EUR/CHF
EUR CHF
- CHF (-)
- Real time data - Forex
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Type: Forex
Ticker: EURCHF
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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

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

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:
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


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:

Central Indicators

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:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

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

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard1.08751.09061.09241.09551.09731.10041.1022
Camarilla1.09291.09331.09381.09421.09471.09511.0956
Woodie1.08691.09031.09181.09521.09671.10011.1016
Fibonacci1.09061.09251.09361.09551.09741.09851.1004


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.08381.08871.09221.09711.10061.10551.1090
Camarilla1.09351.09431.09501.09581.09661.09731.0981
Woodie1.08321.08841.09161.09681.10001.10521.1084
Fibonacci1.08871.09191.09391.09711.10031.10231.1055


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.07821.08771.09281.10231.10741.11691.1220
Camarilla1.09381.09511.09651.09781.09911.10051.1018
Woodie1.07591.08661.09051.10121.10511.11581.1197
Fibonacci1.08771.09331.09681.10231.10791.11141.1169

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 - Forex

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

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