CAD/CHF - 15 min. - Technical analysis published on 11/10/2023 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 0.6535 CHF
My targets
0.6507 CHF (-0.0017)
0.6496 CHF (-0.0028)
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 0.6535 CHF. The sellers' bearish objective is set at 0.6507 CHF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.6496 CHF. In case of crossing, the next objective would be the support located at 0.6481 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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This analysis was given by hannahfreeman. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/CHF price is 0.6524 CHF. On the day, this instrument lost -0.26% with the lowest point at 0.6518 CHF and the highest point at 0.6555 CHF. The deviation from the price is +0.09% for the low point and -0.47% for the high point.0.6518
0.6555
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 CAD/CHF in 15 min. shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 15 minutes
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 these signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.6504 | 0.6513 | 0.6524 | 0.6524 | 0.6550 | 0.6564 | 0.6581 |
| Change (%) | -0.31% | -0.17% | 0% | - | +0.40% | +0.61% | +0.87% |
| Change | -0.0020 | -0.0011 | 0 | - | +0.0026 | +0.0040 | +0.0057 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6496 | 0.6507 | 0.6524 | 0.6535 | 0.6552 | 0.6563 | 0.6580 |
| Camarilla | 0.6533 | 0.6536 | 0.6538 | 0.6541 | 0.6544 | 0.6546 | 0.6549 |
| Woodie | 0.6499 | 0.6509 | 0.6527 | 0.6537 | 0.6555 | 0.6565 | 0.6583 |
| Fibonacci | 0.6507 | 0.6518 | 0.6524 | 0.6535 | 0.6546 | 0.6552 | 0.6563 |
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): | 44.25 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -4.0182 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 0.6523 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6532 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 0.6537 | |
| Zig ZAG (10): | 0.6527 | |
| VORTEX (21): | 0.9123 | |
| Stochastique (14,3,5): | 35.29 | |
| TEMA (21): | 0.6522 | |
| Williams %R (14): | -47.06 | |
| Chande Momentum Oscillator (20): | -0.0002 | |
| Repulse (5,40,3): | -0.0097 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0090 | |
| Courbe Coppock: | 0.10 |
| MA7: | 0.6550 | |
| MA20: | 0.6538 | |
| MA50: | 0.6607 | |
| MA100: | 0.6594 | |
| MAexp7: | 0.6524 | |
| MAexp20: | 0.6528 | |
| MAexp50: | 0.6534 | |
| MAexp100: | 0.6535 | |
| Price / MA7: | -0.40% | |
| Price / MA20: | -0.21% | |
| Price / MA50: | -1.26% | |
| Price / MA100: | -1.06% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.15% | |
| Price / MAexp100: | -0.17% |
Quotes :
-
Real time data
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Forex
News
The latest news and videos published on CAD/CHF at the time of the analysis were 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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