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 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

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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

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

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by EUR/CHF:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

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:

Central Indicators

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:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

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:

Central Patterns

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


S3S2S1R1PriceR2R3
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
Standard1.07061.07301.07741.07981.08421.08661.0910
Camarilla1.07991.08061.08121.08181.08241.08311.0837
Woodie1.07161.07351.07841.08031.08521.08711.0920
Fibonacci1.07301.07561.07721.07981.08241.08401.0866


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.06801.07041.07481.07721.08161.08401.0884
Camarilla1.07741.07811.07871.07931.07991.08061.0812
Woodie1.06911.07091.07591.07771.08271.08451.0895
Fibonacci1.07041.07301.07461.07721.07981.08141.0840


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.05961.06581.07251.07871.08541.09161.0983
Camarilla1.07561.07671.07791.07911.08031.08151.0827
Woodie1.05981.06591.07271.07881.08561.09171.0985
Fibonacci1.06581.07081.07381.07871.08371.08671.0916

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 - Real time data - Forex

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

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