EUR/CHF - 1H - Technical analysis published on 07/19/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 1.0845 CHF
My targets
1.0870 CHF (+0.0012)
1.0911 CHF (+0.0053)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/CHF as long as the price remains well above 1.0845 CHF. The buyers' bullish objective is set at 1.0870 CHF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.0911 CHF. If there is any crossing, the next objective would be the resistance located at 1.0926 CHF. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
6.3
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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 price is 1.0858 CHF. On the day, this instrument gained +0.02% and was traded between 1.0850 CHF and 1.0863 CHF over the period. The price is currently at +0.07% from its lowest and -0.05% from its highest.1.0850
1.0863
1.0858
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
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
Technical analysis of this 1H chart of EUR/CHF indicates that the overall trend is strongly bullish. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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 | 1.0798 | 1.0824 | 1.0845 | 1.0858 | 1.0870 | 1.0911 | 1.0926 |
| Change (%) | -0.55% | -0.31% | -0.12% | - | +0.11% | +0.49% | +0.63% |
| Change | -0.0060 | -0.0034 | -0.0013 | - | +0.0012 | +0.0053 | +0.0068 |
| Level | Minor | Minor | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0816 | 1.0827 | 1.0842 | 1.0853 | 1.0868 | 1.0879 | 1.0894 |
| Camarilla | 1.0849 | 1.0851 | 1.0854 | 1.0856 | 1.0858 | 1.0861 | 1.0863 |
| Woodie | 1.0817 | 1.0828 | 1.0843 | 1.0854 | 1.0869 | 1.0880 | 1.0895 |
| Fibonacci | 1.0827 | 1.0837 | 1.0843 | 1.0853 | 1.0863 | 1.0869 | 1.0879 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0753 | 1.0779 | 1.0817 | 1.0843 | 1.0881 | 1.0907 | 1.0945 |
| Camarilla | 1.0838 | 1.0844 | 1.0850 | 1.0856 | 1.0862 | 1.0868 | 1.0874 |
| Woodie | 1.0760 | 1.0782 | 1.0824 | 1.0846 | 1.0888 | 1.0910 | 1.0952 |
| Fibonacci | 1.0779 | 1.0803 | 1.0818 | 1.0843 | 1.0867 | 1.0882 | 1.0907 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0760 | 1.0815 | 1.0892 | 1.0947 | 1.1024 | 1.1079 | 1.1156 |
| Camarilla | 1.0932 | 1.0944 | 1.0956 | 1.0968 | 1.0980 | 1.0992 | 1.1004 |
| Woodie | 1.0770 | 1.0821 | 1.0902 | 1.0953 | 1.1034 | 1.1085 | 1.1166 |
| Fibonacci | 1.0815 | 1.0866 | 1.0897 | 1.0947 | 1.0998 | 1.1029 | 1.1079 |
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): | 55.57 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 9.3334 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 1.0855 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0850 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 1.0837 | |
| Zig ZAG (10): | 1.0857 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 29.85 | |
| TEMA (21): | 1.0853 | |
| Williams %R (14): | -53.85 | |
| Chande Momentum Oscillator (20): | 0.0003 | |
| Repulse (5,40,3): | 0.0667 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0029 | |
| Courbe Coppock: | 0.07 |
| MA7: | 1.0844 | |
| MA20: | 1.0907 | |
| MA50: | 1.0930 | |
| MA100: | 1.0985 | |
| MAexp7: | 1.0853 | |
| MAexp20: | 1.0853 | |
| MAexp50: | 1.0848 | |
| MAexp100: | 1.0847 | |
| Price / MA7: | +0.13% | |
| Price / MA20: | -0.45% | |
| Price / MA50: | -0.66% | |
| Price / MA100: | -1.16% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | +0.09% | |
| Price / MAexp100: | +0.10% |
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:
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Two potential approaches for shorting EUR/CHF
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Bullish Sentiment Signals for EUR/JPY, EUR/CHF | Webinar
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Will EUR/CHF target 1.0576? – 3rd July 2020
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Weekly Technical Analysis: 09/03/2020 - USDJPY, GBPUSD, EURCHF
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EURCHF on the Downslide
This member declared not having a position on this financial instrument or a related financial instrument.
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