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

EUR/CNH - 1H - Technical analysis published on 05/01/2023 (GMT)

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

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 7.65117 CNH
My targets
7.60449 CNH (-0.02787)
7.57267 CNH (-0.05969)
My analysis
In the short term, we can see an acceleration in the bearish trend on EUR/CNH, which is a positive signal for sellers. As long as the price remains above 7.65117 CNH, a sale could be considered. The first bearish objective is located at 7.60449 CNH. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 7.57267 CNH as an objective. Crossing it would then enable sellers to target 7.51900 CNH. If the price were to return above 7.65117 CNH, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
5.2

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

The EUR/CNH rating is 7.63236 CNH. The price is lower by -0.02% since the last closing with the lowest point at 7.62917 CNH and the highest point at 7.66133 CNH. The deviation from the price is +0.04% for the low point and -0.38% for the high point.

7.62917
7.66133
7.63236

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



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

Central Records

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


Technical analysis of this 1H chart of EUR/CNH indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour



The probability of a further decline is low given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 7.57267 7.60449 7.63225 7.63236 7.65117 7.67077 7.69249
Change (%) -0.78% -0.37% +0.00% - +0.25% +0.50% +0.79%
Change -0.05969 -0.02787 -0.00011 - +0.01881 +0.03841 +0.06013
Level Minor Intermediate Minor - Intermediate 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
Standard7.550067.573777.603847.627557.657627.681337.71140
Camarilla7.619137.624067.628997.633927.638857.643787.64871
Woodie7.553257.575367.607037.629147.660817.682927.71459
Fibonacci7.573777.594317.607007.627557.648097.660787.68133


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.458047.516657.575287.633897.692527.751137.80976
Camarilla7.601687.612437.623177.633927.644677.655417.66616
Woodie7.458067.516667.575307.633907.692547.751147.80978
Fibonacci7.516657.561437.589107.633897.678677.706347.75113


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.217187.323957.478947.585717.740707.847478.00246
Camarilla7.561947.585937.609937.633927.657927.681917.70590
Woodie7.241287.336017.503047.597777.764807.859538.02656
Fibonacci7.323957.423957.485727.585717.685717.747487.84747

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): 42.62
MACD (12,26,9): 0.0018
Directional Movement: -3.33399
AROON (14): -21.42857
DEMA (21): 7.64407
Parabolic SAR (0,02-0,02-0,2): 7.66100
Elder Ray (13): -0.00763
Super Trend (3,10): 7.63006
Zig ZAG (10): 7.63054
VORTEX (21): 0.9883
Stochastique (14,3,5): 22.92
TEMA (21): 7.64566
Williams %R (14): -97.73
Chande Momentum Oscillator (20): -0.01852
Repulse (5,40,3): -0.2681
ROCnROLL: 2
TRIX (15,9): 0.0057
Courbe Coppock: 0.12
MA7: 7.62850
MA20: 7.56789
MA50: 7.45838
MA100: 7.40344
MAexp7: 7.64206
MAexp20: 7.64150
MAexp50: 7.63959
MAexp100: 7.63342
Price / MA7: +0.05%
Price / MA20: +0.85%
Price / MA50: +2.33%
Price / MA100: +3.09%
Price / MAexp7: -0.13%
Price / MAexp20: -0.12%
Price / MAexp50: -0.09%
Price / MAexp100: -0.01%

Quotes : - Real time data - Forex

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

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