GBP/CHF - 1H - Technical analysis published on 05/23/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 1.1193 CHF
My targets
1.1134 CHF (-0.0034)
1.1077 CHF (-0.0091)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GBP/CHF. As long as you are under the resistance located at 1.1193 CHF, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 1.1134 CHF would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 1.1077 CHF as an objective. Crossing it would then enable sellers to target 1.0938 CHF. If the resistance 1.1193 CHF were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/CHF price is 1.1168 CHF. The price is lower by -0.02% since the last closing and was traded between 1.1146 CHF and 1.1179 CHF over the period. The price is currently at +0.20% from its lowest and -0.10% from its highest.1.1146
1.1179
1.1168
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/CHF chart shows a bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.1077 | 1.1134 | 1.1165 | 1.1168 | 1.1193 | 1.1233 | 1.1248 |
| Change (%) | -0.81% | -0.30% | -0.03% | - | +0.22% | +0.58% | +0.72% |
| Change | -0.0091 | -0.0034 | -0.0003 | - | +0.0025 | +0.0065 | +0.0080 |
| Level | Major | Minor | Intermediate | - | Major | Major | Minor |
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 | 1.1062 | 1.1098 | 1.1134 | 1.1170 | 1.1206 | 1.1242 | 1.1278 |
| Camarilla | 1.1150 | 1.1157 | 1.1163 | 1.1170 | 1.1177 | 1.1183 | 1.1190 |
| Woodie | 1.1062 | 1.1098 | 1.1134 | 1.1170 | 1.1206 | 1.1242 | 1.1278 |
| Fibonacci | 1.1098 | 1.1126 | 1.1143 | 1.1170 | 1.1198 | 1.1215 | 1.1242 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1068 | 1.1113 | 1.1157 | 1.1202 | 1.1246 | 1.1291 | 1.1335 |
| Camarilla | 1.1176 | 1.1184 | 1.1192 | 1.1200 | 1.1208 | 1.1216 | 1.1225 |
| Woodie | 1.1067 | 1.1113 | 1.1156 | 1.1202 | 1.1245 | 1.1291 | 1.1334 |
| Fibonacci | 1.1113 | 1.1147 | 1.1168 | 1.1202 | 1.1236 | 1.1257 | 1.1291 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0648 | 1.0837 | 1.1037 | 1.1226 | 1.1426 | 1.1615 | 1.1815 |
| Camarilla | 1.1129 | 1.1165 | 1.1200 | 1.1236 | 1.1272 | 1.1307 | 1.1343 |
| Woodie | 1.0653 | 1.0840 | 1.1042 | 1.1229 | 1.1431 | 1.1618 | 1.1820 |
| Fibonacci | 1.0837 | 1.0986 | 1.1078 | 1.1226 | 1.1375 | 1.1467 | 1.1615 |
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): | 47.37 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | -11.1786 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 1.1163 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1177 | |
| Elder Ray (13): | -0.0006 | |
| Super Trend (3,10): | 1.1182 | |
| Zig ZAG (10): | 1.1167 | |
| VORTEX (21): | 1.0318 | |
| Stochastique (14,3,5): | 58.59 | |
| TEMA (21): | 1.1166 | |
| Williams %R (14): | -42.42 | |
| Chande Momentum Oscillator (20): | -0.0005 | |
| Repulse (5,40,3): | 0.1133 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0042 | |
| Courbe Coppock: | 0.01 |
| MA7: | 1.1199 | |
| MA20: | 1.1189 | |
| MA50: | 1.1213 | |
| MA100: | 1.1224 | |
| MAexp7: | 1.1165 | |
| MAexp20: | 1.1168 | |
| MAexp50: | 1.1177 | |
| MAexp100: | 1.1188 | |
| Price / MA7: | -0.28% | |
| Price / MA20: | -0.19% | |
| Price / MA50: | -0.40% | |
| Price / MA100: | -0.50% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | -0.08% | |
| Price / MAexp100: | -0.18% |
Quotes :
-
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
-
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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