CAD/CHF - 1H - Technical analysis published on 11/09/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 0.6536 CHF
My targets
0.6504 CHF (-0.0020)
0.6481 CHF (-0.0043)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.6536 CHF remains possible. It is advisable to trade CAD/CHF with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.6536 CHF. The next bearish objective for sellers is set at 0.6504 CHF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.6481 CHF. PS: if there is a bullish break in the resistance located at 0.6536 CHF we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.4
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This analysis was given by hannahfreeman. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CAD/CHF rating 0.6524 CHF. On the day, this instrument gained +0.08% and was traded between 0.6518 CHF and 0.6526 CHF over the period. The price is currently at +0.09% from its lowest and -0.03% from its highest.0.6518
0.6526
0.6524
A study of price movements over other periods shows the following variations:
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
Technical analysis of this 1H chart of CAD/CHF indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
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:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.6481 | 0.6504 | 0.6524 | 0.6536 | 0.6564 | 0.6581 |
| Change (%) | -0.66% | -0.31% | - | +0.18% | +0.61% | +0.87% |
| Change | -0.0043 | -0.0020 | - | +0.0012 | +0.0040 | +0.0057 |
| Level | Major | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6453 | 0.6478 | 0.6499 | 0.6524 | 0.6545 | 0.6570 | 0.6591 |
| Camarilla | 0.6506 | 0.6511 | 0.6515 | 0.6519 | 0.6523 | 0.6527 | 0.6532 |
| Woodie | 0.6450 | 0.6477 | 0.6496 | 0.6523 | 0.6542 | 0.6569 | 0.6588 |
| Fibonacci | 0.6478 | 0.6496 | 0.6507 | 0.6524 | 0.6542 | 0.6553 | 0.6570 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6408 | 0.6451 | 0.6514 | 0.6557 | 0.6620 | 0.6663 | 0.6726 |
| Camarilla | 0.6547 | 0.6557 | 0.6566 | 0.6576 | 0.6586 | 0.6595 | 0.6605 |
| Woodie | 0.6417 | 0.6456 | 0.6523 | 0.6562 | 0.6629 | 0.6668 | 0.6735 |
| Fibonacci | 0.6451 | 0.6492 | 0.6517 | 0.6557 | 0.6598 | 0.6623 | 0.6663 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6180 | 0.6333 | 0.6445 | 0.6598 | 0.6710 | 0.6863 | 0.6975 |
| Camarilla | 0.6484 | 0.6508 | 0.6533 | 0.6557 | 0.6581 | 0.6606 | 0.6630 |
| Woodie | 0.6160 | 0.6323 | 0.6425 | 0.6588 | 0.6690 | 0.6853 | 0.6955 |
| Fibonacci | 0.6333 | 0.6434 | 0.6497 | 0.6598 | 0.6699 | 0.6762 | 0.6863 |
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): | 46.78 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -2.8185 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 0.6518 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6509 | |
| Elder Ray (13): | 0.0002 | |
| Super Trend (3,10): | 0.6537 | |
| Zig ZAG (10): | 0.6524 | |
| VORTEX (21): | 0.8854 | |
| Stochastique (14,3,5): | 90.71 | |
| TEMA (21): | 0.6520 | |
| Williams %R (14): | -13.33 | |
| Chande Momentum Oscillator (20): | 0.0005 | |
| Repulse (5,40,3): | 0.0368 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0125 | |
| Courbe Coppock: | 0.07 |
| MA7: | 0.6551 | |
| MA20: | 0.6541 | |
| MA50: | 0.6606 | |
| MA100: | 0.6597 | |
| MAexp7: | 0.6522 | |
| MAexp20: | 0.6524 | |
| MAexp50: | 0.6534 | |
| MAexp100: | 0.6543 | |
| Price / MA7: | -0.41% | |
| Price / MA20: | -0.26% | |
| Price / MA50: | -1.24% | |
| Price / MA100: | -1.11% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | -0.15% | |
| Price / MAexp100: | -0.29% |
Quotes :
-
Real time data
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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 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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