EUR/CHF - 1H - Technical analysis published on 10/01/2020 (GMT)
- 139
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
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
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 hsokkar. Take part yourself by sharing additional analysis on another time unit:
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:
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:
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:
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
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:
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:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0710 | 1.0736 | 1.0766 | 1.0792 | 1.0822 | 1.0848 | 1.0878 |
| Camarilla | 1.0781 | 1.0786 | 1.0791 | 1.0796 | 1.0801 | 1.0806 | 1.0811 |
| Woodie | 1.0712 | 1.0737 | 1.0768 | 1.0793 | 1.0824 | 1.0849 | 1.0880 |
| Fibonacci | 1.0736 | 1.0757 | 1.0771 | 1.0792 | 1.0813 | 1.0827 | 1.0848 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0674 | 1.0707 | 1.0757 | 1.0790 | 1.0840 | 1.0873 | 1.0923 |
| Camarilla | 1.0784 | 1.0792 | 1.0799 | 1.0807 | 1.0815 | 1.0822 | 1.0830 |
| Woodie | 1.0683 | 1.0711 | 1.0766 | 1.0794 | 1.0849 | 1.0877 | 1.0932 |
| Fibonacci | 1.0707 | 1.0739 | 1.0758 | 1.0790 | 1.0822 | 1.0841 | 1.0873 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0570 | 1.0649 | 1.0722 | 1.0801 | 1.0874 | 1.0953 | 1.1026 |
| Camarilla | 1.0754 | 1.0768 | 1.0782 | 1.0796 | 1.0810 | 1.0824 | 1.0838 |
| Woodie | 1.0568 | 1.0648 | 1.0720 | 1.0800 | 1.0872 | 1.0952 | 1.1024 |
| Fibonacci | 1.0649 | 1.0707 | 1.0743 | 1.0801 | 1.0859 | 1.0895 | 1.0953 |
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:
-
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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis EUR/CHF - 1H