Londinia Opportunities Analyses - 11/14/2024 (GMT) CAD/CHF - 1H

- CHF (-)

- Real time data - Forex

Type:	Forex
Ticker:	CADCHF
ISIN:

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.

FX/Indices
Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 0.6307 CHF

My targets

0.6387 CHF (+0.0057)

0.6456 CHF (+0.0126)

My analysis

The bullish trend is currently very strong on CAD/CHF. As long as the price remains above the support at 0.6307 CHF, you could try to benefit from the boom. The first bullish objective is located at 0.6387 CHF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.6456 CHF as an objective. Crossing it would then enable buyers to target 0.6482 CHF. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

8.4

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Additional analysis

Quotes

CAD/CHF rating 0.6330 CHF. On the day, this instrument gained +0.00% and was between 0.6329 CHF and 0.6331 CHF. This implies that the price is at +0.02% from its lowest and at -0.02% from its highest.

0.6329

0.6331

0.6330

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this CAD/CHF 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bullish signal.
The Central Indicators scanner found no further results concerning independent technical indicators.

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.6264	0.6307	0.6324	0.6330	0.6336	0.6482	0.6613
Change (%)	-1.04%	-0.36%	-0.09%	-	+0.09%	+2.40%	+4.47%
Change	-0.0066	-0.0023	-0.0006	-	+0.0006	+0.0152	+0.0283
Level	Minor	Major	Intermediate	-	Intermediate	Major	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6287	0.6299	0.6314	0.6326	0.6341	0.6353	0.6368
Camarilla	0.6323	0.6325	0.6328	0.6330	0.6333	0.6335	0.6337
Woodie	0.6290	0.6300	0.6317	0.6327	0.6344	0.6354	0.6371
Fibonacci	0.6299	0.6309	0.6315	0.6326	0.6336	0.6342	0.6353

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6108	0.6155	0.6224	0.6271	0.6340	0.6387	0.6456
Camarilla	0.6262	0.6273	0.6283	0.6294	0.6305	0.6315	0.6326
Woodie	0.6120	0.6161	0.6236	0.6277	0.6352	0.6393	0.6468
Fibonacci	0.6155	0.6199	0.6226	0.6271	0.6315	0.6342	0.6387

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6001	0.6098	0.6147	0.6244	0.6293	0.6390	0.6439
Camarilla	0.6157	0.6170	0.6184	0.6197	0.6210	0.6224	0.6237
Woodie	0.5978	0.6086	0.6124	0.6232	0.6270	0.6378	0.6416
Fibonacci	0.6098	0.6153	0.6188	0.6244	0.6299	0.6334	0.6390

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):	55.31
MACD (12,26,9):	0.0002
Directional Movement:	-3.3213
AROON (14):	28.5715
DEMA (21):	0.6329
Parabolic SAR (0,02-0,02-0,2):	0.6319
Elder Ray (13):	0.0003
Super Trend (3,10):	0.6311
Zig ZAG (10):	0.6331
VORTEX (21):	1.0359
Stochastique (14,3,5):	69.14
TEMA (21):	0.6329
Williams %R (14):	-25.93
Chande Momentum Oscillator (20):	0.0012
Repulse (5,40,3):	0.0151
ROCnROLL:	1
TRIX (15,9):	0.0028
Courbe Coppock:	0.12

MA7:	0.6311
MA20:	0.6264
MA50:	0.6262
MA100:	0.6324
MAexp7:	0.6329
MAexp20:	0.6327
MAexp50:	0.6323
MAexp100:	0.6312
Price / MA7:	+0.30%
Price / MA20:	+1.05%
Price / MA50:	+1.09%
Price / MA100:	+0.09%
Price / MAexp7:	+0.02%
Price / MAexp20:	+0.05%
Price / MAexp50:	+0.11%
Price / MAexp100:	+0.29%

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: