GBP/CHF - Daily - Technical analysis published on 06/19/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 1.1429 CHF
My targets
1.1561 CHF (+0.0082)
1.1654 CHF (+0.0175)
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 1.1429 CHF. The next resistance located at 1.1561 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 1.1654 CHF. After this resistance, buyers could then target 1.2184 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.
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
0
10
8.6
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This analysis was given by Ahmadjdid. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/CHF price is 1.1479 CHF. The price has increased by +0.12% since the last closing and was between 1.1449 CHF and 1.1487 CHF. This implies that the price is at +0.26% from its lowest and at -0.07% from its highest.1.1449
1.1487
1.1479
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this GBP/CHF chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA50 & MA100
Type : Bullish
Timeframe : Daily
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
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 : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
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 | 1.1233 | 1.1342 | 1.1429 | 1.1479 | 1.1561 | 1.2184 | 1.3009 |
| Change (%) | -2.14% | -1.19% | -0.44% | - | +0.71% | +6.14% | +13.33% |
| Change | -0.0246 | -0.0137 | -0.0050 | - | +0.0082 | +0.0705 | +0.1530 |
| Level | Major | Major | Major | - | Minor | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1328 | 1.1358 | 1.1412 | 1.1442 | 1.1496 | 1.1526 | 1.1580 |
| Camarilla | 1.1442 | 1.1450 | 1.1457 | 1.1465 | 1.1473 | 1.1480 | 1.1488 |
| Woodie | 1.1339 | 1.1364 | 1.1423 | 1.1448 | 1.1507 | 1.1532 | 1.1591 |
| Fibonacci | 1.1358 | 1.1390 | 1.1410 | 1.1442 | 1.1474 | 1.1494 | 1.1526 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1256 | 1.1301 | 1.1383 | 1.1428 | 1.1510 | 1.1555 | 1.1637 |
| Camarilla | 1.1430 | 1.1442 | 1.1453 | 1.1465 | 1.1477 | 1.1488 | 1.1500 |
| Woodie | 1.1275 | 1.1310 | 1.1402 | 1.1437 | 1.1529 | 1.1564 | 1.1656 |
| Fibonacci | 1.1301 | 1.1350 | 1.1380 | 1.1428 | 1.1477 | 1.1507 | 1.1555 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0922 | 1.1008 | 1.1166 | 1.1252 | 1.1410 | 1.1496 | 1.1654 |
| Camarilla | 1.1258 | 1.1280 | 1.1303 | 1.1325 | 1.1347 | 1.1370 | 1.1392 |
| Woodie | 1.0959 | 1.1026 | 1.1203 | 1.1270 | 1.1447 | 1.1514 | 1.1691 |
| Fibonacci | 1.1008 | 1.1101 | 1.1159 | 1.1252 | 1.1345 | 1.1403 | 1.1496 |
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): | 69.65 | |
| MACD (12,26,9): | 0.0063 | |
| Directional Movement: | 19.9206 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 1.1409 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1310 | |
| Elder Ray (13): | 0.0098 | |
| Super Trend (3,10): | 1.1267 | |
| Zig ZAG (10): | 1.1471 | |
| VORTEX (21): | 1.1802 | |
| Stochastique (14,3,5): | 91.78 | |
| TEMA (21): | 1.1452 | |
| Williams %R (14): | -4.80 | |
| Chande Momentum Oscillator (20): | 0.0130 | |
| Repulse (5,40,3): | 0.7969 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0596 | |
| Courbe Coppock: | 3.31 |
| MA7: | 1.1413 | |
| MA20: | 1.1307 | |
| MA50: | 1.1224 | |
| MA100: | 1.1223 | |
| MAexp7: | 1.1414 | |
| MAexp20: | 1.1334 | |
| MAexp50: | 1.1271 | |
| MAexp100: | 1.1256 | |
| Price / MA7: | +0.58% | |
| Price / MA20: | +1.52% | |
| Price / MA50: | +2.27% | |
| Price / MA100: | +2.28% | |
| Price / MAexp7: | +0.57% | |
| Price / MAexp20: | +1.28% | |
| Price / MAexp50: | +1.85% | |
| Price / MAexp100: | +1.98% |
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
-
Weekly Technical Analysis: 23/07/2019 - USDJPY, GBPCHF, NZDUSD
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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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