EUR/CHF - 1H - Technical analysis published on 05/27/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.0662 CHF
My targets
1.0742 CHF (+0.0050)
1.0827 CHF (+0.0135)
My analysis
The bullish trend is currently very strong on EUR/CHF. As long as the price remains above the support at 1.0662 CHF, you could try to benefit from the boom. The first bullish objective is located at 1.0742 CHF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.0827 CHF as an objective. Crossing it would then enable buyers to target 1.0896 CHF. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.6
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This analysis was given by Picoul. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/CHF rating is 1.0692 CHF. On the day, this instrument gained +0.87% and was between 1.0589 CHF and 1.0699 CHF. This implies that the price is at +0.97% from its lowest and at -0.07% from its highest.1.0589
1.0699
1.0692
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/CHF chart shows a strongly bullish trend. 89.29% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of triangle 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 | 1.0639 | 1.0662 | 1.0684 | 1.0692 | 1.0827 | 1.0896 | 1.1048 |
| Change (%) | -0.50% | -0.28% | -0.07% | - | +1.26% | +1.91% | +3.33% |
| Change | -0.0053 | -0.0030 | -0.0008 | - | +0.0135 | +0.0204 | +0.0356 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Minor | Intermediate |
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 | 1.0537 | 1.0563 | 1.0581 | 1.0607 | 1.0625 | 1.0651 | 1.0669 |
| Camarilla | 1.0588 | 1.0592 | 1.0596 | 1.0600 | 1.0604 | 1.0608 | 1.0612 |
| Woodie | 1.0534 | 1.0561 | 1.0578 | 1.0605 | 1.0622 | 1.0649 | 1.0666 |
| Fibonacci | 1.0563 | 1.0580 | 1.0590 | 1.0607 | 1.0624 | 1.0634 | 1.0651 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0353 | 1.0430 | 1.0509 | 1.0586 | 1.0665 | 1.0742 | 1.0821 |
| Camarilla | 1.0546 | 1.0560 | 1.0575 | 1.0589 | 1.0603 | 1.0618 | 1.0632 |
| Woodie | 1.0355 | 1.0431 | 1.0511 | 1.0587 | 1.0667 | 1.0743 | 1.0823 |
| Fibonacci | 1.0430 | 1.0489 | 1.0526 | 1.0586 | 1.0645 | 1.0682 | 1.0742 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0414 | 1.0460 | 1.0519 | 1.0565 | 1.0624 | 1.0670 | 1.0729 |
| Camarilla | 1.0548 | 1.0558 | 1.0567 | 1.0577 | 1.0587 | 1.0596 | 1.0606 |
| Woodie | 1.0420 | 1.0463 | 1.0525 | 1.0568 | 1.0630 | 1.0673 | 1.0735 |
| Fibonacci | 1.0460 | 1.0500 | 1.0525 | 1.0565 | 1.0605 | 1.0630 | 1.0670 |
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): | 76.73 | |
| MACD (12,26,9): | 0.0018 | |
| Directional Movement: | 32.1178 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 1.0645 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0606 | |
| Elder Ray (13): | 0.0047 | |
| Super Trend (3,10): | 1.0629 | |
| Zig ZAG (10): | 1.0688 | |
| VORTEX (21): | 1.2606 | |
| Stochastique (14,3,5): | 93.85 | |
| TEMA (21): | 1.0660 | |
| Williams %R (14): | -2.91 | |
| Chande Momentum Oscillator (20): | 0.0091 | |
| Repulse (5,40,3): | 0.5164 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.87 |
| MA7: | 1.0616 | |
| MA20: | 1.0565 | |
| MA50: | 1.0562 | |
| MA100: | 1.0615 | |
| MAexp7: | 1.0657 | |
| MAexp20: | 1.0626 | |
| MAexp50: | 1.0611 | |
| MAexp100: | 1.0603 | |
| Price / MA7: | +0.72% | |
| Price / MA20: | +1.20% | |
| Price / MA50: | +1.23% | |
| Price / MA100: | +0.73% | |
| Price / MAexp7: | +0.33% | |
| Price / MAexp20: | +0.62% | |
| Price / MAexp50: | +0.76% | |
| Price / MAexp100: | +0.84% |
Quotes :
2020-05-27 11:40:09
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Real time data
-
Forex
News
The last news published on EUR/CHF at the time of the generation of this analysis was as follows:
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Weekly Technical Analysis: 09/03/2020 - USDJPY, GBPUSD, EURCHF
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Weekly Technical Analysis: 26/08/2019 - USDJPY, EURCHF, NZDUSD
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Quick EURUSD EURCHF 07 25 2019
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As France, Italy, ECB and Other Euro Risks Rise, Watch EURCHF
This member declared not having a position on this financial instrument or a related financial instrument.
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