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 10/01/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Bearish
De fond: Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 1.0808 CHF
My targets
1.0774 CHF (-0.0012)
1.0762 CHF (-0.0024)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/CHF as long as the price remains well below 1.0808 CHF. The next bearish objective for sellers is set at 1.0774 CHF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.0762 CHF. If there is any crossing, the next objective would be the support located at 1.0747 CHF. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.5

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

Additional analysis

Quotes

The EUR/CHF price is 1.0786 CHF. The price registered a decrease of -0.09% on the session and was between 1.0766 CHF and 1.0806 CHF. This implies that the price is at +0.19% from its lowest and at -0.19% from its highest.

1.0766
1.0806
1.0786

A study of price movements over other periods shows the following variations:
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 this 1H chart of EUR/CHF indicates that the overall trend is strongly bearish. The signals given by moving averages are 82.14% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour


CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour



The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.0762 1.0774 1.0785 1.0786 1.0808 1.0818 1.0830
Change (%) -0.22% -0.11% -0.01% - +0.20% +0.30% +0.41%
Change -0.0024 -0.0012 -0.0001 - +0.0022 +0.0032 +0.0044
Level Minor Minor Intermediate - Minor Major 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
Standard1.07101.07361.07661.07921.08221.08481.0878
Camarilla1.07811.07861.07911.07961.08011.08061.0811
Woodie1.07121.07371.07681.07931.08241.08491.0880
Fibonacci1.07361.07571.07711.07921.08131.08271.0848


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.06741.07071.07571.07901.08401.08731.0923
Camarilla1.07841.07921.07991.08071.08151.08221.0830
Woodie1.06831.07111.07661.07941.08491.08771.0932
Fibonacci1.07071.07391.07581.07901.08221.08411.0873


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.05701.06491.07221.08011.08741.09531.1026
Camarilla1.07541.07681.07821.07961.08101.08241.0838
Woodie1.05681.06481.07201.08001.08721.09521.1024
Fibonacci1.06491.07071.07431.08011.08591.08951.0953

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): 45.40
MACD (12,26,9): -0.0004
Directional Movement: -9.0050
AROON (14): -14.2857
DEMA (21): 1.0788
Parabolic SAR (0,02-0,02-0,2): 1.0804
Elder Ray (13): -0.0007
Super Trend (3,10): 1.0809
Zig ZAG (10): 1.0788
VORTEX (21): 1.0252
Stochastique (14,3,5): 35.00
TEMA (21): 1.0785
Williams %R (14): -62.50
Chande Momentum Oscillator (20): -0.0015
Repulse (5,40,3): -0.0609
ROCnROLL: 2
TRIX (15,9): -0.0025
Courbe Coppock: 0.15
MA7: 1.0794
MA20: 1.0784
MA50: 1.0777
MA100: 1.0731
MAexp7: 1.0785
MAexp20: 1.0792
MAexp50: 1.0795
MAexp100: 1.0794
Price / MA7: -0.07%
Price / MA20: +0.02%
Price / MA50: +0.08%
Price / MA100: +0.51%
Price / MAexp7: +0.01%
Price / MAexp20: -0.06%
Price / MAexp50: -0.08%
Price / MAexp100: -0.07%

Quotes : 2020-10-01 11:23:51 - Real time data - Forex

News


The last news published on EUR/CHF at the time of the generation of this analysis was as follows:

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

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