CHF/CNH - Daily - Technical analysis published on 09/19/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 7.13853 CNH
My targets
7.34764 CNH (+0.09603)
7.48485 CNH (+0.23324)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CHF/CNH as long as the price remains well above 7.13853 CNH. The buyers' bullish objective is set at 7.34764 CNH. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.48485 CNH. If there is any crossing, the next objective would be the resistance located at 7.70000 CNH. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHF/CNH rating 7.25161 CNH. The price is lower by -0.01% since the last closing and was between 7.24105 CNH and 7.27439 CNH. This implies that the price is at +0.15% from its lowest and at -0.31% from its highest.7.24105
7.27439
7.25161
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 CHF/CNH:
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
A technical analysis in Daily of this CHF/CNH chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 14 technical indicators on 18 studied are currently positioned bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.97912 | 7.06107 | 7.13853 | 7.25161 | 7.26100 | 7.34764 | 7.48485 |
| Change (%) | -3.76% | -2.63% | -1.56% | - | +0.13% | +1.32% | +3.22% |
| Change | -0.27249 | -0.19054 | -0.11308 | - | +0.00939 | +0.09603 | +0.23324 |
| Level | Intermediate | Minor | Major | - | Major | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.16401 | 7.20829 | 7.23044 | 7.27472 | 7.29687 | 7.34115 | 7.36330 |
| Camarilla | 7.23431 | 7.24040 | 7.24649 | 7.25258 | 7.25867 | 7.26476 | 7.27085 |
| Woodie | 7.15294 | 7.20276 | 7.21937 | 7.26919 | 7.28580 | 7.33562 | 7.35223 |
| Fibonacci | 7.20829 | 7.23367 | 7.24935 | 7.27472 | 7.30010 | 7.31578 | 7.34115 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.07347 | 7.14148 | 7.19703 | 7.26504 | 7.32059 | 7.38860 | 7.44415 |
| Camarilla | 7.21860 | 7.22993 | 7.24125 | 7.25258 | 7.26391 | 7.27523 | 7.28656 |
| Woodie | 7.06724 | 7.13837 | 7.19080 | 7.26193 | 7.31436 | 7.38549 | 7.43792 |
| Fibonacci | 7.14148 | 7.18868 | 7.21784 | 7.26504 | 7.31224 | 7.34140 | 7.38860 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.78262 | 6.89723 | 6.97806 | 7.09267 | 7.17350 | 7.28811 | 7.36894 |
| Camarilla | 7.00514 | 7.02306 | 7.04098 | 7.05889 | 7.07681 | 7.09472 | 7.11264 |
| Woodie | 6.76573 | 6.88879 | 6.96117 | 7.08423 | 7.15661 | 7.27967 | 7.35205 |
| Fibonacci | 6.89723 | 6.97189 | 7.01801 | 7.09267 | 7.16733 | 7.21345 | 7.28811 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 63.57 | |
| MACD (12,26,9): | 0.0497 | |
| Directional Movement: | 22.29618 | |
| AROON (14): | 71.42858 | |
| DEMA (21): | 7.24190 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.12820 | |
| Elder Ray (13): | 0.05035 | |
| Super Trend (3,10): | 7.10135 | |
| Zig ZAG (10): | 7.25603 | |
| VORTEX (21): | 1.1082 | |
| Stochastique (14,3,5): | 79.63 | |
| TEMA (21): | 7.26036 | |
| Williams %R (14): | -23.38 | |
| Chande Momentum Oscillator (20): | 0.20387 | |
| Repulse (5,40,3): | -0.2754 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0725 | |
| Courbe Coppock: | 4.01 |
| MA7: | 7.25625 | |
| MA20: | 7.15769 | |
| MA50: | 7.09264 | |
| MA100: | 6.99118 | |
| MAexp7: | 7.23892 | |
| MAexp20: | 7.18095 | |
| MAexp50: | 7.10484 | |
| MAexp100: | 7.03173 | |
| Price / MA7: | -0.06% | |
| Price / MA20: | +1.31% | |
| Price / MA50: | +2.24% | |
| Price / MA100: | +3.73% | |
| Price / MAexp7: | +0.18% | |
| Price / MAexp20: | +0.98% | |
| Price / MAexp50: | +2.07% | |
| Price / MAexp100: | +3.13% |
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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