CHF/CNH - 1H - Technical analysis published on 12/20/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
22%
33%
My opinion
Bullish above 7.51069 CNH
My targets
7.54374 CNH (+0.01954)
7.62967 CNH (+0.10547)
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 7.51069 CNH. The buyers' bullish objective is set at 7.54374 CNH. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.62967 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 not called into question, despite technical indicators being indecisive.
Force
0
10
5.7
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Additional analysis
Quotes
CHF/CNH rating 7.52420 CNH. The price is lower by -0.02% since the last closing and was between 7.50450 CNH and 7.53974 CNH. This implies that the price is at +0.26% from its lowest and at -0.21% from its highest.7.50450
7.53974
7.52420
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/CNH chart shows a strongly bullish trend. 82.14% 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.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 8 are bullish, 6 are neutral and 4 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.45050 | 7.48485 | 7.51069 | 7.52420 | 7.52983 | 7.54374 | 7.70000 |
| Change (%) | -0.98% | -0.52% | -0.18% | - | +0.07% | +0.26% | +2.34% |
| Change | -0.07370 | -0.03935 | -0.01351 | - | +0.00563 | +0.01954 | +0.17580 |
| Level | Intermediate | Major | Minor | - | Intermediate | Intermediate | 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 | 7.43047 | 7.44947 | 7.48747 | 7.50647 | 7.54447 | 7.56347 | 7.60147 |
| Camarilla | 7.50980 | 7.51502 | 7.52025 | 7.52547 | 7.53070 | 7.53592 | 7.54115 |
| Woodie | 7.43997 | 7.45422 | 7.49697 | 7.51122 | 7.55397 | 7.56822 | 7.61097 |
| Fibonacci | 7.44947 | 7.47124 | 7.48470 | 7.50647 | 7.52824 | 7.54170 | 7.56347 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.32310 | 7.38232 | 7.42529 | 7.48451 | 7.52748 | 7.58670 | 7.62967 |
| Camarilla | 7.44015 | 7.44952 | 7.45888 | 7.46825 | 7.47762 | 7.48699 | 7.49635 |
| Woodie | 7.31497 | 7.37826 | 7.41716 | 7.48045 | 7.51935 | 7.58264 | 7.62154 |
| Fibonacci | 7.38232 | 7.42136 | 7.44548 | 7.48451 | 7.52355 | 7.54767 | 7.58670 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.67678 | 6.91706 | 7.18611 | 7.42639 | 7.69544 | 7.93572 | 8.20477 |
| Camarilla | 7.31508 | 7.36177 | 7.40846 | 7.45515 | 7.50184 | 7.54853 | 7.59522 |
| Woodie | 6.69116 | 6.92425 | 7.20049 | 7.43358 | 7.70982 | 7.94291 | 8.21915 |
| Fibonacci | 6.91706 | 7.11163 | 7.23183 | 7.42639 | 7.62096 | 7.74116 | 7.93572 |
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): | 54.94 | |
| MACD (12,26,9): | 0.0064 | |
| Directional Movement: | 3.08326 | |
| AROON (14): | 71.42857 | |
| DEMA (21): | 7.52105 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.53916 | |
| Elder Ray (13): | 0.00081 | |
| Super Trend (3,10): | 7.49423 | |
| Zig ZAG (10): | 7.51668 | |
| VORTEX (21): | 1.0695 | |
| Stochastique (14,3,5): | 45.67 | |
| TEMA (21): | 7.52538 | |
| Williams %R (14): | -70.40 | |
| Chande Momentum Oscillator (20): | 0.00016 | |
| Repulse (5,40,3): | -0.2053 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0127 | |
| Courbe Coppock: | 0.48 |
| MA7: | 7.50421 | |
| MA20: | 7.50160 | |
| MA50: | 7.40359 | |
| MA100: | 7.28621 | |
| MAexp7: | 7.51844 | |
| MAexp20: | 7.51293 | |
| MAexp50: | 7.50688 | |
| MAexp100: | 7.50100 | |
| Price / MA7: | +0.27% | |
| Price / MA20: | +0.30% | |
| Price / MA50: | +1.63% | |
| Price / MA100: | +3.27% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +0.24% | |
| Price / MAexp100: | +0.32% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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