CHF/CNH - Daily - Technical analysis published on 09/28/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 7.26100 CNH
My targets
7.48485 CNH (+0.15755)
7.70000 CNH (+0.37270)
My analysis
The bullish trend is currently very strong on CHF/CNH. As long as the price remains above the support at 7.26100 CNH, you could try to benefit from the boom. The first bullish objective is located at 7.48485 CNH. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 7.70000 CNH as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
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
8.6
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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 7.32730 CNH. The price registered an increase of +1.22% on the session and was between 7.23012 CNH and 7.33036 CNH. This implies that the price is at +1.34% from its lowest and at -0.04% from its highest.7.23012
7.33036
7.32730
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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
Technical analysis of this Daily chart of CHF/CNH indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : Daily
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 | 7.13853 | 7.20198 | 7.26100 | 7.32730 | 7.34764 | 7.48485 | 7.70000 |
| Change (%) | -2.58% | -1.71% | -0.90% | - | +0.28% | +2.15% | +5.09% |
| Change | -0.18877 | -0.12532 | -0.06630 | - | +0.02034 | +0.15755 | +0.37270 |
| Level | Major | Intermediate | Major | - | Major | Minor | Major |
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 | 7.13966 | 7.17786 | 7.20831 | 7.24651 | 7.27696 | 7.31516 | 7.34561 |
| Camarilla | 7.21989 | 7.22618 | 7.23248 | 7.23877 | 7.24506 | 7.25136 | 7.25765 |
| Woodie | 7.13580 | 7.17592 | 7.20445 | 7.24457 | 7.27310 | 7.31322 | 7.34175 |
| Fibonacci | 7.17786 | 7.20408 | 7.22028 | 7.24651 | 7.27273 | 7.28893 | 7.31516 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.99664 | 7.09488 | 7.18126 | 7.27950 | 7.36588 | 7.46412 | 7.55050 |
| Camarilla | 7.21687 | 7.23379 | 7.25072 | 7.26764 | 7.28456 | 7.30149 | 7.31841 |
| Woodie | 6.99071 | 7.09192 | 7.17533 | 7.27654 | 7.35995 | 7.46116 | 7.54457 |
| Fibonacci | 7.09488 | 7.16541 | 7.20898 | 7.27950 | 7.35003 | 7.39360 | 7.46412 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 63.65 | |
| MACD (12,26,9): | 0.0452 | |
| Directional Movement: | 8.60955 | |
| AROON (14): | 71.42857 | |
| DEMA (21): | 7.28827 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.20039 | |
| Elder Ray (13): | 0.02913 | |
| Super Trend (3,10): | 7.14140 | |
| Zig ZAG (10): | 7.32389 | |
| VORTEX (21): | 1.0916 | |
| Stochastique (14,3,5): | 56.43 | |
| TEMA (21): | 7.29750 | |
| Williams %R (14): | -25.10 | |
| Chande Momentum Oscillator (20): | 0.06792 | |
| Repulse (5,40,3): | 1.0339 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0922 | |
| Courbe Coppock: | 3.65 |
| MA7: | 7.27415 | |
| MA20: | 7.21476 | |
| MA50: | 7.14361 | |
| MA100: | 7.02486 | |
| MAexp7: | 7.27026 | |
| MAexp20: | 7.22743 | |
| MAexp50: | 7.14615 | |
| MAexp100: | 7.06359 | |
| Price / MA7: | +0.73% | |
| Price / MA20: | +1.56% | |
| Price / MA50: | +2.57% | |
| Price / MA100: | +4.31% | |
| Price / MAexp7: | +0.78% | |
| Price / MAexp20: | +1.38% | |
| Price / MAexp50: | +2.53% | |
| Price / MAexp100: | +3.73% |
Quotes :
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Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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