EUR/CHF

- CHF (-)

- Real time data - Forex

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Change:	-
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High / Low range:	-

Type:	Forex
Ticker:	EURCHF
ISIN:

EUR/CHF - Daily - Technical analysis published on 11/12/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 1.0746 CHF

My targets

1.0864 CHF (+0.0061)

1.1194 CHF (+0.0391)

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 1.0864 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 1.1194 CHF. After this resistance, buyers could then target 1.1441 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.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.9

Comment on the analysis

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:

Additional analysis

Quotes

The EUR/CHF price is 1.0803 CHF. The price has increased by +0.04% since the last closing and was between 1.0781 CHF and 1.0809 CHF. This implies that the price is at +0.20% from its lowest and at -0.06% from its highest.

1.0781

1.0809

1.0803

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:

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this EUR/CHF chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 16 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 : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

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 : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish harami

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.0639	1.0669	1.0746	1.0803	1.0837	1.0864	1.1194
Change (%)	-1.52%	-1.24%	-0.53%	-	+0.31%	+0.56%	+3.62%
Change	-0.0164	-0.0134	-0.0057	-	+0.0034	+0.0061	+0.0391
Level	Major	Major	Intermediate	-	Major	Minor	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.0735	1.0758	1.0779	1.0802	1.0823	1.0846	1.0867
Camarilla	1.0787	1.0791	1.0795	1.0799	1.0803	1.0807	1.0811
Woodie	1.0733	1.0758	1.0777	1.0802	1.0821	1.0846	1.0865
Fibonacci	1.0758	1.0775	1.0786	1.0802	1.0819	1.0830	1.0846

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):	62.12
MACD (12,26,9):	0.0008
Directional Movement:	12.4539
AROON (14):	35.7142
DEMA (21):	1.0746
Parabolic SAR (0,02-0,02-0,2):	1.0679
Elder Ray (13):	0.0046
Super Trend (3,10):	1.0669
Zig ZAG (10):	1.0801
VORTEX (21):	1.0686
Stochastique (14,3,5):	87.73
TEMA (21):	1.0763
Williams %R (14):	-15.06
Chande Momentum Oscillator (20):	0.0093
Repulse (5,40,3):	0.4516
ROCnROLL:	1
TRIX (15,9):	-0.0122
Courbe Coppock:	0.72

MA7:	1.0754
MA20:	1.0727
MA50:	1.0757
MA100:	1.0747
MAexp7:	1.0769
MAexp20:	1.0743
MAexp50:	1.0746
MAexp100:	1.0739
Price / MA7:	+0.46%
Price / MA20:	+0.71%
Price / MA50:	+0.43%
Price / MA100:	+0.52%
Price / MAexp7:	+0.32%
Price / MAexp20:	+0.56%
Price / MAexp50:	+0.53%
Price / MAexp100:	+0.60%

Quotes : 2020-11-12 22:27:34 - Real time data - Forex

News

The latest news and videos published on EUR/CHF at the time of the analysis were as follows:

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

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