EUR/CHF
EUR CHF
- CHF (-)
- Real time data - Forex
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Type: Forex
Ticker: EURCHF
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EUR/CHF - 1H - Technical analysis published on 07/10/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Slightly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.0621 CHF
My targets
1.0648 CHF (+0.0014)
1.0666 CHF (+0.0032)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on EUR/CHF as long as the price remains well above 1.0621 CHF. The buyers” bullish objective is set at 1.0648 CHF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.0666 CHF. If there is any crossing, the next objective would be the resistance located at 1.0696 CHF.

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
5.4

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Picoul. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

EUR/CHF rating 1.0634 CHF. The price registered an increase of +0.18% on the session with the lowest point at 1.0607 CHF and the highest point at 1.0636 CHF. The deviation from the price is +0.25% for the low point and -0.02% for the high point.

1.0607
1.0636
1.0634

A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of EUR/CHF indicates that the overall trend is slightly bullish. Only 57.14% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

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

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.0514 1.0612 1.0621 1.0634 1.0639 1.0648 1.0666
Change (%) -1.13% -0.21% -0.12% - +0.05% +0.13% +0.30%
Change -0.0120 -0.0022 -0.0013 - +0.0005 +0.0014 +0.0032
Level Major Intermediate Intermediate - Major Intermediate Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.05541.05801.05971.06231.06401.06661.0683
Camarilla1.06031.06071.06111.06151.06191.06231.0627
Woodie1.05511.05781.05941.06211.06371.06641.0680
Fibonacci1.05801.05961.06061.06231.06391.06491.0666


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.04991.05561.05911.06481.06831.07401.0775
Camarilla1.06021.06101.06191.06271.06351.06441.0652
Woodie1.04891.05511.05811.06431.06731.07351.0765
Fibonacci1.05561.05911.06131.06481.06831.07051.0740


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.02451.04351.05371.07271.08291.10191.1121
Camarilla1.05601.05871.06131.06401.06671.06941.0720
Woodie1.02021.04131.04941.07051.07861.09971.1078
Fibonacci1.04351.05461.06151.07271.08381.09071.1019

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): 60.19
MACD (12,26,9): 0.0000
Directional Movement: 7.5807
AROON (14): 92.8571
DEMA (21): 1.0621
Parabolic SAR (0,02-0,02-0,2): 1.0608
Elder Ray (13): 0.0009
Super Trend (3,10): 1.0638
Zig ZAG (10): 1.0633
VORTEX (21): 1.0163
Stochastique (14,3,5): 88.65
TEMA (21): 1.0624
Williams %R (14): -9.68
Chande Momentum Oscillator (20): 0.0020
Repulse (5,40,3): 0.0957
ROCnROLL: 1
TRIX (15,9): -0.0040
Courbe Coppock: 0.17
MA7: 1.0632
MA20: 1.0658
MA50: 1.0647
MA100: 1.0613
MAexp7: 1.0626
MAexp20: 1.0622
MAexp50: 1.0626
MAexp100: 1.0630
Price / MA7: +0.02%
Price / MA20: -0.23%
Price / MA50: -0.12%
Price / MA100: +0.20%
Price / MAexp7: +0.08%
Price / MAexp20: +0.11%
Price / MAexp50: +0.08%
Price / MAexp100: +0.04%

Quotes : 2020-07-10 10:47:30 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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