CHF/CNH
CHF CNH
- CNH (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CHFCNH
ISIN:

CHF/CNH - 1H - Technical analysis published on 04/11/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 7.59951 CNH
My targets
7.63494 CNH (+0.02072)
7.70000 CNH (+0.08578)
My analysis
CHF/CNH is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 7.59951 CNH. The next resistance located at 7.63494 CNH is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 7.70000 CNH.

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
7.7

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

The CHF/CNH price is 7.61422 CNH. The price registered an increase of +0.44% on the session with the lowest point at 7.57890 CNH and the highest point at 7.62252 CNH. The deviation from the price is +0.47% for the low point and -0.11% for the high point.

7.57890
7.62252
7.61422

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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 LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of CHF/CNH in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour


Resistance of triangle is broken

Type : Bullish

Timeframe : 1 hour



The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Long white line

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 7.55976 7.57773 7.59951 7.61422 7.61506 7.63494 7.70000
Change (%) -0.72% -0.48% -0.19% - +0.01% +0.27% +1.13%
Change -0.05446 -0.03649 -0.01471 - +0.00084 +0.02072 +0.08578
Level Minor Intermediate Minor - Intermediate Major 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
Standard7.506507.532967.556817.583277.607127.633587.65743
Camarilla7.566837.571447.576057.580667.585277.589887.59450
Woodie7.505207.532317.555517.582627.605827.632937.65613
Fibonacci7.532967.552187.564057.583277.602497.614367.63358


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.379617.436217.515167.571767.650717.707317.78626
Camarilla7.556827.569257.581687.594107.606537.618957.63138
Woodie7.390787.441807.526337.577357.661887.712907.79743
Fibonacci7.436217.487997.519987.571767.623547.655537.70731


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.083687.196927.349017.462257.614347.727587.87967
Camarilla7.428127.452457.476777.501097.525417.549737.57406
Woodie7.103107.206637.368437.471967.633767.737297.89909
Fibonacci7.196927.298287.360907.462257.563617.626237.72758

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): 74.33
MACD (12,26,9): 0.0030
Directional Movement: 28.02065
AROON (14): 100.00000
DEMA (21): 7.59030
Parabolic SAR (0,02-0,02-0,2): 7.57235
Elder Ray (13): 0.01945
Super Trend (3,10): 7.58242
Zig ZAG (10): 7.61617
VORTEX (21): 1.0296
Stochastique (14,3,5): 93.75
TEMA (21): 7.59647
Williams %R (14): -11.38
Chande Momentum Oscillator (20): 0.03883
Repulse (5,40,3): 0.4057
ROCnROLL: 1
TRIX (15,9): -0.0028
Courbe Coppock: 0.53
MA7: 7.58912
MA20: 7.50823
MA50: 7.45081
MA100: 7.44388
MAexp7: 7.59635
MAexp20: 7.58843
MAexp50: 7.58925
MAexp100: 7.58513
Price / MA7: +0.33%
Price / MA20: +1.41%
Price / MA50: +2.19%
Price / MA100: +2.29%
Price / MAexp7: +0.24%
Price / MAexp20: +0.34%
Price / MAexp50: +0.33%
Price / MAexp100: +0.38%

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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