CAD/CHF

- CHF (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADCHF
ISIN:

CAD/CHF - Weekly - Technical analysis published on 08/04/2024 (GMT)

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

72%

11%

My opinion

Bearish under 0.6352 CHF

My targets

0.5965 CHF (-0.0212)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CAD/CHF as long as the price remains well below 0.6352 CHF. The sellers' bearish objective is set at 0.5965 CHF. A bearish break of this support would revive the bearish momentum. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

7.5

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 Edd8011. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CAD/CHF rating is 0.6177 CHF. The price registered a decrease of -3.29% over 5 days and has been traded over the last 5 days between 0.6175 CHF and 0.6382 CHF. This implies that the 5 day price is +0.03% from its lowest point and -3.21% from its highest point.

0.6175

0.6382

0.6177

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:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 year)

Type : Bearish

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

Technical analysis of this Weekly chart of CAD/CHF indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Moving Average bearish crossovers : AMA20 & AMA50

Type : Bearish

Timeframe : Weekly

In fact, 13 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Weekly

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Weekly

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Weekly

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Weekly

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : Weekly

Near support of channel

Type : Bullish

Timeframe : Weekly

The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:

Bullish harami

Type : Bullish

Timeframe : Weekly

Bullish harami cross

Type : Bullish

Timeframe : Weekly

ProTrendLines

Price

	Price	R1	R2	R3
ProTrendLines	0.6177	0.6352	0.6482	0.6818
Change (%)	-	+2.83%	+4.94%	+10.38%
Change	-	+0.0175	+0.0305	+0.0641
Level	-	Major	Intermediate	Intermediate

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	0.6012	0.6093	0.6135	0.6216	0.6258	0.6339	0.6381
Camarilla	0.6142	0.6154	0.6165	0.6176	0.6187	0.6199	0.6210
Woodie	0.5992	0.6083	0.6115	0.6206	0.6238	0.6329	0.6361
Fibonacci	0.6093	0.6140	0.6169	0.6216	0.6263	0.6292	0.6339

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.5861	0.6018	0.6097	0.6254	0.6333	0.6490	0.6569
Camarilla	0.6111	0.6133	0.6154	0.6176	0.6198	0.6219	0.6241
Woodie	0.5822	0.5999	0.6058	0.6235	0.6294	0.6471	0.6530
Fibonacci	0.6018	0.6108	0.6164	0.6254	0.6344	0.6400	0.6490

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.5965	0.6153	0.6257	0.6445	0.6549	0.6737	0.6841
Camarilla	0.6280	0.6307	0.6333	0.6360	0.6387	0.6414	0.6440
Woodie	0.5922	0.6132	0.6214	0.6424	0.6506	0.6716	0.6798
Fibonacci	0.6153	0.6265	0.6334	0.6445	0.6557	0.6626	0.6737

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):	27.98
MACD (12,26,9):	-0.0065
Directional Movement:	-24.4673
AROON (14):	-64.2857
DEMA (21):	0.6416
Parabolic SAR (0,02-0,02-0,2):	0.6568
Elder Ray (13):	-0.0253
Super Trend (3,10):	0.6483
Zig ZAG (10):	0.6191
VORTEX (21):	0.8431
Stochastique (14,3,5):	5.19
TEMA (21):	0.6361
Williams %R (14):	-96.99
Chande Momentum Oscillator (20):	-0.0489
Repulse (5,40,3):	-4.2244
ROCnROLL:	2
TRIX (15,9):	-0.0250
Courbe Coppock:	7.47

MA7:	0.6309
MA20:	0.6434
MA50:	0.6503
MA100:	0.6576
MAexp7:	0.6364
MAexp20:	0.6479
MAexp50:	0.6555
MAexp100:	0.6691
Price / MA7:	-2.09%
Price / MA20:	-3.99%
Price / MA50:	-5.01%
Price / MA100:	-6.07%
Price / MAexp7:	-2.94%
Price / MAexp20:	-4.66%
Price / MAexp50:	-5.77%
Price / MAexp100:	-7.68%

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:

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

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