GBP/CHF - 15 min. - Technical analysis published on 03/28/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 1.1272 CHF
My targets
1.1316 CHF (+0.0015)
1.1333 CHF (+0.0032)
My analysis
GBP/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 1.1272 CHF. The next resistance located at 1.1316 CHF is the next bullish objective 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 1.1333 CHF. After this resistance, buyers could then target 1.1381 CHF. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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Additional analysis
Quotes
The GBP/CHF price is 1.1301 CHF. The price registered an increase of +0.42% on the session and was between 1.1251 CHF and 1.1318 CHF. This implies that the price is at +0.44% from its lowest and at -0.15% from its highest.1.1251
1.1318
1.1301
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 this 15 min. chart of GBP/CHF indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed 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, 15 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 15 minutes
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 15 minutes
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami cross
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.1206 | 1.1233 | 1.1259 | 1.1301 | 1.1333 | 1.1381 | 1.1429 |
| Change (%) | -0.84% | -0.60% | -0.37% | - | +0.28% | +0.71% | +1.13% |
| Change | -0.0095 | -0.0068 | -0.0042 | - | +0.0032 | +0.0080 | +0.0128 |
| Level | Minor | Major | Major | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1184 | 1.1202 | 1.1228 | 1.1246 | 1.1272 | 1.1290 | 1.1316 |
| Camarilla | 1.1242 | 1.1246 | 1.1250 | 1.1254 | 1.1258 | 1.1262 | 1.1266 |
| Woodie | 1.1188 | 1.1204 | 1.1232 | 1.1248 | 1.1276 | 1.1292 | 1.1320 |
| Fibonacci | 1.1202 | 1.1219 | 1.1229 | 1.1246 | 1.1263 | 1.1273 | 1.1290 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0961 | 1.1084 | 1.1169 | 1.1292 | 1.1377 | 1.1500 | 1.1585 |
| Camarilla | 1.1198 | 1.1217 | 1.1236 | 1.1255 | 1.1274 | 1.1293 | 1.1312 |
| Woodie | 1.0943 | 1.1075 | 1.1151 | 1.1283 | 1.1359 | 1.1491 | 1.1567 |
| Fibonacci | 1.1084 | 1.1163 | 1.1212 | 1.1292 | 1.1371 | 1.1420 | 1.1500 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0864 | 1.0970 | 1.1152 | 1.1258 | 1.1440 | 1.1546 | 1.1728 |
| Camarilla | 1.1256 | 1.1282 | 1.1309 | 1.1335 | 1.1361 | 1.1388 | 1.1414 |
| Woodie | 1.0903 | 1.0989 | 1.1191 | 1.1277 | 1.1479 | 1.1565 | 1.1767 |
| Fibonacci | 1.0970 | 1.1080 | 1.1148 | 1.1258 | 1.1368 | 1.1436 | 1.1546 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 60.31 | |
| MACD (12,26,9): | 0.0007 | |
| Directional Movement: | 10.1908 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 1.1294 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1270 | |
| Elder Ray (13): | 0.0012 | |
| Super Trend (3,10): | 1.1306 | |
| Zig ZAG (10): | 1.1304 | |
| VORTEX (21): | 1.1043 | |
| Stochastique (14,3,5): | 82.37 | |
| TEMA (21): | 1.1297 | |
| Williams %R (14): | -12.20 | |
| Chande Momentum Oscillator (20): | 0.0015 | |
| Repulse (5,40,3): | 0.1150 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0079 | |
| Courbe Coppock: | 0.04 |
| MA7: | 1.1286 | |
| MA20: | 1.1225 | |
| MA50: | 1.1238 | |
| MA100: | 1.1272 | |
| MAexp7: | 1.1293 | |
| MAexp20: | 1.1284 | |
| MAexp50: | 1.1273 | |
| MAexp100: | 1.1263 | |
| Price / MA7: | +0.13% | |
| Price / MA20: | +0.68% | |
| Price / MA50: | +0.56% | |
| Price / MA100: | +0.26% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +0.26% | |
| Price / MAexp100: | +0.35% |
Quotes :
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Real time data
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Forex
News
Don't forget to follow the news on GBP/CHF. At the time of publication of this analysis, the latest news was as follows:
-
GBP/CHF Forecast December24, 2021
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Weekly Technical Analysis: 23/07/2019 - USDJPY, GBPCHF, NZDUSD
-
GBP/CHF Is a Preferred Setup Because of its Lack of Key Events (Quick Take Video)
This member declared not having a position on this financial instrument or a related financial instrument.
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