EUR/CHF - 15 min. - Technical analysis published on 12/07/2023 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 0.9426 CHF
My targets
0.9404 CHF (-0.0005)
0.9392 CHF (-0.0017)
My analysis
The bearish basic trend is very strong on EUR/CHF but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.9426 CHF. Crossing the first support at 0.9404 CHF would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.9392 CHF as an objective. Crossing it would then enable sellers to target 0.9370 CHF. Caution, a return to above the resistance located at 0.9426 CHF would be a sign of a possible consolidation phase of the short-term basic trend. 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, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.5
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Additional analysis
Quotes
EUR/CHF rating 0.9409 CHF. On the day, this instrument lost -0.07% with the lowest point at 0.9408 CHF and the highest point at 0.9426 CHF. The deviation from the price is +0.01% for the low point and -0.18% for the high point.0.9408
0.9426
0.9409
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/CHF in 15 min. shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 15 minutes
In fact, 13 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 15 minutes
Near support of triangle
Type : Bullish
Timeframe : 15 minutes
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 0.9409 | 0.9438 | 0.9491 | 0.9537 |
| Change (%) | - | +0.31% | +0.87% | +1.36% |
| Change | - | +0.0029 | +0.0082 | +0.0128 |
| Level | - | Major | Major | Intermediate |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9370 | 0.9392 | 0.9404 | 0.9426 | 0.9438 | 0.9460 | 0.9472 |
| Camarilla | 0.9407 | 0.9410 | 0.9413 | 0.9416 | 0.9419 | 0.9422 | 0.9425 |
| Woodie | 0.9365 | 0.9390 | 0.9399 | 0.9424 | 0.9433 | 0.9458 | 0.9467 |
| Fibonacci | 0.9392 | 0.9405 | 0.9413 | 0.9426 | 0.9439 | 0.9447 | 0.9460 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9175 | 0.9312 | 0.9385 | 0.9522 | 0.9595 | 0.9732 | 0.9805 |
| Camarilla | 0.9399 | 0.9419 | 0.9438 | 0.9457 | 0.9476 | 0.9496 | 0.9515 |
| Woodie | 0.9142 | 0.9296 | 0.9352 | 0.9506 | 0.9562 | 0.9716 | 0.9772 |
| Fibonacci | 0.9312 | 0.9393 | 0.9442 | 0.9522 | 0.9603 | 0.9652 | 0.9732 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9225 | 0.9349 | 0.9438 | 0.9562 | 0.9651 | 0.9775 | 0.9864 |
| Camarilla | 0.9469 | 0.9489 | 0.9509 | 0.9528 | 0.9548 | 0.9567 | 0.9587 |
| Woodie | 0.9209 | 0.9340 | 0.9422 | 0.9553 | 0.9635 | 0.9766 | 0.9848 |
| Fibonacci | 0.9349 | 0.9430 | 0.9480 | 0.9562 | 0.9643 | 0.9693 | 0.9775 |
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): | 38.61 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -8.6646 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 0.9416 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9423 | |
| Elder Ray (13): | -0.0004 | |
| Super Trend (3,10): | 0.9428 | |
| Zig ZAG (10): | 0.9414 | |
| VORTEX (21): | 0.8909 | |
| Stochastique (14,3,5): | 15.48 | |
| TEMA (21): | 0.9414 | |
| Williams %R (14): | -81.25 | |
| Chande Momentum Oscillator (20): | -0.0009 | |
| Repulse (5,40,3): | -0.0765 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0014 | |
| Courbe Coppock: | 0.14 |
| MA7: | 0.9472 | |
| MA20: | 0.9587 | |
| MA50: | 0.9576 | |
| MA100: | 0.9581 | |
| MAexp7: | 0.9415 | |
| MAexp20: | 0.9417 | |
| MAexp50: | 0.9420 | |
| MAexp100: | 0.9425 | |
| Price / MA7: | -0.67% | |
| Price / MA20: | -1.86% | |
| Price / MA50: | -1.74% | |
| Price / MA100: | -1.80% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | -0.17% |
Quotes :
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Real time data
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Forex
News
The latest news and videos published on EUR/CHF at the time of the analysis were as follows:
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This member declared not having a position on this financial instrument or a related financial instrument.
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