CAD/CHF

- CHF (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADCHF
ISIN:

CAD/CHF - 1H - Technical analysis published on 10/31/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

61%

28%

My opinion

Bearish under 0.6226 CHF

My targets

0.6176 CHF (-0.0043)

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 0.6226 CHF. The sellers' bearish objective is set at 0.6176 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.

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

7.7

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

Additional analysis

Quotes

The CAD/CHF rating is 0.6219 CHF. On the day, this instrument lost -0.18% with the lowest point at 0.6216 CHF and the highest point at 0.6231 CHF. The deviation from the price is +0.05% for the low point and -0.19% for the high point.

0.6216

0.6231

0.6219

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, 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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

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. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 11 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near support of channel

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.6176	0.6219	0.6220	0.6226	0.6241
Change (%)	-0.69%	-	+0.02%	+0.11%	+0.35%
Change	-0.0043	-	+0.0001	+0.0007	+0.0022
Level	Major	-	Major	Minor	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	0.6199	0.6209	0.6220	0.6230	0.6241	0.6251	0.6262
Camarilla	0.6224	0.6226	0.6228	0.6230	0.6232	0.6234	0.6236
Woodie	0.6199	0.6209	0.6220	0.6230	0.6241	0.6251	0.6262
Fibonacci	0.6209	0.6217	0.6222	0.6230	0.6238	0.6243	0.6251

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6164	0.6197	0.6218	0.6251	0.6272	0.6305	0.6326
Camarilla	0.6223	0.6228	0.6233	0.6238	0.6243	0.6248	0.6253
Woodie	0.6157	0.6194	0.6211	0.6248	0.6265	0.6302	0.6319
Fibonacci	0.6197	0.6218	0.6231	0.6251	0.6272	0.6285	0.6305

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6051	0.6121	0.6186	0.6256	0.6321	0.6391	0.6456
Camarilla	0.6213	0.6225	0.6238	0.6250	0.6262	0.6275	0.6287
Woodie	0.6048	0.6120	0.6183	0.6255	0.6318	0.6390	0.6453
Fibonacci	0.6121	0.6173	0.6205	0.6256	0.6308	0.6340	0.6391

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):	37.44
MACD (12,26,9):	-0.0003
Directional Movement:	-8.0095
AROON (14):	-64.2857
DEMA (21):	0.6223
Parabolic SAR (0,02-0,02-0,2):	0.6234
Elder Ray (13):	-0.0006
Super Trend (3,10):	0.6237
Zig ZAG (10):	0.6220
VORTEX (21):	0.9333
Stochastique (14,3,5):	12.87
TEMA (21):	0.6222
Williams %R (14):	-80.95
Chande Momentum Oscillator (20):	-0.0009
Repulse (5,40,3):	-0.0072
ROCnROLL:	2
TRIX (15,9):	-0.0046
Courbe Coppock:	0.14

MA7:	0.6237
MA20:	0.6257
MA50:	0.6260
MA100:	0.6347
MAexp7:	0.6223
MAexp20:	0.6227
MAexp50:	0.6231
MAexp100:	0.6238
Price / MA7:	-0.29%
Price / MA20:	-0.61%
Price / MA50:	-0.65%
Price / MA100:	-2.02%
Price / MAexp7:	-0.06%
Price / MAexp20:	-0.13%
Price / MAexp50:	-0.19%
Price / MAexp100:	-0.30%

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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