EUR/CHF

- CHF (-)

- Real time data - Forex

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Type:	Forex
Ticker:	EURCHF
ISIN:

EUR/CHF - Daily - Technical analysis published on 08/13/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

72%

28%

My opinion

Bearish under 1.0970 CHF

My targets

1.0761 CHF (-0.0079)

1.0672 CHF (-0.0168)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on EUR/CHF. As long as you are under the resistance located at 1.0970 CHF, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 1.0761 CHF would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 1.0672 CHF as an objective. Crossing it would then enable sellers to target 1.0514 CHF. If the resistance 1.0970 CHF were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

0.9

Comment on the analysis

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:

Additional analysis

Quotes

EUR/CHF rating 1.0840 CHF. On the day, this instrument gained +0.06% and was between 1.0833 CHF and 1.0841 CHF. This implies that the price is at +0.06% from its lowest and at -0.01% from its highest.

1.0833

1.0841

1.0840

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this EUR/CHF chart shows a bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Near resistance of triangle

Type : Bearish

Timeframe : Daily

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.0728	1.0761	1.0820	1.0840	1.0871	1.0970	1.1055
Change (%)	-1.03%	-0.73%	-0.18%	-	+0.29%	+1.20%	+1.98%
Change	-0.0112	-0.0079	-0.0020	-	+0.0031	+0.0130	+0.0215
Level	Major	Major	Intermediate	-	Major	Intermediate	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.0795	1.0805	1.0820	1.0830	1.0845	1.0855	1.0870
Camarilla	1.0827	1.0829	1.0832	1.0834	1.0836	1.0839	1.0841
Woodie	1.0797	1.0806	1.0822	1.0831	1.0847	1.0856	1.0872
Fibonacci	1.0805	1.0815	1.0821	1.0830	1.0840	1.0846	1.0855

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.0683	1.0702	1.0731	1.0750	1.0779	1.0798	1.0827
Camarilla	1.0748	1.0752	1.0757	1.0761	1.0765	1.0770	1.0774
Woodie	1.0689	1.0705	1.0737	1.0753	1.0785	1.0801	1.0833
Fibonacci	1.0702	1.0720	1.0731	1.0750	1.0768	1.0779	1.0798

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.0419	1.0581	1.0664	1.0826	1.0909	1.1071	1.1154
Camarilla	1.0681	1.0703	1.0726	1.0748	1.0771	1.0793	1.0815
Woodie	1.0381	1.0561	1.0626	1.0806	1.0871	1.1051	1.1116
Fibonacci	1.0581	1.0674	1.0732	1.0826	1.0919	1.0977	1.1071

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):	55.29
MACD (12,26,9):	-0.0015
Directional Movement:	0.3944
AROON (14):	28.5714
DEMA (21):	1.0781
Parabolic SAR (0,02-0,02-0,2):	1.0745
Elder Ray (13):	0.0035
Super Trend (3,10):	1.0747
Zig ZAG (10):	1.0839
VORTEX (21):	1.0448
Stochastique (14,3,5):	91.83
TEMA (21):	1.0795
Williams %R (14):	-0.83
Chande Momentum Oscillator (20):	0.0062
Repulse (5,40,3):	0.4420
ROCnROLL:	-1
TRIX (15,9):	-0.0409
Courbe Coppock:	0.24

MA7:	1.0802
MA20:	1.0795
MA50:	1.0865
MA100:	1.0932
MAexp7:	1.0811
MAexp20:	1.0808
MAexp50:	1.0853
MAexp100:	1.0888
Price / MA7:	+0.35%
Price / MA20:	+0.42%
Price / MA50:	-0.23%
Price / MA100:	-0.84%
Price / MAexp7:	+0.27%
Price / MAexp20:	+0.30%
Price / MAexp50:	-0.12%
Price / MAexp100:	-0.44%

Quotes : - Real time data - Forex

News

The last news published on EUR/CHF at the time of the generation of this analysis was as follows:

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

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