GBP/CHF - 1H - Technical analysis published on 07/04/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 1.1407 CHF
My targets
1.1357 CHF (-0.0013)
1.1340 CHF (-0.0030)
My analysis
GBP/CHF is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.1407 CHF. The next support located at 1.1357 CHF is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.1340 CHF. Below this support, sellers could then target 1.1318 CHF.
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
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 rating is 1.1370 CHF. On the day, this instrument lost -0.01% and was traded between 1.1361 CHF and 1.1387 CHF over the period. The price is currently at +0.08% from its lowest and -0.15% from its highest.1.1361
1.1387
1.1370
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
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
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GBP/CHF indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Horizontal resistance is broken
Type : Bullish
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 | 1.1318 | 1.1340 | 1.1357 | 1.1370 | 1.1380 | 1.1407 | 1.1429 |
| Change (%) | -0.46% | -0.26% | -0.11% | - | +0.09% | +0.33% | +0.52% |
| Change | -0.0052 | -0.0030 | -0.0013 | - | +0.0010 | +0.0037 | +0.0059 |
| Level | Major | Major | Intermediate | - | Minor | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1258 | 1.1296 | 1.1333 | 1.1371 | 1.1408 | 1.1446 | 1.1483 |
| Camarilla | 1.1350 | 1.1357 | 1.1364 | 1.1371 | 1.1378 | 1.1385 | 1.1392 |
| Woodie | 1.1259 | 1.1296 | 1.1334 | 1.1371 | 1.1409 | 1.1446 | 1.1484 |
| Fibonacci | 1.1296 | 1.1324 | 1.1342 | 1.1371 | 1.1399 | 1.1417 | 1.1446 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1194 | 1.1255 | 1.1313 | 1.1374 | 1.1432 | 1.1493 | 1.1551 |
| Camarilla | 1.1339 | 1.1350 | 1.1361 | 1.1372 | 1.1383 | 1.1394 | 1.1405 |
| Woodie | 1.1194 | 1.1254 | 1.1313 | 1.1373 | 1.1432 | 1.1492 | 1.1551 |
| Fibonacci | 1.1255 | 1.1300 | 1.1328 | 1.1374 | 1.1419 | 1.1447 | 1.1493 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0968 | 1.1103 | 1.1237 | 1.1372 | 1.1506 | 1.1641 | 1.1775 |
| Camarilla | 1.1298 | 1.1323 | 1.1347 | 1.1372 | 1.1397 | 1.1421 | 1.1446 |
| Woodie | 1.0969 | 1.1103 | 1.1238 | 1.1372 | 1.1507 | 1.1641 | 1.1776 |
| Fibonacci | 1.1103 | 1.1205 | 1.1269 | 1.1372 | 1.1474 | 1.1538 | 1.1641 |
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): | 44.26 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -4.9967 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 1.1377 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1399 | |
| Elder Ray (13): | -0.0008 | |
| Super Trend (3,10): | 1.1356 | |
| Zig ZAG (10): | 1.1369 | |
| VORTEX (21): | 0.8730 | |
| Stochastique (14,3,5): | 38.21 | |
| TEMA (21): | 1.1373 | |
| Williams %R (14): | -73.08 | |
| Chande Momentum Oscillator (20): | -0.0009 | |
| Repulse (5,40,3): | -0.1231 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0004 | |
| Courbe Coppock: | 0.03 |
| MA7: | 1.1367 | |
| MA20: | 1.1387 | |
| MA50: | 1.1280 | |
| MA100: | 1.1246 | |
| MAexp7: | 1.1375 | |
| MAexp20: | 1.1377 | |
| MAexp50: | 1.1374 | |
| MAexp100: | 1.1373 | |
| Price / MA7: | +0.03% | |
| Price / MA20: | -0.15% | |
| Price / MA50: | +0.80% | |
| Price / MA100: | +1.10% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.04% | |
| Price / MAexp100: | -0.03% |
Quotes :
-
Real time data
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Forex
News
The last news published on GBP/CHF at the time of the generation of this analysis 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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