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 11/12/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Bullish
De fond: Bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 1.0782 CHF
My targets
1.0837 CHF (+0.0035)
1.0864 CHF (+0.0062)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on EUR/CHF as long as the price remains well above 1.0782 CHF. The buyers” bullish objective is set at 1.0837 CHF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.0864 CHF. If there is any crossing, the next objective would be the resistance located at 1.1194 CHF. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

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
6.3

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 Oshakati2018. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

EUR/CHF rating 1.0802 CHF. The price has increased by +0.03% since the last closing and was between 1.0781 CHF and 1.0809 CHF. This implies that the price is at +0.19% from its lowest and at -0.06% from its highest.

1.0781
1.0809
1.0802

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows an item:

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 bullish. 75.00% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals 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 price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour



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

Central Patterns

Horizontal resistance 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


S3S2S1PriceR1R2R3
ProTrendLines 1.0719 1.0746 1.0782 1.0802 1.0808 1.0837 1.0864
Change (%) -0.77% -0.52% -0.19% - +0.06% +0.32% +0.57%
Change -0.0083 -0.0056 -0.0020 - +0.0006 +0.0035 +0.0062
Level Intermediate Intermediate 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
Standard1.07351.07581.07791.08021.08231.08461.0867
Camarilla1.07871.07911.07951.07991.08031.08071.0811
Woodie1.07331.07581.07771.08021.08211.08461.0865
Fibonacci1.07581.07751.07861.08021.08191.08301.0846


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.05871.06241.06541.06911.07211.07581.0788
Camarilla1.06671.06731.06791.06851.06911.06971.0703
Woodie1.05851.06221.06521.06891.07191.07561.0786
Fibonacci1.06241.06491.06651.06911.07161.07321.0758


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.04861.05781.06231.07151.07601.08521.0897
Camarilla1.06311.06441.06561.06691.06821.06941.0707
Woodie1.04641.05661.06011.07031.07381.08401.0875
Fibonacci1.05781.06301.06621.07151.07671.07991.0852

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): 52.90
MACD (12,26,9): 0.0001
Directional Movement: 4.9395
AROON (14): 50.0000
DEMA (21): 1.0799
Parabolic SAR (0,02-0,02-0,2): 1.0785
Elder Ray (13): 0.0002
Super Trend (3,10): 1.0812
Zig ZAG (10): 1.0801
VORTEX (21): 1.0355
Stochastique (14,3,5): 76.87
TEMA (21): 1.0801
Williams %R (14): -30.77
Chande Momentum Oscillator (20): 0.0003
Repulse (5,40,3): -0.0167
ROCnROLL: 1
TRIX (15,9): -0.0005
Courbe Coppock: 0.17
MA7: 1.0754
MA20: 1.0727
MA50: 1.0757
MA100: 1.0747
MAexp7: 1.0801
MAexp20: 1.0799
MAexp50: 1.0795
MAexp100: 1.0779
Price / MA7: +0.45%
Price / MA20: +0.70%
Price / MA50: +0.42%
Price / MA100: +0.51%
Price / MAexp7: +0.01%
Price / MAexp20: +0.03%
Price / MAexp50: +0.06%
Price / MAexp100: +0.21%

Quotes : 2020-11-12 22:26:17 - Real time data - Forex

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

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