EUR/CHF - 1H - Technical analysis published on 12/22/2020 (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:
Bullish
De fond:
Bullish
Technical indicators
39%
11%
50%
My opinion
Bullish above 1.0807 CHF
My targets
1.0848 CHF (+0.0012)
1.0860 CHF (+0.0024)
My analysis
A bullish trend on EUR/CHF both in substance and in the short term. A purchase could be considered as long as the price remains above 1.0807 CHF. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 1.0848 CHF. Then the price could move towards 1.0860 CHF. Then 1.1194 CHF by extension. Be careful, a return below 1.0807 CHF would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
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
0
10
5.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/CHF rating 1.0836 CHF. The price registered a decrease of -0.01% on the session and was traded between 1.0832 CHF and 1.0848 CHF over the period. The price is currently at +0.04% from its lowest and -0.11% from its highest.1.0832
1.0848
1.0836
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
Here is a more detailed summary of the historical variations registered by EUR/CHF:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/CHF chart shows a bullish trend. 78.57% 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 currently does not detect any result that concerns moving averages.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
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:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0759 | 1.0794 | 1.0807 | 1.0836 | 1.0837 | 1.0848 | 1.0860 |
| Change (%) | -0.71% | -0.39% | -0.27% | - | +0.01% | +0.11% | +0.22% |
| Change | -0.0077 | -0.0042 | -0.0029 | - | +0.0001 | +0.0012 | +0.0024 |
| Level | Major | Intermediate | Minor | - | Major | Minor | Intermediate |
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 | 1.0755 | 1.0776 | 1.0807 | 1.0828 | 1.0859 | 1.0880 | 1.0911 |
| Camarilla | 1.0823 | 1.0828 | 1.0832 | 1.0837 | 1.0842 | 1.0847 | 1.0851 |
| Woodie | 1.0759 | 1.0779 | 1.0811 | 1.0831 | 1.0863 | 1.0883 | 1.0915 |
| Fibonacci | 1.0776 | 1.0796 | 1.0809 | 1.0828 | 1.0848 | 1.0861 | 1.0880 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0669 | 1.0714 | 1.0770 | 1.0815 | 1.0871 | 1.0916 | 1.0972 |
| Camarilla | 1.0798 | 1.0808 | 1.0817 | 1.0826 | 1.0835 | 1.0845 | 1.0854 |
| Woodie | 1.0675 | 1.0717 | 1.0776 | 1.0818 | 1.0877 | 1.0919 | 1.0978 |
| Fibonacci | 1.0714 | 1.0753 | 1.0776 | 1.0815 | 1.0854 | 1.0877 | 1.0916 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0499 | 1.0579 | 1.0711 | 1.0791 | 1.0923 | 1.1003 | 1.1135 |
| Camarilla | 1.0784 | 1.0803 | 1.0823 | 1.0842 | 1.0861 | 1.0881 | 1.0900 |
| Woodie | 1.0524 | 1.0592 | 1.0736 | 1.0804 | 1.0948 | 1.1016 | 1.1160 |
| Fibonacci | 1.0579 | 1.0660 | 1.0710 | 1.0791 | 1.0872 | 1.0922 | 1.1003 |
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): | 54.21 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 6.7451 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 1.0841 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0829 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 1.0804 | |
| Zig ZAG (10): | 1.0838 | |
| VORTEX (21): | 1.0959 | |
| Stochastique (14,3,5): | 43.33 | |
| TEMA (21): | 1.0844 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | 0.0002 | |
| Repulse (5,40,3): | 0.0052 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0064 | |
| Courbe Coppock: | 0.18 |
| MA7: | 1.0813 | |
| MA20: | 1.0807 | |
| MA50: | 1.0772 | |
| MA100: | 1.0775 | |
| MAexp7: | 1.0840 | |
| MAexp20: | 1.0835 | |
| MAexp50: | 1.0829 | |
| MAexp100: | 1.0818 | |
| Price / MA7: | +0.21% | |
| Price / MA20: | +0.27% | |
| Price / MA50: | +0.59% | |
| Price / MA100: | +0.57% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.06% | |
| Price / MAexp100: | +0.17% |
Quotes :
2020-12-22 07:34:05
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Real time data
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Forex
News
Don"t forget to follow the news on EUR/CHF. At the time of publication of this analysis, the latest news was as follows:
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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
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EURCHF on the Downslide
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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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