EUR/CHF - 1H - Technical analysis published on 07/10/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
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
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This analysis was given by Picoul. Take part yourself by sharing additional analysis on another time unit:
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:
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:
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:
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
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:
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 1.0554 | 1.0580 | 1.0597 | 1.0623 | 1.0640 | 1.0666 | 1.0683 |
Camarilla | 1.0603 | 1.0607 | 1.0611 | 1.0615 | 1.0619 | 1.0623 | 1.0627 |
Woodie | 1.0551 | 1.0578 | 1.0594 | 1.0621 | 1.0637 | 1.0664 | 1.0680 |
Fibonacci | 1.0580 | 1.0596 | 1.0606 | 1.0623 | 1.0639 | 1.0649 | 1.0666 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.0499 | 1.0556 | 1.0591 | 1.0648 | 1.0683 | 1.0740 | 1.0775 |
Camarilla | 1.0602 | 1.0610 | 1.0619 | 1.0627 | 1.0635 | 1.0644 | 1.0652 |
Woodie | 1.0489 | 1.0551 | 1.0581 | 1.0643 | 1.0673 | 1.0735 | 1.0765 |
Fibonacci | 1.0556 | 1.0591 | 1.0613 | 1.0648 | 1.0683 | 1.0705 | 1.0740 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.0245 | 1.0435 | 1.0537 | 1.0727 | 1.0829 | 1.1019 | 1.1121 |
Camarilla | 1.0560 | 1.0587 | 1.0613 | 1.0640 | 1.0667 | 1.0694 | 1.0720 |
Woodie | 1.0202 | 1.0413 | 1.0494 | 1.0705 | 1.0786 | 1.0997 | 1.1078 |
Fibonacci | 1.0435 | 1.0546 | 1.0615 | 1.0727 | 1.0838 | 1.0907 | 1.1019 |
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
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Real time data
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Forex
News
Don"t forget to follow the news on EUR/CHF. At the time of publication of this analysis, the latest news was as follows:
- Will EUR/CHF target 1.0576? – 3rd July 2020
- Weekly Technical Analysis: 09/03/2020 - USDJPY, GBPUSD, EURCHF
- EURCHF on the Downslide
- Weekly Technical Analysis: 26/08/2019 - USDJPY, EURCHF, NZDUSD
- Quick EURUSD EURCHF 07 25 2019
This member declared not having a position on this financial instrument or a related financial instrument.
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