CAD/CHF - 1H - Technical analysis published on 09/12/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
33%
33%
33%
My opinion
Bullish above 0.6556 CHF
My targets
0.6572 CHF (+0.0009)
0.6607 CHF (+0.0044)
My analysis
The bullish trend is currently very strong on CAD/CHF. As long as the price remains above the support at 0.6556 CHF, you could try to benefit from the boom. The first bullish objective is located at 0.6572 CHF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.6607 CHF as an objective. Crossing it would then enable buyers to target 0.6705 CHF. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.1
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Additional analysis
Quotes
CAD/CHF rating 0.6563 CHF. The price registered a decrease of -0.02% on the session with the lowest point at 0.6558 CHF and the highest point at 0.6566 CHF. The deviation from the price is +0.08% for the low point and -0.05% for the high point.0.6558
0.6566
0.6563
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
Here is a more detailed summary of the historical variations registered by CAD/CHF:
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
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CAD/CHF in 1H shows a strongly overall bullish trend. 92.86% 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. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact 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 | 0.6517 | 0.6546 | 0.6556 | 0.6563 | 0.6572 | 0.6607 | 0.6705 |
| Change (%) | -0.70% | -0.26% | -0.11% | - | +0.14% | +0.67% | +2.16% |
| Change | -0.0046 | -0.0017 | -0.0007 | - | +0.0009 | +0.0044 | +0.0142 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6508 | 0.6523 | 0.6543 | 0.6558 | 0.6578 | 0.6593 | 0.6613 |
| Camarilla | 0.6554 | 0.6558 | 0.6561 | 0.6564 | 0.6567 | 0.6570 | 0.6574 |
| Woodie | 0.6512 | 0.6524 | 0.6547 | 0.6559 | 0.6582 | 0.6594 | 0.6617 |
| Fibonacci | 0.6523 | 0.6536 | 0.6544 | 0.6558 | 0.6571 | 0.6579 | 0.6593 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6442 | 0.6466 | 0.6508 | 0.6532 | 0.6574 | 0.6598 | 0.6640 |
| Camarilla | 0.6531 | 0.6537 | 0.6543 | 0.6549 | 0.6555 | 0.6561 | 0.6567 |
| Woodie | 0.6450 | 0.6471 | 0.6516 | 0.6537 | 0.6582 | 0.6603 | 0.6648 |
| Fibonacci | 0.6466 | 0.6492 | 0.6507 | 0.6532 | 0.6558 | 0.6573 | 0.6598 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6306 | 0.6383 | 0.6460 | 0.6537 | 0.6614 | 0.6691 | 0.6768 |
| Camarilla | 0.6496 | 0.6510 | 0.6524 | 0.6538 | 0.6552 | 0.6566 | 0.6580 |
| Woodie | 0.6307 | 0.6383 | 0.6461 | 0.6537 | 0.6615 | 0.6691 | 0.6769 |
| Fibonacci | 0.6383 | 0.6442 | 0.6478 | 0.6537 | 0.6596 | 0.6632 | 0.6691 |
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): | 55.36 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 0.4169 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 0.6564 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6566 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 0.6545 | |
| Zig ZAG (10): | 0.6560 | |
| VORTEX (21): | 1.0357 | |
| Stochastique (14,3,5): | 52.31 | |
| TEMA (21): | 0.6563 | |
| Williams %R (14): | -62.50 | |
| Chande Momentum Oscillator (20): | 0.0001 | |
| Repulse (5,40,3): | -0.0230 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0092 | |
| Courbe Coppock: | 0.06 |
| MA7: | 0.6537 | |
| MA20: | 0.6513 | |
| MA50: | 0.6547 | |
| MA100: | 0.6624 | |
| MAexp7: | 0.6562 | |
| MAexp20: | 0.6560 | |
| MAexp50: | 0.6552 | |
| MAexp100: | 0.6541 | |
| Price / MA7: | +0.40% | |
| Price / MA20: | +0.77% | |
| Price / MA50: | +0.24% | |
| Price / MA100: | -0.92% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | +0.17% | |
| Price / MAexp100: | +0.34% |
Quotes :
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Real time data
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Forex
News
Don't forget to follow the news on CAD/CHF. At the time of publication of this analysis, the latest news was as follows:
CAD/CHF Finds the Proper Blend of Fuel and Clearance for ReversalThis 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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