CAD/CNH - 1H - Technical analysis published on 06/08/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Additional analysis
Quotes
The CAD/CNH price is 5.34503 CNH. On the day, this instrument gained +0.00% with the lowest point at 5.34354 CNH and the highest point at 5.35628 CNH. The deviation from the price is +0.03% for the low point and -0.21% for the high point.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
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
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
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 bullish. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bearish reversal
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 a result that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 5.27970 | 5.31127 | 5.33866 | 5.34503 | 5.41571 | 5.83960 |
| Change (%) | -1.22% | -0.63% | -0.12% | - | +1.32% | +9.25% |
| Change | -0.06533 | -0.03376 | -0.00637 | - | +0.07068 | +0.49457 |
| Level | Intermediate | Intermediate | Major | - | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.28297 | 5.29706 | 5.32105 | 5.33514 | 5.35913 | 5.37322 | 5.39721 |
| Camarilla | 5.33458 | 5.33807 | 5.34156 | 5.34505 | 5.34854 | 5.35203 | 5.35552 |
| Woodie | 5.28793 | 5.29954 | 5.32601 | 5.33762 | 5.36409 | 5.37570 | 5.40217 |
| Fibonacci | 5.29706 | 5.31160 | 5.32059 | 5.33514 | 5.34968 | 5.35867 | 5.37322 |
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.11770 | 5.15334 | 5.22445 | 5.26009 | 5.33120 | 5.36684 | 5.43795 |
| Camarilla | 5.26621 | 5.27600 | 5.28579 | 5.29557 | 5.30536 | 5.31514 | 5.32493 |
| Woodie | 5.13545 | 5.16221 | 5.24220 | 5.26896 | 5.34895 | 5.37571 | 5.45570 |
| Fibonacci | 5.15334 | 5.19412 | 5.21931 | 5.26009 | 5.30087 | 5.32606 | 5.36684 |
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.94847 | 5.00937 | 5.12773 | 5.18863 | 5.30699 | 5.36789 | 5.48625 |
| Camarilla | 5.19678 | 5.21322 | 5.22965 | 5.24608 | 5.26251 | 5.27894 | 5.29538 |
| Woodie | 4.97719 | 5.02374 | 5.15645 | 5.20300 | 5.33571 | 5.38226 | 5.51497 |
| Fibonacci | 5.00937 | 5.07785 | 5.12016 | 5.18863 | 5.25711 | 5.29942 | 5.36789 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
| RSI (14): | 53.11 | |
| MACD (12,26,9): | 0.0058 | |
| Directional Movement: | 2.70530 | |
| AROON (14): | 42.85714 | |
| DEMA (21): | 5.35422 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.35628 | |
| Elder Ray (13): | 0.00003 | |
| Super Trend (3,10): | 5.33586 | |
| Zig ZAG (10): | 5.34474 | |
| VORTEX (21): | 1.2305 | |
| Stochastique (14,3,5): | 44.09 | |
| TEMA (21): | 5.35334 | |
| Williams %R (14): | -88.45 | |
| Chande Momentum Oscillator (20): | 0.00035 | |
| Repulse (5,40,3): | -0.1484 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0198 | |
| Courbe Coppock: | 0.22 |
| MA7: | 5.30407 | |
| MA20: | 5.23678 | |
| MA50: | 5.16741 | |
| MA100: | 5.11622 | |
| MAexp7: | 5.34962 | |
| MAexp20: | 5.34581 | |
| MAexp50: | 5.33286 | |
| MAexp100: | 5.31388 | |
| Price / MA7: | +0.77% | |
| Price / MA20: | +2.07% | |
| Price / MA50: | +3.44% | |
| Price / MA100: | +4.47% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | +0.23% | |
| Price / MAexp100: | +0.59% |
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