EUR/CHF

- CHF (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	EURCHF
ISIN:

EUR/CHF - 1H - Technical analysis published on 02/29/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

50%

28%

My opinion

Bearish under 0.9535 CHF

My targets

0.9504 CHF (-0.0014)

0.9491 CHF (-0.0027)

My analysis

The bearish trend is currently very strong for EUR/CHF. As long as the price remains below the resistance at 0.9535 CHF, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.9504 CHF. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.9491 CHF as an objective. Crossing it would then enable sellers to target 0.9485 CHF. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 not called into question, despite technical indicators being neutral.

Force

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 lapteve. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

EUR/CHF rating 0.9518 CHF. The price registered a decrease of -0.06% on the session with the lowest point at 0.9514 CHF and the highest point at 0.9525 CHF. The deviation from the price is +0.04% for the low point and -0.07% for the high point.

0.9514

0.9525

0.9518

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by EUR/CHF:

The Central Records scanner for higher/lower results shows the following items:

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 LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of EUR/CHF in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 5 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Aroon indicator bearish trend

Type : Bearish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of channel

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.9497	0.9504	0.9516	0.9518	0.9526	0.9535	0.9543
Change (%)	-0.22%	-0.15%	-0.02%	-	+0.08%	+0.18%	+0.26%
Change	-0.0021	-0.0014	-0.0002	-	+0.0008	+0.0017	+0.0025
Level	Intermediate	Minor	Major	-	Minor	Major	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.9484	0.9498	0.9511	0.9525	0.9538	0.9552	0.9565
Camarilla	0.9517	0.9519	0.9522	0.9524	0.9527	0.9529	0.9531
Woodie	0.9484	0.9498	0.9511	0.9525	0.9538	0.9552	0.9565
Fibonacci	0.9498	0.9508	0.9515	0.9525	0.9535	0.9542	0.9552

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.9439	0.9462	0.9498	0.9521	0.9557	0.9580	0.9616
Camarilla	0.9519	0.9524	0.9530	0.9535	0.9540	0.9546	0.9551
Woodie	0.9447	0.9465	0.9506	0.9524	0.9565	0.9583	0.9624
Fibonacci	0.9462	0.9484	0.9498	0.9521	0.9543	0.9557	0.9580

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.9031	0.9150	0.9234	0.9353	0.9437	0.9556	0.9640
Camarilla	0.9261	0.9280	0.9298	0.9317	0.9336	0.9354	0.9373
Woodie	0.9013	0.9141	0.9216	0.9344	0.9419	0.9547	0.9622
Fibonacci	0.9150	0.9228	0.9276	0.9353	0.9431	0.9479	0.9556

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):	40.63
MACD (12,26,9):	-0.0004
Directional Movement:	-6.3882
AROON (14):	-78.5714
DEMA (21):	0.9519
Parabolic SAR (0,02-0,02-0,2):	0.9536
Elder Ray (13):	-0.0005
Super Trend (3,10):	0.9537
Zig ZAG (10):	0.9518
VORTEX (21):	0.9244
Stochastique (14,3,5):	11.85
TEMA (21):	0.9519
Williams %R (14):	-84.00
Chande Momentum Oscillator (20):	-0.0017
Repulse (5,40,3):	-0.0231
ROCnROLL:	2
TRIX (15,9):	-0.0052
Courbe Coppock:	0.11

MA7:	0.9528
MA20:	0.9474
MA50:	0.9409
MA100:	0.9481
MAexp7:	0.9520
MAexp20:	0.9524
MAexp50:	0.9530
MAexp100:	0.9531
Price / MA7:	-0.10%
Price / MA20:	+0.46%
Price / MA50:	+1.16%
Price / MA100:	+0.39%
Price / MAexp7:	-0.02%
Price / MAexp20:	-0.06%
Price / MAexp50:	-0.13%
Price / MAexp100:	-0.14%

Quotes : - Real time data - Forex

News

Don't forget to follow the news on EUR/CHF. At the time of publication of this analysis, the latest news was as follows:

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

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