CAD/CNH
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 06/28/2023 (GMT)

  • 207
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : NEUTRAL

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Bearish
Underlying: Neutral
Technical indicators
61%
0%
39%
My opinion
Neutral between 5.44902 CNH and 5.48259 CNH
My targets
-
My analysis
There is no basic trend for CAD/CNH and in the short term, there are still few sellers. It is difficult to advise a trading direction under these conditions. The first support is located at 5.44902 CNH. The first resistance is located at 5.48259 CNH. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.

In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

CAD/CNH rating 5.47509 CNH. The price is lower by -0.01% since the last closing and was between 5.46387 CNH and 5.48977 CNH. This implies that the price is at +0.21% from its lowest and at -0.27% from its highest.

5.46387
5.48977
5.47509

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

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:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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


Technical analysis of CAD/CNH in 1H shows a neutral overall trend. The slightly bearish signals currently given by short-term moving averages could allow the overall trend to return to a slightly bearish trend. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 5.39732 5.41571 5.44902 5.47509 5.48259 5.51327 5.83960
Change (%) -1.42% -1.08% -0.48% - +0.14% +0.70% +6.66%
Change -0.07777 -0.05938 -0.02607 - +0.00750 +0.03818 +0.36451
Level Minor Major Major - Minor Intermediate Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.407785.436465.455915.484595.504045.532725.55217
Camarilla5.462115.466535.470945.475355.479765.484175.48859
Woodie5.403165.434155.451295.482285.499425.530415.54755
Fibonacci5.436465.454855.466215.484595.502985.514345.53272


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.337625.368475.420905.451755.504185.535035.58746
Camarilla5.450445.458075.465715.473345.480975.488615.49624
Woodie5.348425.373875.431705.457155.514985.540435.59826
Fibonacci5.368475.400285.419935.451755.483565.503215.53503


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.948475.009375.127735.188635.306995.367895.48625
Camarilla5.196785.213225.229655.246085.262515.278945.29538
Woodie4.977195.023745.156455.203005.335715.382265.51497
Fibonacci5.009375.077855.120165.188635.257115.299425.36789

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): 56.14
MACD (12,26,9): -0.0017
Directional Movement: -0.83219
AROON (14): 57.14286
DEMA (21): 5.47816
Parabolic SAR (0,02-0,02-0,2): 5.46533
Elder Ray (13): 0.00730
Super Trend (3,10): 5.49078
Zig ZAG (10): 5.48779
VORTEX (21): 1.0751
Stochastique (14,3,5): 86.55
TEMA (21): 5.47872
Williams %R (14): -11.12
Chande Momentum Oscillator (20): 0.01131
Repulse (5,40,3): 0.1268
ROCnROLL: 1
TRIX (15,9): -0.0113
Courbe Coppock: 0.02
MA7: 5.47216
MA20: 5.39288
MA50: 5.25387
MA100: 5.16704
MAexp7: 5.48211
MAexp20: 5.48136
MAexp50: 5.48392
MAexp100: 5.47682
Price / MA7: +0.05%
Price / MA20: +1.52%
Price / MA50: +4.21%
Price / MA100: +5.96%
Price / MAexp7: -0.13%
Price / MAexp20: -0.11%
Price / MAexp50: -0.16%
Price / MAexp100: -0.03%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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