EUR/CHF - Daily - Technical analysis published on 05/14/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 1.0988 CHF
My targets
1.0834 CHF (-0.0110)
1.0761 CHF (-0.0183)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/CHF as long as the price remains well below 1.0988 CHF. The sellers' bearish objective is set at 1.0834 CHF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.0761 CHF. In case of crossing, the next objective would be the support located at 1.0672 CHF.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.5
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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
The EUR/CHF rating is 1.0944 CHF. The price registered an increase of +0.02% on the session with the lowest point at 1.0935 CHF and the highest point at 1.0949 CHF. The deviation from the price is +0.08% for the low point and -0.05% for the high point.1.0935
1.0949
1.0944
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
Technical analysis of this Daily chart of EUR/CHF indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
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 | 1.0672 | 1.0761 | 1.0834 | 1.0944 | 1.0988 | 1.1054 | 1.1122 |
Change (%) | -2.49% | -1.67% | -1.01% | - | +0.40% | +1.01% | +1.63% |
Change | -0.0272 | -0.0183 | -0.0110 | - | +0.0044 | +0.0110 | +0.0178 |
Level | Intermediate | Intermediate | Major | - | Intermediate | Intermediate | 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 | 1.0875 | 1.0906 | 1.0924 | 1.0955 | 1.0973 | 1.1004 | 1.1022 |
Camarilla | 1.0929 | 1.0933 | 1.0938 | 1.0942 | 1.0947 | 1.0951 | 1.0956 |
Woodie | 1.0869 | 1.0903 | 1.0918 | 1.0952 | 1.0967 | 1.1001 | 1.1016 |
Fibonacci | 1.0906 | 1.0925 | 1.0936 | 1.0955 | 1.0974 | 1.0985 | 1.1004 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.0838 | 1.0887 | 1.0922 | 1.0971 | 1.1006 | 1.1055 | 1.1090 |
Camarilla | 1.0935 | 1.0943 | 1.0950 | 1.0958 | 1.0966 | 1.0973 | 1.0981 |
Woodie | 1.0832 | 1.0884 | 1.0916 | 1.0968 | 1.1000 | 1.1052 | 1.1084 |
Fibonacci | 1.0887 | 1.0919 | 1.0939 | 1.0971 | 1.1003 | 1.1023 | 1.1055 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.0782 | 1.0877 | 1.0928 | 1.1023 | 1.1074 | 1.1169 | 1.1220 |
Camarilla | 1.0938 | 1.0951 | 1.0965 | 1.0978 | 1.0991 | 1.1005 | 1.1018 |
Woodie | 1.0759 | 1.0866 | 1.0905 | 1.1012 | 1.1051 | 1.1158 | 1.1197 |
Fibonacci | 1.0877 | 1.0933 | 1.0968 | 1.1023 | 1.1079 | 1.1114 | 1.1169 |
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): | 40.52 | |
MACD (12,26,9): | -0.0021 | |
Directional Movement: | -8.0241 | |
AROON (14): | -64.2857 | |
DEMA (21): | 1.0960 | |
Parabolic SAR (0,02-0,02-0,2): | 1.0986 | |
Elder Ray (13): | -0.0031 | |
Super Trend (3,10): | 1.1058 | |
Zig ZAG (10): | 1.0942 | |
VORTEX (21): | 0.8854 | |
Stochastique (14,3,5): | 17.90 | |
TEMA (21): | 1.0939 | |
Williams %R (14): | -89.93 | |
Chande Momentum Oscillator (20): | -0.0089 | |
Repulse (5,40,3): | -0.1745 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0228 | |
Courbe Coppock: | 1.42 |
MA7: | 1.0955 | |
MA20: | 1.0995 | |
MA50: | 1.1029 | |
MA100: | 1.0941 | |
MAexp7: | 1.0959 | |
MAexp20: | 1.0985 | |
MAexp50: | 1.0992 | |
MAexp100: | 1.0951 | |
Price / MA7: | -0.10% | |
Price / MA20: | -0.46% | |
Price / MA50: | -0.77% | |
Price / MA100: | +0.03% | |
Price / MAexp7: | -0.14% | |
Price / MAexp20: | -0.37% | |
Price / MAexp50: | -0.44% | |
Price / MAexp100: | -0.06% |
Quotes :
-
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:
- 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
- EURCHF on the Downslide
- 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.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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