CAD/CHF

- CHF (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADCHF
ISIN:

CAD/CHF - 1H - Technical analysis published on 03/21/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

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

Comment on the analysis

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 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:

The study of the highest / lowest by the Central Records scanner shows the following results:

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

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 : - Real time data - 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 Reversal

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

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