |
| Price / MA7: | -0.23% | |
| Price / MA20: | -0.13% | |
| Price / MA50: | +0.12% | |
| Price / MA100: | -1.66% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | -0.02% |
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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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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