CAD/CHF

- CHF (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADCHF
ISIN:

CAD/CHF - 1H - Technical analysis published on 04/01/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

56%

39%

My opinion

Bullish above 0.6647 CHF

My targets

0.6725 CHF (+0.0061)

0.6775 CHF (+0.0111)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAD/CHF as long as the price remains well above 0.6647 CHF. The buyers' bullish objective 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. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. 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 Bader almutairi. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

CAD/CHF rating 0.6664 CHF. On the day, this instrument gained +0.21% with the lowest point at 0.6650 CHF and the highest point at 0.6673 CHF. The deviation from the price is +0.21% for the low point and -0.13% for the high point.

0.6650

0.6673

0.6664

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

Here is a more detailed summary of the historical variations registered by CAD/CHF:

The Central Records scanner for higher/lower results shows the following items:

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 strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

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 which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.6587	0.6606	0.6647	0.6664	0.6667	0.6818	0.7125
Change (%)	-1.16%	-0.87%	-0.26%	-	+0.05%	+2.31%	+6.92%
Change	-0.0077	-0.0058	-0.0017	-	+0.0003	+0.0154	+0.0461
Level	Intermediate	Intermediate	Major	-	Intermediate	Major	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	0.6629	0.6639	0.6652	0.6662	0.6675	0.6685	0.6698
Camarilla	0.6658	0.6660	0.6662	0.6664	0.6666	0.6668	0.6670
Woodie	0.6630	0.6640	0.6653	0.6663	0.6676	0.6686	0.6699
Fibonacci	0.6639	0.6648	0.6654	0.6662	0.6671	0.6677	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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	50.84
MACD (12,26,9):	0.0001
Directional Movement:	-1.5984
AROON (14):	14.2858
DEMA (21):	0.6664
Parabolic SAR (0,02-0,02-0,2):	0.6652
Elder Ray (13):	0
Super Trend (3,10):	0.6648
Zig ZAG (10):	0.6664
VORTEX (21):	0.9774
Stochastique (14,3,5):	66.67
TEMA (21):	0.6664
Williams %R (14):	-38.10
Chande Momentum Oscillator (20):	0.0005
Repulse (5,40,3):	0.0414
ROCnROLL:	1
TRIX (15,9):	0.0015
Courbe Coppock:	0.04

MA7:	0.6643
MA20:	0.6572
MA50:	0.6519
MA100:	0.6476
MAexp7:	0.6663
MAexp20:	0.6663
MAexp50:	0.6661
MAexp100:	0.6654
Price / MA7:	+0.32%
Price / MA20:	+1.40%
Price / MA50:	+2.22%
Price / MA100:	+2.90%
Price / MAexp7:	+0.02%
Price / MAexp20:	+0.02%
Price / MAexp50:	+0.05%
Price / MAexp100:	+0.15%

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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