CHF/CNH

- CNH (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	CHFCNH
ISIN:

CHF/CNH - Daily - Technical analysis published on 10/25/2022 (GMT)

Londinia

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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

94%

My opinion

Bullish above 7.26100 CNH

My targets

7.48485 CNH (+0.13707)

7.70000 CNH (+0.35222)

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 7.26100 CNH. The buyers' bullish objective is set at 7.48485 CNH. A bullish break in this resistance would boost the bullish momentum. The buyers could then target 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

9.1

Comment on the analysis

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:

Additional analysis

Quotes

The CHF/CNH rating is 7.34778 CNH. The price has increased by +0.26% since the last closing and was traded between 7.31548 CNH and 7.37953 CNH over the period. The price is currently at +0.44% from its lowest and -0.43% from its highest.

7.31548

7.37953

7.34778

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

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a 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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Abnormal volumes on CHF/CNH were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 20 days

Technical

A technical analysis in Daily of this CHF/CNH chart shows a strongly bullish trend. 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 market scanner is currently detecting a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	R1	Price	R2	R3
ProTrendLines	7.06107	7.13853	7.26100	7.34764	7.34778	7.48485	7.70000
Change (%)	-3.90%	-2.85%	-1.18%	+0.00%	-	+1.87%	+4.79%
Change	-0.28671	-0.20925	-0.08678	-0.00014	-	+0.13707	+0.35222
Level	Minor	Major	Minor	Major	-	Minor	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7.15782	7.19339	7.26117	7.29674	7.36452	7.40009	7.46787
Camarilla	7.30054	7.31001	7.31949	7.32896	7.33843	7.34791	7.35738
Woodie	7.17394	7.20144	7.27729	7.30479	7.38064	7.40814	7.48399
Fibonacci	7.19339	7.23287	7.25726	7.29674	7.33622	7.36061	7.40009

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7.06986	7.11917	7.17787	7.22718	7.28588	7.33519	7.39389
Camarilla	7.20687	7.21677	7.22667	7.23657	7.24647	7.25637	7.26627
Woodie	7.07456	7.12152	7.18257	7.22953	7.29058	7.33754	7.39859
Fibonacci	7.11917	7.16043	7.18592	7.22718	7.26844	7.29393	7.33519

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.66450	6.83785	7.03637	7.20972	7.40824	7.58159	7.78011
Camarilla	7.13262	7.16670	7.20079	7.23488	7.26897	7.30306	7.33714
Woodie	6.67708	6.84414	7.04895	7.21601	7.42082	7.58788	7.79269
Fibonacci	6.83785	6.97991	7.06767	7.20972	7.35178	7.43954	7.58159

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):	65.11
MACD (12,26,9):	0.0258
Directional Movement:	13.12415
AROON (14):	85.71429
DEMA (21):	7.26749
Parabolic SAR (0,02-0,02-0,2):	7.14493
Elder Ray (13):	0.09602
Super Trend (3,10):	7.14923
Zig ZAG (10):	7.35502
VORTEX (21):	1.0771
Stochastique (14,3,5):	87.55
TEMA (21):	7.27243
Williams %R (14):	-11.30
Chande Momentum Oscillator (20):	0.18268
Repulse (5,40,3):	1.6038
ROCnROLL:	1
TRIX (15,9):	0.0201
Courbe Coppock:	1.74

MA7:	7.26913
MA20:	7.22463
MA50:	7.19493
MA100:	7.08475
MAexp7:	7.27542
MAexp20:	7.23728
MAexp50:	7.18901
MAexp100:	7.11426
Price / MA7:	+1.08%
Price / MA20:	+1.70%
Price / MA50:	+2.12%
Price / MA100:	+3.71%
Price / MAexp7:	+1.00%
Price / MAexp20:	+1.53%
Price / MAexp50:	+2.22%
Price / MAexp100:	+3.29%

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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Londinia AI

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