EUR/CHF - 1H - Technical analysis published on 11/10/2020 (GMT)
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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:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 1.0746 CHF
My targets
1.0837 CHF (+0.0024)
1.0864 CHF (+0.0051)
My analysis
EUR/CHF is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.0746 CHF. The next resistance located at 1.0837 CHF is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.0864 CHF. After this resistance, buyers could then target 1.1194 CHF. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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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 rating is 1.0813 CHF. On the day, this instrument gained +0.17% with the lowest point at 1.0782 CHF and the highest point at 1.0824 CHF. The deviation from the price is +0.29% for the low point and -0.10% for the high point.1.0782
1.0824
1.0813
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/CHF chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0719 | 1.0746 | 1.0807 | 1.0813 | 1.0837 | 1.0864 | 1.1194 |
| Change (%) | -0.87% | -0.62% | -0.06% | - | +0.22% | +0.47% | +3.52% |
| Change | -0.0094 | -0.0067 | -0.0006 | - | +0.0024 | +0.0051 | +0.0381 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Minor | 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 | 1.0585 | 1.0632 | 1.0714 | 1.0761 | 1.0843 | 1.0890 | 1.0972 |
| Camarilla | 1.0760 | 1.0771 | 1.0783 | 1.0795 | 1.0807 | 1.0819 | 1.0831 |
| Woodie | 1.0602 | 1.0641 | 1.0731 | 1.0770 | 1.0860 | 1.0899 | 1.0989 |
| Fibonacci | 1.0632 | 1.0682 | 1.0712 | 1.0761 | 1.0811 | 1.0841 | 1.0890 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0587 | 1.0624 | 1.0654 | 1.0691 | 1.0721 | 1.0758 | 1.0788 |
| Camarilla | 1.0667 | 1.0673 | 1.0679 | 1.0685 | 1.0691 | 1.0697 | 1.0703 |
| Woodie | 1.0585 | 1.0622 | 1.0652 | 1.0689 | 1.0719 | 1.0756 | 1.0786 |
| Fibonacci | 1.0624 | 1.0649 | 1.0665 | 1.0691 | 1.0716 | 1.0732 | 1.0758 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0486 | 1.0578 | 1.0623 | 1.0715 | 1.0760 | 1.0852 | 1.0897 |
| Camarilla | 1.0631 | 1.0644 | 1.0656 | 1.0669 | 1.0682 | 1.0694 | 1.0707 |
| Woodie | 1.0464 | 1.0566 | 1.0601 | 1.0703 | 1.0738 | 1.0840 | 1.0875 |
| Fibonacci | 1.0578 | 1.0630 | 1.0662 | 1.0715 | 1.0767 | 1.0799 | 1.0852 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 69.07 | |
| MACD (12,26,9): | 0.0018 | |
| Directional Movement: | 12.5556 | |
| AROON (14): | 21.4285 | |
| DEMA (21): | 1.0818 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0790 | |
| Elder Ray (13): | 0.0014 | |
| Super Trend (3,10): | 1.0770 | |
| Zig ZAG (10): | 1.0816 | |
| VORTEX (21): | 1.1331 | |
| Stochastique (14,3,5): | 72.22 | |
| TEMA (21): | 1.0818 | |
| Williams %R (14): | -21.43 | |
| Chande Momentum Oscillator (20): | 0.0028 | |
| Repulse (5,40,3): | 0.0974 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0272 | |
| Courbe Coppock: | 0.31 |
| MA7: | 1.0727 | |
| MA20: | 1.0718 | |
| MA50: | 1.0756 | |
| MA100: | 1.0744 | |
| MAexp7: | 1.0808 | |
| MAexp20: | 1.0793 | |
| MAexp50: | 1.0760 | |
| MAexp100: | 1.0734 | |
| Price / MA7: | +0.80% | |
| Price / MA20: | +0.89% | |
| Price / MA50: | +0.53% | |
| Price / MA100: | +0.64% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.19% | |
| Price / MAexp50: | +0.49% | |
| Price / MAexp100: | +0.74% |
Quotes :
2020-11-10 13:33:39
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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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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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