CHF/CNH - 1H - Technical analysis published on 06/11/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
50%
22%
28%
My opinion
Bearish under 8.11046 CNH
My targets
8.08430 CNH (-0.01672)
8.03600 CNH (-0.06502)
My analysis
The bearish trend is currently very strong for CHF/CNH. As long as the price remains below the resistance at 8.11046 CNH, you could try to take advantage of the bearish rally. The first bearish objective is located at 8.08430 CNH. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 8.03600 CNH as an objective. Crossing it would then enable sellers to target 8.00518 CNH. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.2
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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 8.10102 CNH. The price is lower by -0.05% since the last closing and was between 8.08799 CNH and 8.11300 CNH. This implies that the price is at +0.16% from its lowest and at -0.15% from its highest.8.08799
8.11300
8.10102
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
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 CHF/CNH in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.00518 | 8.03600 | 8.08430 | 8.10102 | 8.11046 | 8.14741 | 8.22581 |
| Change (%) | -1.18% | -0.80% | -0.21% | - | +0.12% | +0.57% | +1.54% |
| Change | -0.09584 | -0.06502 | -0.01672 | - | +0.00944 | +0.04639 | +0.12479 |
| Level | Major | Minor | Intermediate | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.06874 | 8.07963 | 8.09220 | 8.10309 | 8.11566 | 8.12655 | 8.13912 |
| Camarilla | 8.09831 | 8.10046 | 8.10261 | 8.10476 | 8.10691 | 8.10906 | 8.11121 |
| Woodie | 8.06957 | 8.08005 | 8.09303 | 8.10351 | 8.11649 | 8.12697 | 8.13995 |
| Fibonacci | 8.07963 | 8.08860 | 8.09413 | 8.10309 | 8.11206 | 8.11759 | 8.12655 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.90260 | 7.96816 | 8.03484 | 8.10040 | 8.16708 | 8.23264 | 8.29932 |
| Camarilla | 8.06514 | 8.07727 | 8.08939 | 8.10151 | 8.11363 | 8.12575 | 8.13788 |
| Woodie | 7.90315 | 7.96844 | 8.03539 | 8.10068 | 8.16763 | 8.23292 | 8.29987 |
| Fibonacci | 7.96816 | 8.01868 | 8.04989 | 8.10040 | 8.15092 | 8.18213 | 8.23264 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.70854 | 7.78381 | 7.91458 | 7.98985 | 8.12062 | 8.19589 | 8.32666 |
| Camarilla | 7.98869 | 8.00758 | 8.02646 | 8.04535 | 8.06424 | 8.08312 | 8.10201 |
| Woodie | 7.73629 | 7.79769 | 7.94233 | 8.00373 | 8.14837 | 8.20977 | 8.35441 |
| Fibonacci | 7.78381 | 7.86252 | 7.91114 | 7.98985 | 8.06856 | 8.11718 | 8.19589 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.93 | |
| MACD (12,26,9): | -0.0015 | |
| Directional Movement: | 2.03758 | |
| AROON (14): | -57.14286 | |
| DEMA (21): | 8.10010 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.08799 | |
| Elder Ray (13): | 0.00307 | |
| Super Trend (3,10): | 8.11472 | |
| Zig ZAG (10): | 8.10207 | |
| VORTEX (21): | 0.9852 | |
| Stochastique (14,3,5): | 62.91 | |
| TEMA (21): | 8.10080 | |
| Williams %R (14): | -43.46 | |
| Chande Momentum Oscillator (20): | -0.00024 | |
| Repulse (5,40,3): | 0.0076 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0024 | |
| Courbe Coppock: | 0.10 |
| MA7: | 8.12031 | |
| MA20: | 8.02193 | |
| MA50: | 7.98788 | |
| MA100: | 8.08578 | |
| MAexp7: | 8.10090 | |
| MAexp20: | 8.10216 | |
| MAexp50: | 8.10683 | |
| MAexp100: | 8.10824 | |
| Price / MA7: | -0.24% | |
| Price / MA20: | +0.99% | |
| Price / MA50: | +1.42% | |
| Price / MA100: | +0.19% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | -0.09% |
Quotes :
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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