EUR/CHF

- CHF (-)

- Real time data - Forex

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Type:	Forex
Ticker:	EURCHF
ISIN:

EUR/CHF - Daily - Technical analysis published on 11/09/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

72%

22%

My opinion

Bullish above 0.9537 CHF

My targets

0.9680 CHF (+0.0042)

0.9786 CHF (+0.0148)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/CHF as long as the price remains well above 0.9537 CHF. The buyers' bullish objective is set at 0.9680 CHF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.9786 CHF. If there is any crossing, the next objective would be the resistance located at 0.9861 CHF.

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

5.4

Comment on the analysis

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.

This analysis was given by hannahfreeman. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

EUR/CHF rating 0.9638 CHF. On the day, this instrument gained +0.07% and was between 0.9619 CHF and 0.9649 CHF. This implies that the price is at +0.20% from its lowest and at -0.11% from its highest.

0.9619

0.9649

0.9638

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 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 Daily of this EUR/CHF chart shows a bullish trend. The signals returned by the moving averages are 64.29% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

Near resistance of channel

Type : Bearish

Timeframe : Daily

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.9491	0.9537	0.9630	0.9638	0.9680	0.9786	0.9861
Change (%)	-1.53%	-1.05%	-0.08%	-	+0.44%	+1.54%	+2.31%
Change	-0.0147	-0.0101	-0.0008	-	+0.0042	+0.0148	+0.0223
Level	Major	Intermediate	Intermediate	-	Intermediate	Intermediate	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.9567	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):	59.00
MACD (12,26,9):	0.0019
Directional Movement:	7.0206
AROON (14):	78.5714
DEMA (21):	0.9601
Parabolic SAR (0,02-0,02-0,2):	0.9538
Elder Ray (13):	0.0037
Super Trend (3,10):	0.9489
Zig ZAG (10):	0.9636
VORTEX (21):	1.0496
Stochastique (14,3,5):	90.04
TEMA (21):	0.9627
Williams %R (14):	-8.37
Chande Momentum Oscillator (20):	0.0174
Repulse (5,40,3):	0.3326
ROCnROLL:	1
TRIX (15,9):	0.0018
Courbe Coppock:	2.96

MA7:	0.9625
MA20:	0.9546
MA50:	0.9579
MA100:	0.9608
MAexp7:	0.9619
MAexp20:	0.9585
MAexp50:	0.9584
MAexp100:	0.9619
Price / MA7:	+0.14%
Price / MA20:	+0.96%
Price / MA50:	+0.62%
Price / MA100:	+0.31%
Price / MAexp7:	+0.20%
Price / MAexp20:	+0.55%
Price / MAexp50:	+0.56%
Price / MAexp100:	+0.20%

Quotes : - Real time data - Forex

News

The latest news and videos published on EUR/CHF 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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