CAD/CHF
CAD CHF
- CHF (-)
- Real time data - Forex
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Change: -
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Type: Forex
Ticker: CADCHF
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CAD/CHF - 15 min. - Technical analysis published on 11/07/2023 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 0.6570 CHF
My targets
0.6542 CHF (-0.0005)
0.6525 CHF (-0.0022)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CAD/CHF as long as the price remains well below 0.6570 CHF. The sellers' bearish objective is set at 0.6542 CHF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.6525 CHF. In case of crossing, the next objective would be the support located at 0.6524 CHF. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish 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 hannahfreeman. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

CAD/CHF rating 0.6547 CHF. On the day, this instrument lost -0.27% and was between 0.6546 CHF and 0.6566 CHF. This implies that the price is at +0.02% from its lowest and at -0.29% from its highest.

0.6546
0.6566
0.6547

A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 15 min. of this CAD/CHF chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 15 minutes


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes


CCI indicator: bullish divergence

Type : Bullish

Timeframe : 15 minutes


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 15 minutes


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 15 minutes


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 15 minutes



There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.6493 0.6524 0.6539 0.6547 0.6564 0.6581 0.6601
Change (%) -0.82% -0.35% -0.12% - +0.26% +0.52% +0.82%
Change -0.0054 -0.0023 -0.0008 - +0.0017 +0.0034 +0.0054
Level Minor Intermediate Intermediate - Minor Intermediate 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
Standard0.65250.65420.65530.65700.65810.65980.6609
Camarilla0.65570.65600.65620.65650.65680.65700.6573
Woodie0.65230.65410.65510.65690.65790.65970.6607
Fibonacci0.65420.65520.65590.65700.65800.65870.6598


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.64080.64510.65140.65570.66200.66630.6726
Camarilla0.65470.65570.65660.65760.65860.65950.6605
Woodie0.64170.64560.65230.65620.66290.66680.6735
Fibonacci0.64510.64920.65170.65570.65980.66230.6663


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.61800.63330.64450.65980.67100.68630.6975
Camarilla0.64840.65080.65330.65570.65810.66060.6630
Woodie0.61600.63230.64250.65880.66900.68530.6955
Fibonacci0.63330.64340.64970.65980.66990.67620.6863

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): 35.10
MACD (12,26,9): -0.0002
Directional Movement: -10.4559
AROON (14): -42.8571
DEMA (21): 0.6556
Parabolic SAR (0,02-0,02-0,2): 0.6560
Elder Ray (13): -0.0004
Super Trend (3,10): 0.6565
Zig ZAG (10): 0.6551
VORTEX (21): 0.8675
Stochastique (14,3,5): 17.27
TEMA (21): 0.6554
Williams %R (14): -86.67
Chande Momentum Oscillator (20): -0.0009
Repulse (5,40,3): -0.0773
ROCnROLL: 2
TRIX (15,9): -0.0033
Courbe Coppock: 0.19
MA7: 0.6558
MA20: 0.6553
MA50: 0.6606
MA100: 0.6602
MAexp7: 0.6555
MAexp20: 0.6558
MAexp50: 0.6561
MAexp100: 0.6565
Price / MA7: -0.17%
Price / MA20: -0.09%
Price / MA50: -0.89%
Price / MA100: -0.83%
Price / MAexp7: -0.12%
Price / MAexp20: -0.17%
Price / MAexp50: -0.21%
Price / MAexp100: -0.27%

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:

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

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