EUR/CHF - 1H - Technical analysis published on 09/07/2020 (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:
Neutral
De fond:
Bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 1.0787 CHF
My targets
1.0823 CHF (+0.0018)
1.0864 CHF (+0.0059)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 1.0787 CHF remains possible. It is advisable to trade EUR/CHF with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1.0787 CHF. The next bullish objective for buyers is set at 1.0823 CHF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.0864 CHF. If there is any crossing, the next objective would be the resistance located at 1.0879 CHF. PS: if there is a bearish break in the support located at 1.0787 CHF we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.1
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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 price is 1.0805 CHF. The price registered a decrease of -0.08% on the session and was between 1.0799 CHF and 1.0826 CHF. This implies that the price is at +0.06% from its lowest and at -0.19% from its highest.1.0799
1.0826
1.0805
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
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 bullish. 67.86% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0761 | 1.0787 | 1.0804 | 1.0805 | 1.0823 | 1.0864 | 1.0879 |
| Change (%) | -0.41% | -0.17% | -0.01% | - | +0.17% | +0.55% | +0.68% |
| Change | -0.0044 | -0.0018 | -0.0001 | - | +0.0018 | +0.0059 | +0.0074 |
| Level | Major | Intermediate | Minor | - | 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 | 1.0730 | 1.0751 | 1.0783 | 1.0804 | 1.0836 | 1.0857 | 1.0889 |
| Camarilla | 1.0799 | 1.0804 | 1.0809 | 1.0814 | 1.0819 | 1.0824 | 1.0829 |
| Woodie | 1.0735 | 1.0754 | 1.0788 | 1.0807 | 1.0841 | 1.0860 | 1.0894 |
| Fibonacci | 1.0751 | 1.0772 | 1.0784 | 1.0804 | 1.0825 | 1.0837 | 1.0857 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0612 | 1.0679 | 1.0746 | 1.0813 | 1.0880 | 1.0947 | 1.1014 |
| Camarilla | 1.0777 | 1.0789 | 1.0802 | 1.0814 | 1.0826 | 1.0839 | 1.0851 |
| Woodie | 1.0613 | 1.0679 | 1.0747 | 1.0813 | 1.0881 | 1.0947 | 1.1015 |
| Fibonacci | 1.0679 | 1.0730 | 1.0762 | 1.0813 | 1.0864 | 1.0896 | 1.0947 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0596 | 1.0658 | 1.0725 | 1.0787 | 1.0854 | 1.0916 | 1.0983 |
| Camarilla | 1.0756 | 1.0767 | 1.0779 | 1.0791 | 1.0803 | 1.0815 | 1.0827 |
| Woodie | 1.0598 | 1.0659 | 1.0727 | 1.0788 | 1.0856 | 1.0917 | 1.0985 |
| Fibonacci | 1.0658 | 1.0708 | 1.0738 | 1.0787 | 1.0837 | 1.0867 | 1.0916 |
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): | 48.67 | |
| MACD (12,26,9): | 0.0005 | |
| Directional Movement: | -1.0108 | |
| AROON (14): | -71.4285 | |
| DEMA (21): | 1.0817 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0825 | |
| Elder Ray (13): | -0.0007 | |
| Super Trend (3,10): | 1.0791 | |
| Zig ZAG (10): | 1.0807 | |
| VORTEX (21): | 1.0308 | |
| Stochastique (14,3,5): | 39.18 | |
| TEMA (21): | 1.0820 | |
| Williams %R (14): | -66.67 | |
| Chande Momentum Oscillator (20): | -0.0006 | |
| Repulse (5,40,3): | -0.0363 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0105 | |
| Courbe Coppock: | 0.02 |
| MA7: | 1.0799 | |
| MA20: | 1.0776 | |
| MA50: | 1.0744 | |
| MA100: | 1.0687 | |
| MAexp7: | 1.0813 | |
| MAexp20: | 1.0810 | |
| MAexp50: | 1.0802 | |
| MAexp100: | 1.0797 | |
| Price / MA7: | +0.06% | |
| Price / MA20: | +0.27% | |
| Price / MA50: | +0.57% | |
| Price / MA100: | +1.10% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | +0.07% |
Quotes :
2020-09-07 08:19:23
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Real time data
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Forex
News
The latest news and videos published on EUR/CHF at the time of the analysis were as follows:
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Bullish Sentiment Signals for EUR/JPY, EUR/CHF | Webinar
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Will EUR/CHF target 1.0576? – 3rd July 2020
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Weekly Technical Analysis: 09/03/2020 - USDJPY, GBPUSD, EURCHF
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This member declared not having a position on this financial instrument or a related financial instrument.
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