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USD/CNH
USD CNH
- CNH (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: USDCNH
ISIN:

USD/CNH - 15 min. - Technical analysis published on 10/13/2022 (GMT)

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  • Timeframe : 15 min.
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 7.19411 CNH
My targets
7.23334 CNH (+0.00286)
My analysis
USD/CNH is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 7.19411 CNH. The next resistance located at 7.23334 CNH is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.9

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.

Rachid007
This analysis was given by Rachid007. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The USD/CNH price is 7.23048 CNH. The price has increased by +0.77% since the last closing and was traded between 7.16330 CNH and 7.23829 CNH over the period. The price is currently at +0.94% from its lowest and -0.11% from its highest.

7.16330
7.23829
7.23048

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

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by USD/CNH:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 15 min. of this USD/CNH chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 15 minutes


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 15 minutes



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 15 minutes



The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 7.14727 7.16908 7.19259 7.23048
Change (%) -1.15% -0.85% -0.52% -
Change -0.08321 -0.06140 -0.03789 -
Level Intermediate Minor Major -



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.115657.134607.154887.173837.194117.213067.23334
Camarilla7.164387.167987.171577.175177.178777.182367.18596
Woodie7.116337.134937.155567.174167.194797.213397.23402
Fibonacci7.134607.149587.158847.173837.188817.198077.21306


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.901436.957077.045037.100677.188637.244277.33223
Camarilla7.093517.106677.119847.133007.146167.159337.17249
Woodie6.917606.965157.061207.108757.204807.252357.34840
Fibonacci6.957077.011927.045817.100677.155527.189417.24427


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.550916.719656.929887.098627.308857.477597.68782
Camarilla7.035887.070627.105367.140107.174847.209587.24432
Woodie6.571656.730026.950627.108997.329597.487967.70856
Fibonacci6.719656.864426.953867.098627.243397.332837.47759

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): 72.17
MACD (12,26,9): 0.0076
Directional Movement: 34.02454
AROON (14): 35.71428
DEMA (21): 7.21012
Parabolic SAR (0,02-0,02-0,2): 7.18542
Elder Ray (13): 0.02239
Super Trend (3,10): 7.20394
Zig ZAG (10): 7.23310
VORTEX (21): 1.2225
Stochastique (14,3,5): 85.63
TEMA (21): 7.21458
Williams %R (14): -14.42
Chande Momentum Oscillator (20): 0.03579
Repulse (5,40,3): 0.2557
ROCnROLL: 1
TRIX (15,9): 0.0076
Courbe Coppock: 0.49
MA7: 7.14680
MA20: 7.11232
MA50: 6.96717
MA100: 6.84347
MAexp7: 7.21464
MAexp20: 7.20116
MAexp50: 7.19231
MAexp100: 7.18627
Price / MA7: +1.17%
Price / MA20: +1.66%
Price / MA50: +3.78%
Price / MA100: +5.66%
Price / MAexp7: +0.22%
Price / MAexp20: +0.41%
Price / MAexp50: +0.53%
Price / MAexp100: +0.62%

Quotes : - Real time data - Forex

News


The latest news and videos published on USD/CNH 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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