CAD/CHF - 1H - Technical analysis published on 04/01/2024 (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:
Neutral
Underlying:
Bullish
Technical indicators
39%
22%
39%
My opinion
Bullish above 0.6647 CHF
My targets
0.6725 CHF (+0.0062)
0.6775 CHF (+0.0112)
My analysis
Has the basic bullish 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 bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.6647 CHF remains possible. It is advisable to trade CAD/CHF with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.6647 CHF. The next bullish objective for buyers is set at 0.6725 CHF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.6775 CHF. If there is any crossing, the next objective would be the resistance located at 0.6818 CHF. PS: if there is a bearish break in the support located at 0.6647 CHF we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
3.9
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Additional analysis
Quotes
CAD/CHF rating 0.6663 CHF. On the day, this instrument gained +0.20% and was traded between 0.6650 CHF and 0.6673 CHF over the period. The price is currently at +0.20% from its lowest and -0.15% from its highest.0.6650
0.6673
0.6663
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/CHF chart shows a bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral 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.
On the 18 technical indicators analysed, 7 are bullish, 7 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 0.6587 | 0.6606 | 0.6647 | 0.6663 | 0.6667 | 0.6818 | 0.7125 |
| Change (%) | -1.14% | -0.86% | -0.24% | - | +0.06% | +2.33% | +6.93% |
| Change | -0.0076 | -0.0057 | -0.0016 | - | +0.0004 | +0.0155 | +0.0462 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6628 | 0.6639 | 0.6651 | 0.6662 | 0.6674 | 0.6685 | 0.6697 |
| Camarilla | 0.6657 | 0.6659 | 0.6661 | 0.6663 | 0.6665 | 0.6667 | 0.6669 |
| Woodie | 0.6629 | 0.6639 | 0.6652 | 0.6662 | 0.6675 | 0.6685 | 0.6698 |
| Fibonacci | 0.6639 | 0.6648 | 0.6653 | 0.6662 | 0.6671 | 0.6676 | 0.6685 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6514 | 0.6551 | 0.6601 | 0.6638 | 0.6688 | 0.6725 | 0.6775 |
| Camarilla | 0.6626 | 0.6634 | 0.6642 | 0.6650 | 0.6658 | 0.6666 | 0.6674 |
| Woodie | 0.6520 | 0.6554 | 0.6607 | 0.6641 | 0.6694 | 0.6728 | 0.6781 |
| Fibonacci | 0.6551 | 0.6585 | 0.6605 | 0.6638 | 0.6672 | 0.6692 | 0.6725 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6352 | 0.6422 | 0.6536 | 0.6606 | 0.6720 | 0.6790 | 0.6904 |
| Camarilla | 0.6599 | 0.6616 | 0.6633 | 0.6650 | 0.6667 | 0.6684 | 0.6701 |
| Woodie | 0.6374 | 0.6433 | 0.6558 | 0.6617 | 0.6742 | 0.6801 | 0.6926 |
| Fibonacci | 0.6422 | 0.6492 | 0.6536 | 0.6606 | 0.6676 | 0.6720 | 0.6790 |
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): | 49.86 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | -0.7275 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 0.6663 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6652 | |
| Elder Ray (13): | -0.0002 | |
| Super Trend (3,10): | 0.6648 | |
| Zig ZAG (10): | 0.6661 | |
| VORTEX (21): | 1.0357 | |
| Stochastique (14,3,5): | 63.49 | |
| TEMA (21): | 0.6663 | |
| Williams %R (14): | -47.62 | |
| Chande Momentum Oscillator (20): | -0.0006 | |
| Repulse (5,40,3): | -0.0295 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0014 | |
| Courbe Coppock: | 0.11 |
| MA7: | 0.6642 | |
| MA20: | 0.6572 | |
| MA50: | 0.6519 | |
| MA100: | 0.6476 | |
| MAexp7: | 0.6663 | |
| MAexp20: | 0.6662 | |
| MAexp50: | 0.6661 | |
| MAexp100: | 0.6653 | |
| Price / MA7: | +0.32% | |
| Price / MA20: | +1.38% | |
| Price / MA50: | +2.21% | |
| Price / MA100: | +2.89% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | +0.15% |
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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