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CAD/CHF
CAD CHF
- CHF (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CADCHF
ISIN:

CAD/CHF - 1H - Technical analysis published on 08/06/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 0.6254 CHF
My targets
0.6144 CHF (-0.0042)
0.6098 CHF (-0.0088)
My analysis
Has the basic bearish 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 bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.6254 CHF remains possible. It is advisable to trade CAD/CHF with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.6254 CHF. The next bearish objective for sellers is set at 0.6144 CHF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.6098 CHF. In case of crossing, the next objective would be the support located at 0.6060 CHF. PS: if there is a bullish break in the resistance located at 0.6254 CHF we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
1.1

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.

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15 min. Daily Weekly

Additional analysis

Quotes

The CAD/CHF price is 0.6186 CHF. The price registered a decrease of -0.10% on the session and was between 0.6152 CHF and 0.6206 CHF. This implies that the price is at +0.55% from its lowest and at -0.32% from its highest.

0.6152
0.6206
0.6186

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:

Central Records

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


A technical analysis in 1H of this CAD/CHF chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.6060 0.6098 0.6144 0.6186 0.6188 0.6298 0.6352
Change (%) -2.04% -1.42% -0.68% - +0.03% +1.81% +2.68%
Change -0.0126 -0.0088 -0.0042 - +0.0002 +0.0112 +0.0166
Level Major Minor Minor - Major Minor Major



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.59600.60100.61010.61510.62420.62920.6383
Camarilla0.61530.61660.61790.61920.62050.62180.6231
Woodie0.59810.60200.61220.61610.62630.63020.6404
Fibonacci0.60100.60640.60970.61510.62050.62380.6292


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.58610.60180.60970.62540.63330.64900.6569
Camarilla0.61110.61330.61540.61760.61980.62190.6241
Woodie0.58220.59990.60580.62350.62940.64710.6530
Fibonacci0.60180.61080.61640.62540.63440.64000.6490


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.59650.61530.62570.64450.65490.67370.6841
Camarilla0.62800.63070.63330.63600.63870.64140.6440
Woodie0.59220.61320.62140.64240.65060.67160.6798
Fibonacci0.61530.62650.63340.64450.65570.66260.6737

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): 50.38
MACD (12,26,9): 0.0003
Directional Movement: -3.9518
AROON (14): 35.7143
DEMA (21): 0.6185
Parabolic SAR (0,02-0,02-0,2): 0.6168
Elder Ray (13): -0.0002
Super Trend (3,10): 0.6146
Zig ZAG (10): 0.6178
VORTEX (21): 0.9803
Stochastique (14,3,5): 54.94
TEMA (21): 0.6191
Williams %R (14): -44.44
Chande Momentum Oscillator (20): 0.0008
Repulse (5,40,3): -0.1153
ROCnROLL: 2
TRIX (15,9): 0.0105
Courbe Coppock: 0.03
MA7: 0.6280
MA20: 0.6414
MA50: 0.6493
MA100: 0.6572
MAexp7: 0.6184
MAexp20: 0.6181
MAexp50: 0.6188
MAexp100: 0.6226
Price / MA7: -1.50%
Price / MA20: -3.55%
Price / MA50: -4.73%
Price / MA100: -5.87%
Price / MAexp7: +0.03%
Price / MAexp20: +0.08%
Price / MAexp50: -0.03%
Price / MAexp100: -0.64%

Quotes : - Real time data - Forex

News


Don't forget to follow the news on CAD/CHF. At the time of publication of this analysis, the latest news was as follows:

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

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