EUR/CHF - 1H - Technical analysis published on 06/04/2021 (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
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 1.0956 CHF
My targets
1.0932 CHF (-0.0012)
1.0834 CHF (-0.0110)
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 1.0956 CHF. The sellers' bearish objective is set at 1.0932 CHF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.0834 CHF. In case of crossing, the next objective would be the support located at 1.0761 CHF. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.7
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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 a decrease of -0.15% on the session and was traded between 1.0936 CHF and 1.0967 CHF over the period. The price is currently at +0.07% from its lowest and -0.21% from its highest.1.0936
1.0967
1.0944
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/CHF in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 1.0834 | 1.0932 | 1.0938 | 1.0944 | 1.0956 | 1.0984 | 1.0991 |
| Change (%) | -1.01% | -0.11% | -0.05% | - | +0.11% | +0.37% | +0.43% |
| Change | -0.0110 | -0.0012 | -0.0006 | - | +0.0012 | +0.0040 | +0.0047 |
| Level | Major | Intermediate | Intermediate | - | Major | Major | 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 | 1.0925 | 1.0939 | 1.0950 | 1.0964 | 1.0975 | 1.0989 | 1.1000 |
| Camarilla | 1.0953 | 1.0955 | 1.0958 | 1.0960 | 1.0962 | 1.0965 | 1.0967 |
| Woodie | 1.0923 | 1.0938 | 1.0948 | 1.0963 | 1.0973 | 1.0988 | 1.0998 |
| Fibonacci | 1.0939 | 1.0949 | 1.0955 | 1.0964 | 1.0974 | 1.0980 | 1.0989 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0886 | 1.0909 | 1.0940 | 1.0963 | 1.0994 | 1.1017 | 1.1048 |
| Camarilla | 1.0957 | 1.0962 | 1.0967 | 1.0972 | 1.0977 | 1.0982 | 1.0987 |
| Woodie | 1.0891 | 1.0911 | 1.0945 | 1.0965 | 1.0999 | 1.1019 | 1.1053 |
| Fibonacci | 1.0909 | 1.0929 | 1.0942 | 1.0963 | 1.0983 | 1.0996 | 1.1017 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0834 | 1.0881 | 1.0935 | 1.0982 | 1.1036 | 1.1083 | 1.1137 |
| Camarilla | 1.0962 | 1.0972 | 1.0981 | 1.0990 | 1.0999 | 1.1009 | 1.1018 |
| Woodie | 1.0839 | 1.0883 | 1.0940 | 1.0984 | 1.1041 | 1.1085 | 1.1142 |
| Fibonacci | 1.0881 | 1.0919 | 1.0943 | 1.0982 | 1.1020 | 1.1044 | 1.1083 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 33.30 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | -14.9931 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 1.0947 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0961 | |
| Elder Ray (13): | -0.0010 | |
| Super Trend (3,10): | 1.0965 | |
| Zig ZAG (10): | 1.0943 | |
| VORTEX (21): | 0.8278 | |
| Stochastique (14,3,5): | 15.05 | |
| TEMA (21): | 1.0943 | |
| Williams %R (14): | -90.32 | |
| Chande Momentum Oscillator (20): | -0.0018 | |
| Repulse (5,40,3): | -0.1056 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0051 | |
| Courbe Coppock: | 0.22 |
| MA7: | 1.0961 | |
| MA20: | 1.0962 | |
| MA50: | 1.1000 | |
| MA100: | 1.0963 | |
| MAexp7: | 1.0946 | |
| MAexp20: | 1.0953 | |
| MAexp50: | 1.0960 | |
| MAexp100: | 1.0963 | |
| Price / MA7: | -0.16% | |
| Price / MA20: | -0.16% | |
| Price / MA50: | -0.51% | |
| Price / MA100: | -0.17% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.15% | |
| Price / MAexp100: | -0.17% |
Quotes :
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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:
-
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.
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