CAD/CHF

- CHF (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADCHF
ISIN:

CAD/CHF - 1H - Technical analysis published on 09/30/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

33%

44%

22%

My opinion

Bearish under 0.6235 CHF

My targets

0.6192 CHF (-0.0033)

0.6176 CHF (-0.0049)

My analysis

The bearish trend is currently very strong for CAD/CHF. As long as the price remains below the resistance at 0.6235 CHF, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.6192 CHF. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.6176 CHF as an objective. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

Force

6.4

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

Additional analysis

Quotes

CAD/CHF rating 0.6225 CHF. The price has increased by +0.06% since the last closing and was traded between 0.6216 CHF and 0.6233 CHF over the period. The price is currently at +0.14% from its lowest and -0.13% from its highest.

0.6216

0.6233

0.6225

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this CAD/CHF chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from 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, 6 are bullish, 4 are neutral and 8 are bearish. The Central Indicators scanner found no further results concerning independent technical indicators.

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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.6176	0.6192	0.6219	0.6225	0.6235	0.6264	0.6295
Change (%)	-0.79%	-0.53%	-0.10%	-	+0.16%	+0.63%	+1.12%
Change	-0.0049	-0.0033	-0.0006	-	+0.0010	+0.0039	+0.0070
Level	Major	Major	Minor	-	Minor	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	0.6109	0.6161	0.6191	0.6243	0.6273	0.6325	0.6355
Camarilla	0.6199	0.6206	0.6214	0.6221	0.6229	0.6236	0.6244
Woodie	0.6098	0.6156	0.6180	0.6238	0.6262	0.6320	0.6344
Fibonacci	0.6161	0.6192	0.6212	0.6243	0.6274	0.6294	0.6325

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6066	0.6140	0.6180	0.6254	0.6294	0.6368	0.6408
Camarilla	0.6190	0.6200	0.6211	0.6221	0.6232	0.6242	0.6252
Woodie	0.6050	0.6132	0.6164	0.6246	0.6278	0.6360	0.6392
Fibonacci	0.6140	0.6183	0.6210	0.6254	0.6297	0.6324	0.6368

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.5805	0.5932	0.6116	0.6243	0.6427	0.6554	0.6738
Camarilla	0.6214	0.6242	0.6271	0.6299	0.6328	0.6356	0.6385
Woodie	0.5833	0.5946	0.6144	0.6257	0.6455	0.6568	0.6766
Fibonacci	0.5932	0.6051	0.6125	0.6243	0.6362	0.6436	0.6554

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	32.83
MACD (12,26,9):	-0.0014
Directional Movement:	-13.7868
AROON (14):	-42.8571
DEMA (21):	0.6218
Parabolic SAR (0,02-0,02-0,2):	0.6214
Elder Ray (13):	-0.0007
Super Trend (3,10):	0.6253
Zig ZAG (10):	0.6223
VORTEX (21):	0.7967
Stochastique (14,3,5):	24.13
TEMA (21):	0.6215
Williams %R (14):	-73.81
Chande Momentum Oscillator (20):	-0.0014
Repulse (5,40,3):	0.0170
ROCnROLL:	2
TRIX (15,9):	-0.0356
Courbe Coppock:	0.90

MA7:	0.6262
MA20:	0.6251
MA50:	0.6283
MA100:	0.6426
MAexp7:	0.6225
MAexp20:	0.6236
MAexp50:	0.6258
MAexp100:	0.6266
Price / MA7:	-0.59%
Price / MA20:	-0.42%
Price / MA50:	-0.92%
Price / MA100:	-3.13%
Price / MAexp7:	-0%
Price / MAexp20:	-0.18%
Price / MAexp50:	-0.53%
Price / MAexp100:	-0.65%

Quotes : - Real time data - Forex

News

The latest news and videos published on CAD/CHF at the time of the analysis were as follows:

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

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