EUR/CHF - 1H - Technical analysis published on 11/09/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 0.9596 CHF
My targets
0.9654 CHF (+0.0018)
0.9680 CHF (+0.0044)
My analysis
EUR/CHF 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 0.9596 CHF. The next resistance located at 0.9654 CHF is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.9680 CHF. After this resistance, buyers could then target 0.9786 CHF.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.8
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This analysis was given by hannahfreeman. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/CHF price is 0.9636 CHF. On the day, this instrument gained +0.05% and was between 0.9619 CHF and 0.9649 CHF. This implies that the price is at +0.18% from its lowest and at -0.13% from its highest.0.9619
0.9649
0.9636
Here is a more detailed summary of the historical variations registered by EUR/CHF:
Near a new LOW record (5 years)
Type : Bearish
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
Technical analysis of EUR/CHF in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. This 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.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.9567 | 0.9596 | 0.9630 | 0.9636 | 0.9654 | 0.9680 | 0.9786 |
| Change (%) | -0.72% | -0.42% | -0.06% | - | +0.19% | +0.46% | +1.56% |
| Change | -0.0069 | -0.0040 | -0.0006 | - | +0.0018 | +0.0044 | +0.0150 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9567 | 0.9582 | 0.9606 | 0.9621 | 0.9645 | 0.9660 | 0.9684 |
| Camarilla | 0.9620 | 0.9624 | 0.9627 | 0.9631 | 0.9635 | 0.9638 | 0.9642 |
| Woodie | 0.9573 | 0.9584 | 0.9612 | 0.9623 | 0.9651 | 0.9662 | 0.9690 |
| Fibonacci | 0.9582 | 0.9597 | 0.9606 | 0.9621 | 0.9636 | 0.9645 | 0.9660 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9421 | 0.9471 | 0.9553 | 0.9603 | 0.9685 | 0.9735 | 0.9817 |
| Camarilla | 0.9600 | 0.9612 | 0.9624 | 0.9636 | 0.9648 | 0.9660 | 0.9672 |
| Woodie | 0.9438 | 0.9479 | 0.9570 | 0.9611 | 0.9702 | 0.9743 | 0.9834 |
| Fibonacci | 0.9471 | 0.9521 | 0.9552 | 0.9603 | 0.9653 | 0.9684 | 0.9735 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9200 | 0.9309 | 0.9467 | 0.9576 | 0.9734 | 0.9843 | 1.0001 |
| Camarilla | 0.9553 | 0.9577 | 0.9602 | 0.9626 | 0.9651 | 0.9675 | 0.9699 |
| Woodie | 0.9226 | 0.9321 | 0.9493 | 0.9588 | 0.9760 | 0.9855 | 1.0027 |
| Fibonacci | 0.9309 | 0.9411 | 0.9474 | 0.9576 | 0.9678 | 0.9741 | 0.9843 |
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): | 54.71 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 14.5466 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 0.9635 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9622 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 0.9614 | |
| Zig ZAG (10): | 0.9637 | |
| VORTEX (21): | 1.0357 | |
| Stochastique (14,3,5): | 71.07 | |
| TEMA (21): | 0.9637 | |
| Williams %R (14): | -40.00 | |
| Chande Momentum Oscillator (20): | 0.0006 | |
| Repulse (5,40,3): | 0.0339 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0032 | |
| Courbe Coppock: | 0.10 |
| MA7: | 0.9625 | |
| MA20: | 0.9546 | |
| MA50: | 0.9579 | |
| MA100: | 0.9608 | |
| MAexp7: | 0.9635 | |
| MAexp20: | 0.9632 | |
| MAexp50: | 0.9629 | |
| MAexp100: | 0.9624 | |
| Price / MA7: | +0.11% | |
| Price / MA20: | +0.94% | |
| Price / MA50: | +0.60% | |
| Price / MA100: | +0.29% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.07% | |
| Price / MAexp100: | +0.12% |
Quotes :
-
Real time data
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Forex
News
The last news published on EUR/CHF at the time of the generation of this analysis was as follows:
-
EUR/CHF Forecast November 8, 2022
-
EUR/CHF Forecast September 30, 2022
-
Trading the Trend: #EURCHF to continue downwards?
-
EUR/CHF Forecast September 9, 2022
-
Trade of the Week 22/08 - Short EUR/CHF
This member declared not having a position on this financial instrument or a related financial instrument.
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