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 11/27/2020 (GMT)

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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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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: Neutral
De fond: Bearish
Technical indicators
72%
0%
28%
My opinion
Bearish under 1.0825 CHF
My targets
1.0794 CHF (-0.0016)
1.0746 CHF (-0.0064)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.0825 CHF remains possible. It is advisable to trade EUR/CHF with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.0825 CHF. The next bearish objective for sellers is set at 1.0794 CHF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.0746 CHF. In case of crossing, the next objective would be the support located at 1.0669 CHF. PS: if there is a bullish break in the resistance located at 1.0825 CHF we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0

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This analysis was given by Anasabbas1991. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/CHF price is 1.0810 CHF. On the day, this instrument gained +0.10% and was between 1.0793 CHF and 1.0812 CHF. This implies that the price is at +0.16% from its lowest and at -0.02% from its highest.

1.0793
1.0812
1.0810

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, which identifies the highest / lowest, has detected an element:

Central Records

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this EUR/CHF chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Moving Average bearish crossovers : MA50 & MA100

Type : Bearish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



In fact, 13 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.0746 1.0794 1.0802 1.0810 1.0825 1.0837 1.0851
Change (%) -0.59% -0.15% -0.07% - +0.14% +0.25% +0.38%
Change -0.0064 -0.0016 -0.0008 - +0.0015 +0.0027 +0.0041
Level Intermediate Intermediate Major - Intermediate Major Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.07401.07661.07821.08081.08241.08501.0866
Camarilla1.07871.07911.07951.07991.08031.08071.0811
Woodie1.07361.07641.07781.08061.08201.08481.0862
Fibonacci1.07661.07821.07921.08081.08241.08341.0850


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.07451.07671.07851.08071.08251.08471.0865
Camarilla1.07931.07971.08001.08041.08081.08111.0815
Woodie1.07441.07661.07841.08061.08241.08461.0864
Fibonacci1.07671.07821.07911.08071.08221.08311.0847


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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 55.95
MACD (12,26,9): -0.0004
Directional Movement: 4.7127
AROON (14): 50.0000
DEMA (21): 1.0798
Parabolic SAR (0,02-0,02-0,2): 1.0792
Elder Ray (13): 0.0006
Super Trend (3,10): 1.0822
Zig ZAG (10): 1.0807
VORTEX (21): 0.9938
Stochastique (14,3,5): 87.46
TEMA (21): 1.0801
Williams %R (14): -11.11
Chande Momentum Oscillator (20): 0.0010
Repulse (5,40,3): 0.0773
ROCnROLL: -1
TRIX (15,9): -0.0074
Courbe Coppock: 0.02
MA7: 1.0813
MA20: 1.0780
MA50: 1.0763
MA100: 1.0766
MAexp7: 1.0804
MAexp20: 1.0805
MAexp50: 1.0812
MAexp100: 1.0815
Price / MA7: -0.03%
Price / MA20: +0.28%
Price / MA50: +0.44%
Price / MA100: +0.41%
Price / MAexp7: +0.06%
Price / MAexp20: +0.05%
Price / MAexp50: -0.02%
Price / MAexp100: -0.05%

Quotes : 2020-11-27 08:17:02 - Real time data - Forex

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

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