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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 - 1H - Technical analysis published on 01/04/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
22%
44%
33%
My opinion
Bullish above 7.12395 CNH
My targets
7.17266 CNH (+0.01339)
7.19041 CNH (+0.03114)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on USD/CNH. As long as you are above the support located at 7.12395 CNH, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 7.17266 CNH would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 7.19041 CNH as an objective. Crossing it would then enable buyers to target 7.27040 CNH. If the support 7.12395 CNH were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2.5

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

USD/CNH rating 7.15927 CNH. On the day, this instrument lost -0.03% and was traded between 7.15258 CNH and 7.16818 CNH over the period. The price is currently at +0.09% from its lowest and -0.12% from its highest.

7.15258
7.16818
7.15927

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

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:

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 LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of USD/CNH indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 6 are neutral and 8 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour



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

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour



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:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 7.11017 7.12395 7.15483 7.15927 7.16361 7.17266 7.19041
Change (%) -0.69% -0.49% -0.06% - +0.06% +0.19% +0.43%
Change -0.04910 -0.03532 -0.00444 - +0.00434 +0.01339 +0.03114
Level Minor Major Major - Minor Intermediate Major



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.115387.129057.145327.158997.175267.188937.20520
Camarilla7.153367.156107.158857.161597.164347.167087.16982
Woodie7.116687.129707.146627.159647.176567.189587.20650
Fibonacci7.129057.140497.147557.158997.170437.177497.18893


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.125687.125687.125687.125687.125687.125687.12568
Camarilla7.125687.125687.125687.125687.125687.125687.12568
Woodie7.125687.125687.125687.125687.125687.125687.12568
Fibonacci7.125687.125687.125687.125687.125687.125687.12568


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.962737.025127.075227.137617.187717.250107.30020
Camarilla7.094387.104697.115007.125317.135627.145937.15625
Woodie6.956587.022057.069077.134547.181567.247037.29405
Fibonacci7.025127.068107.094647.137617.180597.207137.25010

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 50.10
MACD (12,26,9): 0.0017
Directional Movement: -0.78207
AROON (14): -85.71428
DEMA (21): 7.16389
Parabolic SAR (0,02-0,02-0,2): 7.16778
Elder Ray (13): -0.00291
Super Trend (3,10): 7.15000
Zig ZAG (10): 7.15919
VORTEX (21): 1.0102
Stochastique (14,3,5): 23.89
TEMA (21): 7.16124
Williams %R (14): -66.05
Chande Momentum Oscillator (20): -0.00500
Repulse (5,40,3): -0.0385
ROCnROLL: -1
TRIX (15,9): 0.0065
Courbe Coppock: 0.09
MA7: 7.13687
MA20: 7.14652
MA50: 7.19464
MA100: 7.25012
MAexp7: 7.16068
MAexp20: 7.16082
MAexp50: 7.15382
MAexp100: 7.14617
Price / MA7: +0.31%
Price / MA20: +0.18%
Price / MA50: -0.49%
Price / MA100: -1.25%
Price / MAexp7: -0.02%
Price / MAexp20: -0.02%
Price / MAexp50: +0.08%
Price / MAexp100: +0.18%

Quotes : - Real time data - Forex

News


The last news published on USD/CNH 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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Londinia
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