CAD/CHF

- CHF (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADCHF
ISIN:

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

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

50%

33%

My opinion

Bearish under 0.6352 CHF

My targets

0.6176 CHF (-0.0049)

My analysis

CAD/CHF is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.6352 CHF. The next support located at 0.6176 CHF is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

7.1

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

The CAD/CHF price is 0.6225 CHF. The price registered an increase of +0.06% on the session with the lowest point at 0.6216 CHF and the highest point at 0.6233 CHF. The deviation from the price is +0.14% for the low point and -0.13% for the high point.

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

A study of price movements over other periods shows the following variations:

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 Daily 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, only 9 technical indicators out of 18 studied are currently positioned bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near support of channel

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish harami cross

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.6176	0.6225	0.6352	0.6482	0.6613
Change (%)	-0.79%	-	+2.04%	+4.13%	+6.23%
Change	-0.0049	-	+0.0127	+0.0257	+0.0388
Level	Major	-	Intermediate	Major	Minor

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
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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	42.93
MACD (12,26,9):	-0.0012
Directional Movement:	-4.5869
AROON (14):	35.7143
DEMA (21):	0.6239
Parabolic SAR (0,02-0,02-0,2):	0.6325
Elder Ray (13):	-0.0030
Super Trend (3,10):	0.6166
Zig ZAG (10):	0.6223
VORTEX (21):	0.9393
Stochastique (14,3,5):	36.79
TEMA (21):	0.6254
Williams %R (14):	-76.30
Chande Momentum Oscillator (20):	-0.0038
Repulse (5,40,3):	-1.0046
ROCnROLL:	2
TRIX (15,9):	-0.0324
Courbe Coppock:	0.09

MA7:	0.6262
MA20:	0.6251
MA50:	0.6283
MA100:	0.6426
MAexp7:	0.6250
MAexp20:	0.6259
MAexp50:	0.6307
MAexp100:	0.6381
Price / MA7:	-0.59%
Price / MA20:	-0.42%
Price / MA50:	-0.92%
Price / MA100:	-3.13%
Price / MAexp7:	-0.40%
Price / MAexp20:	-0.54%
Price / MAexp50:	-1.30%
Price / MAexp100:	-2.44%

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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