EUR/CHF - Daily - Technical analysis published on 08/18/2021 (GMT)
- 218
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 1.0761 CHF
My targets
1.0514 CHF (-0.0198)
1.0419 CHF (-0.0293)
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 1.0761 CHF. The sellers' bearish objective is set at 1.0514 CHF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.0419 CHF. In case of crossing, the next objective would be the support located at 0.9852 CHF. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
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 sebanja. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/CHF price is 1.0712 CHF. The price is lower by -0.02% since the last closing and was traded between 1.0704 CHF and 1.0717 CHF over the period. The price is currently at +0.07% from its lowest and -0.05% from its highest.1.0704
1.0717
1.0712
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this EUR/CHF chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Three black crows
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.9852 | 1.0514 | 1.0672 | 1.0712 | 1.0728 | 1.0761 | 1.0871 |
| Change (%) | -8.03% | -1.85% | -0.37% | - | +0.15% | +0.46% | +1.48% |
| Change | -0.0860 | -0.0198 | -0.0040 | - | +0.0016 | +0.0049 | +0.0159 |
| Level | Minor | Major | Minor | - | Major | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0640 | 1.0671 | 1.0692 | 1.0723 | 1.0744 | 1.0775 | 1.0796 |
| Camarilla | 1.0700 | 1.0705 | 1.0709 | 1.0714 | 1.0719 | 1.0724 | 1.0728 |
| Woodie | 1.0636 | 1.0669 | 1.0688 | 1.0721 | 1.0740 | 1.0773 | 1.0792 |
| Fibonacci | 1.0671 | 1.0691 | 1.0703 | 1.0723 | 1.0743 | 1.0755 | 1.0775 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0651 | 1.0697 | 1.0748 | 1.0794 | 1.0845 | 1.0891 | 1.0942 |
| Camarilla | 1.0771 | 1.0780 | 1.0789 | 1.0798 | 1.0807 | 1.0816 | 1.0825 |
| Woodie | 1.0653 | 1.0698 | 1.0750 | 1.0795 | 1.0847 | 1.0892 | 1.0944 |
| Fibonacci | 1.0697 | 1.0734 | 1.0757 | 1.0794 | 1.0831 | 1.0854 | 1.0891 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 32.51 | |
| MACD (12,26,9): | -0.0029 | |
| Directional Movement: | -19.4305 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 1.0744 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0835 | |
| Elder Ray (13): | -0.0059 | |
| Super Trend (3,10): | 1.0821 | |
| Zig ZAG (10): | 1.0710 | |
| VORTEX (21): | 0.8393 | |
| Stochastique (14,3,5): | 12.48 | |
| TEMA (21): | 1.0743 | |
| Williams %R (14): | -95.00 | |
| Chande Momentum Oscillator (20): | -0.0041 | |
| Repulse (5,40,3): | -0.6257 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0381 | |
| Courbe Coppock: | 0.38 |
| MA7: | 1.0778 | |
| MA20: | 1.0775 | |
| MA50: | 1.0852 | |
| MA100: | 1.0922 | |
| MAexp7: | 1.0754 | |
| MAexp20: | 1.0783 | |
| MAexp50: | 1.0837 | |
| MAexp100: | 1.0877 | |
| Price / MA7: | -0.61% | |
| Price / MA20: | -0.58% | |
| Price / MA50: | -1.29% | |
| Price / MA100: | -1.92% | |
| Price / MAexp7: | -0.39% | |
| Price / MAexp20: | -0.66% | |
| Price / MAexp50: | -1.15% | |
| Price / MAexp100: | -1.52% |
Quotes :
-
Real time data
-
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:
-
Two potential approaches for shorting EUR/CHF
-
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
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis EUR/CHF - Daily