CHF/CNH - 1H - Technical analysis published on 04/19/2023 (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:
Bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 7.64480 CNH
My targets
7.70000 CNH (+0.02081)
7.72669 CNH (+0.04750)
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 7.64480 CNH. The next resistance located at 7.70000 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 7.72669 CNH. After this resistance, buyers could then target 7.75409 CNH.
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
0
10
5.4
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Additional analysis
Quotes
CHF/CNH rating 7.67919 CNH. The price has increased by +0.00% since the last closing with the lowest point at 7.66877 CNH and the highest point at 7.69798 CNH. The deviation from the price is +0.14% for the low point and -0.24% for the high point.7.66877
7.69798
7.67919
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
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/CNH chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
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 | 7.55942 | 7.59954 | 7.64480 | 7.67919 | 7.68140 | 7.70000 | 7.72669 |
| Change (%) | -1.56% | -1.04% | -0.45% | - | +0.03% | +0.27% | +0.62% |
| Change | -0.11977 | -0.07965 | -0.03439 | - | +0.00221 | +0.02081 | +0.04750 |
| Level | Minor | Minor | Major | - | Intermediate | Major | Minor |
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 | 7.61623 | 7.63060 | 7.65501 | 7.66938 | 7.69379 | 7.70816 | 7.73257 |
| Camarilla | 7.66875 | 7.67230 | 7.67586 | 7.67941 | 7.68297 | 7.68652 | 7.69008 |
| Woodie | 7.62124 | 7.63311 | 7.66002 | 7.67189 | 7.69880 | 7.71067 | 7.73758 |
| Fibonacci | 7.63060 | 7.64542 | 7.65457 | 7.66938 | 7.68420 | 7.69335 | 7.70816 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.38893 | 7.47417 | 7.58360 | 7.66884 | 7.77827 | 7.86351 | 7.97294 |
| Camarilla | 7.63949 | 7.65733 | 7.67518 | 7.69302 | 7.71087 | 7.72871 | 7.74655 |
| Woodie | 7.40102 | 7.48022 | 7.59569 | 7.67489 | 7.79036 | 7.86956 | 7.98503 |
| Fibonacci | 7.47417 | 7.54854 | 7.59448 | 7.66884 | 7.74321 | 7.78915 | 7.86351 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.08368 | 7.19692 | 7.34901 | 7.46225 | 7.61434 | 7.72758 | 7.87967 |
| Camarilla | 7.42812 | 7.45245 | 7.47677 | 7.50109 | 7.52541 | 7.54973 | 7.57406 |
| Woodie | 7.10310 | 7.20663 | 7.36843 | 7.47196 | 7.63376 | 7.73729 | 7.89909 |
| Fibonacci | 7.19692 | 7.29828 | 7.36090 | 7.46225 | 7.56361 | 7.62623 | 7.72758 |
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): | 53.38 | |
| MACD (12,26,9): | 0.0033 | |
| Directional Movement: | 5.98557 | |
| AROON (14): | 42.85714 | |
| DEMA (21): | 7.68093 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.67190 | |
| Elder Ray (13): | 0.00328 | |
| Super Trend (3,10): | 7.66327 | |
| Zig ZAG (10): | 7.68135 | |
| VORTEX (21): | 1.0635 | |
| Stochastique (14,3,5): | 65.75 | |
| TEMA (21): | 7.68461 | |
| Williams %R (14): | -67.89 | |
| Chande Momentum Oscillator (20): | 0.00566 | |
| Repulse (5,40,3): | -0.0208 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0046 | |
| Courbe Coppock: | 0.21 |
| MA7: | 7.67863 | |
| MA20: | 7.58539 | |
| MA50: | 7.48975 | |
| MA100: | 7.45137 | |
| MAexp7: | 7.68180 | |
| MAexp20: | 7.67702 | |
| MAexp50: | 7.67566 | |
| MAexp100: | 7.67335 | |
| Price / MA7: | +0.01% | |
| Price / MA20: | +1.24% | |
| Price / MA50: | +2.53% | |
| Price / MA100: | +3.06% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.05% | |
| Price / MAexp100: | +0.08% |
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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