CAD/CHF

- CHF (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADCHF
ISIN:

CAD/CHF - Daily - Technical analysis published on 06/08/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

72%

22%

My opinion

Bullish above 0.6692 CHF

My targets

0.6791 CHF (+0.0050)

0.6928 CHF (+0.0187)

My analysis

The current short-term bullish acceleration on CAD/CHF should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 0.6692 CHF. Short-term buyers will use the resistance located at 0.6791 CHF as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 0.6928 CHF. Crossing this resistance would then open the door for buyers to target 0.7148 CHF. Caution, if there is a return to under 0.6692 CHF, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.

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

3.2

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 Hindawi. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

CAD/CHF rating 0.6741 CHF. On the day, this instrument lost -0.91% with the lowest point at 0.6734 CHF and the highest point at 0.6823 CHF. The deviation from the price is +0.10% for the low point and -1.20% for the high point.

0.6734

0.6823

0.6741

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

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of CAD/CHF in Daily shows a neutral overall trend. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : Daily

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

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

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

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near support of channel

Type : Bullish

Timeframe : Daily

Horizontal support is broken

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.6481	0.6692	0.6741	0.6791	0.6928	0.7148
Change (%)	-3.86%	-0.73%	-	+0.74%	+2.77%	+6.04%
Change	-0.0260	-0.0049	-	+0.0050	+0.0187	+0.0407
Level	Intermediate	Major	-	Major	Intermediate	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	0.6712	0.6733	0.6768	0.6789	0.6824	0.6845	0.6880
Camarilla	0.6788	0.6793	0.6798	0.6803	0.6808	0.6813	0.6818
Woodie	0.6719	0.6737	0.6775	0.6793	0.6831	0.6849	0.6887
Fibonacci	0.6733	0.6754	0.6768	0.6789	0.6810	0.6824	0.6845

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6538	0.6585	0.6680	0.6727	0.6822	0.6869	0.6964
Camarilla	0.6735	0.6748	0.6761	0.6774	0.6787	0.6800	0.6813
Woodie	0.6561	0.6597	0.6703	0.6739	0.6845	0.6881	0.6987
Fibonacci	0.6585	0.6640	0.6673	0.6727	0.6782	0.6815	0.6869

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6291	0.6383	0.6546	0.6638	0.6801	0.6893	0.7056
Camarilla	0.6638	0.6661	0.6685	0.6708	0.6731	0.6755	0.6778
Woodie	0.6326	0.6401	0.6581	0.6656	0.6836	0.6911	0.7091
Fibonacci	0.6383	0.6481	0.6541	0.6638	0.6736	0.6796	0.6893

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):	56.08
MACD (12,26,9):	0.0031
Directional Movement:	11.1637
AROON (14):	64.2857
DEMA (21):	0.6736
Parabolic SAR (0,02-0,02-0,2):	0.6721
Elder Ray (13):	0.0058
Super Trend (3,10):	0.6629
Zig ZAG (10):	0.6741
VORTEX (21):	1.0901
Stochastique (14,3,5):	81.65
TEMA (21):	0.6771
Williams %R (14):	-39.71
Chande Momentum Oscillator (20):	0.0065
Repulse (5,40,3):	-0.4874
ROCnROLL:	1
TRIX (15,9):	0.0439
Courbe Coppock:	2.54

MA7:	0.6753
MA20:	0.6691
MA50:	0.6665
MA100:	0.6748
MAexp7:	0.6746
MAexp20:	0.6702
MAexp50:	0.6694
MAexp100:	0.6757
Price / MA7:	-0.18%
Price / MA20:	+0.75%
Price / MA50:	+1.14%
Price / MA100:	-0.10%
Price / MAexp7:	-0.07%
Price / MAexp20:	+0.58%
Price / MAexp50:	+0.70%
Price / MAexp100:	-0.24%

Quotes : - Real time data - Forex

News

The last news published on CAD/CHF at the time of the generation of this analysis was as follows:

CAD/CHF Finds the Proper Blend of Fuel and Clearance for Reversal

This member declared not having a position on this financial instrument or a related financial instrument.

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