CAD/CHF - 1H - Technical analysis published on 03/21/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 0.6606 CHF
My targets
0.6657 CHF (+0.0022)
0.6753 CHF (+0.0118)
My analysis
The bullish trend is currently very strong on CAD/CHF. As long as the price remains above the support at 0.6606 CHF, you could try to benefit from the boom. The first bullish objective is located at 0.6657 CHF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.6753 CHF as an objective. Crossing it would then enable buyers to target 0.6818 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.
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
0
10
8
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/CHF price is 0.6635 CHF. On the day, this instrument gained +0.93% and was between 0.6562 CHF and 0.6655 CHF. This implies that the price is at +1.11% from its lowest and at -0.30% from its highest.0.6562
0.6655
0.6635
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
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
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 strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a moderate bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of 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 | 0.6565 | 0.6583 | 0.6606 | 0.6635 | 0.6818 | 0.7125 | 0.7511 |
| Change (%) | -1.06% | -0.78% | -0.44% | - | +2.76% | +7.39% | +13.20% |
| Change | -0.0070 | -0.0052 | -0.0029 | - | +0.0183 | +0.0490 | +0.0876 |
| Level | Minor | Intermediate | Minor | - | Major | 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 | 0.6510 | 0.6527 | 0.6550 | 0.6567 | 0.6590 | 0.6607 | 0.6630 |
| Camarilla | 0.6563 | 0.6567 | 0.6570 | 0.6574 | 0.6578 | 0.6581 | 0.6585 |
| Woodie | 0.6514 | 0.6529 | 0.6554 | 0.6569 | 0.6594 | 0.6609 | 0.6634 |
| Fibonacci | 0.6527 | 0.6542 | 0.6551 | 0.6567 | 0.6582 | 0.6591 | 0.6607 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6445 | 0.6468 | 0.6492 | 0.6515 | 0.6539 | 0.6562 | 0.6586 |
| Camarilla | 0.6502 | 0.6506 | 0.6511 | 0.6515 | 0.6519 | 0.6524 | 0.6528 |
| Woodie | 0.6445 | 0.6468 | 0.6492 | 0.6515 | 0.6539 | 0.6562 | 0.6586 |
| Fibonacci | 0.6468 | 0.6486 | 0.6497 | 0.6515 | 0.6533 | 0.6544 | 0.6562 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6255 | 0.6325 | 0.6421 | 0.6491 | 0.6587 | 0.6657 | 0.6753 |
| Camarilla | 0.6472 | 0.6488 | 0.6503 | 0.6518 | 0.6533 | 0.6548 | 0.6564 |
| Woodie | 0.6269 | 0.6332 | 0.6435 | 0.6498 | 0.6601 | 0.6664 | 0.6767 |
| Fibonacci | 0.6325 | 0.6388 | 0.6427 | 0.6491 | 0.6554 | 0.6593 | 0.6657 |
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): | 68.52 | |
| MACD (12,26,9): | 0.0019 | |
| Directional Movement: | 29.2564 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 0.6641 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6590 | |
| Elder Ray (13): | 0.0010 | |
| Super Trend (3,10): | 0.6601 | |
| Zig ZAG (10): | 0.6636 | |
| VORTEX (21): | 1.2292 | |
| Stochastique (14,3,5): | 77.38 | |
| TEMA (21): | 0.6648 | |
| Williams %R (14): | -22.62 | |
| Chande Momentum Oscillator (20): | 0.0005 | |
| Repulse (5,40,3): | -0.0916 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0409 | |
| Courbe Coppock: | 1.64 |
| MA7: | 0.6555 | |
| MA20: | 0.6526 | |
| MA50: | 0.6486 | |
| MA100: | 0.6470 | |
| MAexp7: | 0.6635 | |
| MAexp20: | 0.6617 | |
| MAexp50: | 0.6589 | |
| MAexp100: | 0.6568 | |
| Price / MA7: | +1.22% | |
| Price / MA20: | +1.67% | |
| Price / MA50: | +2.30% | |
| Price / MA100: | +2.55% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.27% | |
| Price / MAexp50: | +0.70% | |
| Price / MAexp100: | +1.02% |
Quotes :
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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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