EUR/CHF
EUR CHF
- CHF (-)
- Real time data - Forex
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Type: Forex
Ticker: EURCHF
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EUR/CHF - 15 min. - Technical analysis published on 05/19/2021 (GMT)

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  • Timeframe : 15 min.
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  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 1.0986 CHF
My targets
1.1019 CHF (+0.0014)
1.1055 CHF (+0.0050)
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 1.0986 CHF. The next resistance located at 1.1019 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 1.1055 CHF. After this resistance, buyers could then target 1.1122 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
0
10
7.9

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 dan740. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

EUR/CHF rating 1.1005 CHF. On the day, this instrument gained +0.31% and was between 1.0970 CHF and 1.1007 CHF. This implies that the price is at +0.32% from its lowest and at -0.02% from its highest.

1.0970
1.1007
1.1005

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



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 EUR/CHF in 15 min. shows a strongly overall bullish trend. 92.86% 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 is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 15 minutes


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 15 minutes



The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 15 minutes


Momentum indicator is back over 0

Type : Bullish

Timeframe : 15 minutes


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 15 minutes



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 15 minutes



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

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.0977 1.0984 1.0989 1.1005 1.1055 1.1122 1.1194
Change (%) -0.25% -0.19% -0.15% - +0.45% +1.06% +1.72%
Change -0.0028 -0.0021 -0.0016 - +0.0050 +0.0117 +0.0189
Level Intermediate Intermediate Intermediate - Minor Intermediate Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.09201.09361.09531.09691.09861.10021.1019
Camarilla1.09621.09651.09681.09711.09741.09771.0980
Woodie1.09221.09361.09551.09691.09881.10021.1021
Fibonacci1.09361.09481.09561.09691.09811.09891.1002


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.08581.08931.09201.09551.09821.10171.1044
Camarilla1.09311.09371.09421.09481.09541.09591.0965
Woodie1.08551.08911.09171.09531.09791.10151.1041
Fibonacci1.08931.09161.09311.09551.09781.09931.1017


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

Technical indicators
Moving averages

RSI (14): 60.97
MACD (12,26,9): 0.0005
Directional Movement: -2.1562
AROON (14): 50.0000
DEMA (21): 1.1005
Parabolic SAR (0,02-0,02-0,2): 1.0996
Elder Ray (13): 0.0002
Super Trend (3,10): 1.0988
Zig ZAG (10): 1.1003
VORTEX (21): 1.1544
Stochastique (14,3,5): 52.38
TEMA (21): 1.1005
Williams %R (14): -21.43
Chande Momentum Oscillator (20): 0.0006
Repulse (5,40,3): 0.0131
ROCnROLL: 1
TRIX (15,9): 0.0076
Courbe Coppock: 0.10
MA7: 1.0972
MA20: 1.0989
MA50: 1.1024
MA100: 1.0945
MAexp7: 1.1002
MAexp20: 1.0998
MAexp50: 1.0989
MAexp100: 1.0981
Price / MA7: +0.30%
Price / MA20: +0.15%
Price / MA50: -0.17%
Price / MA100: +0.55%
Price / MAexp7: +0.03%
Price / MAexp20: +0.06%
Price / MAexp50: +0.15%
Price / MAexp100: +0.22%

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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