EUR/CHF - 1H - Technical analysis published on 09/25/2020 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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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
Court terme:
Neutral
De fond:
Bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 1.0785 CHF
My targets
1.0864 CHF (+0.0062)
1.0897 CHF (+0.0095)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on EUR/CHF. As long as you are above the support located at 1.0785 CHF, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 1.0864 CHF would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 1.0897 CHF as an objective. Crossing it would then enable buyers to target 1.1194 CHF. If the support 1.0785 CHF were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
2.5
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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 1.0802 CHF. The price registered a decrease of -0.15% on the session and was between 1.0793 CHF and 1.0823 CHF. This implies that the price is at +0.08% from its lowest and at -0.19% from its highest.1.0793
1.0823
1.0802
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
Here is a more detailed summary of the historical variations registered by EUR/CHF:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/CHF in 1H shows an overall bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
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:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | R1 | Price | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1.0754 | 1.0778 | 1.0785 | 1.0802 | 1.0802 | 1.0864 | 1.0897 |
Change (%) | -0.44% | -0.22% | -0.16% | 0% | - | +0.57% | +0.88% |
Change | -0.0048 | -0.0024 | -0.0017 | 0 | - | +0.0062 | +0.0095 |
Level | Intermediate | Minor | Intermediate | Minor | - | Intermediate | Minor |
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 | 1.0706 | 1.0730 | 1.0774 | 1.0798 | 1.0842 | 1.0866 | 1.0910 |
Camarilla | 1.0799 | 1.0806 | 1.0812 | 1.0818 | 1.0824 | 1.0831 | 1.0837 |
Woodie | 1.0716 | 1.0735 | 1.0784 | 1.0803 | 1.0852 | 1.0871 | 1.0920 |
Fibonacci | 1.0730 | 1.0756 | 1.0772 | 1.0798 | 1.0824 | 1.0840 | 1.0866 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.0680 | 1.0704 | 1.0748 | 1.0772 | 1.0816 | 1.0840 | 1.0884 |
Camarilla | 1.0774 | 1.0781 | 1.0787 | 1.0793 | 1.0799 | 1.0806 | 1.0812 |
Woodie | 1.0691 | 1.0709 | 1.0759 | 1.0777 | 1.0827 | 1.0845 | 1.0895 |
Fibonacci | 1.0704 | 1.0730 | 1.0746 | 1.0772 | 1.0798 | 1.0814 | 1.0840 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 47.37 | |
MACD (12,26,9): | 0.0006 | |
Directional Movement: | -3.3052 | |
AROON (14): | -50.0000 | |
DEMA (21): | 1.0814 | |
Parabolic SAR (0,02-0,02-0,2): | 1.0820 | |
Elder Ray (13): | -0.0007 | |
Super Trend (3,10): | 1.0786 | |
Zig ZAG (10): | 1.0801 | |
VORTEX (21): | 1.0991 | |
Stochastique (14,3,5): | 20.38 | |
TEMA (21): | 1.0813 | |
Williams %R (14): | -76.67 | |
Chande Momentum Oscillator (20): | -0.0016 | |
Repulse (5,40,3): | -0.1366 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.0126 | |
Courbe Coppock: | 0.11 |
MA7: | 1.0784 | |
MA20: | 1.0786 | |
MA50: | 1.0774 | |
MA100: | 1.0720 | |
MAexp7: | 1.0807 | |
MAexp20: | 1.0804 | |
MAexp50: | 1.0791 | |
MAexp100: | 1.0782 | |
Price / MA7: | +0.17% | |
Price / MA20: | +0.15% | |
Price / MA50: | +0.26% | |
Price / MA100: | +0.76% | |
Price / MAexp7: | -0.05% | |
Price / MAexp20: | -0.02% | |
Price / MAexp50: | +0.10% | |
Price / MAexp100: | +0.19% |
Quotes :
2020-09-25 08:48:41
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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:
- Bullish Sentiment Signals for EUR/JPY, EUR/CHF | Webinar
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
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