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:
Bullish
Underlying:
Strongly bullish
Technical indicators
56%
6%
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
0
10
7
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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:
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
S3
S2
S1
R1
R2
R3
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 :
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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.
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