EUR/CHF

- CHF (-)

- Real time data - Forex

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Type:	Forex
Ticker:	EURCHF
ISIN:

EUR/CHF - Daily - Technical analysis published on 09/01/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

72%

28%

My opinion

Bullish above 1.0761 CHF

My targets

1.0935 CHF (+0.0096)

1.1055 CHF (+0.0216)

My analysis

The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for EUR/CHF as long as the price remains well above 1.0761 CHF. The buyers' bullish objective is set at 1.0935 CHF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.1055 CHF. If there is any crossing, the next objective would be the resistance located at 1.1122 CHF. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 1.0935 CHF. On this resistance, against the trend traders who would like to go short on EUR/CHF with a bearish signal from their trading strategy, should not hesitate to act.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

2.7

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 sebanja. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The EUR/CHF rating is 1.0839 CHF. The price has increased by +0.26% since the last closing and was traded between 1.0810 CHF and 1.0840 CHF over the period. The price is currently at +0.27% from its lowest and -0.01% from its highest.

1.0810

1.0840

1.0839

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

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this EUR/CHF chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is high given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.0716	1.0761	1.0820	1.0839	1.0871	1.0935	1.1055
Change (%)	-1.13%	-0.72%	-0.18%	-	+0.30%	+0.89%	+1.99%
Change	-0.0123	-0.0078	-0.0019	-	+0.0032	+0.0096	+0.0216
Level	Minor	Major	Intermediate	-	Major	Minor	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	1.0733	1.0758	1.0784	1.0809	1.0835	1.0860	1.0886
Camarilla	1.0797	1.0802	1.0806	1.0811	1.0816	1.0820	1.0825
Woodie	1.0735	1.0758	1.0786	1.0809	1.0837	1.0860	1.0888
Fibonacci	1.0758	1.0777	1.0789	1.0809	1.0828	1.0840	1.0860

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.0591	1.0646	1.0697	1.0752	1.0803	1.0858	1.0909
Camarilla	1.0720	1.0730	1.0739	1.0749	1.0759	1.0768	1.0778
Woodie	1.0590	1.0645	1.0696	1.0751	1.0802	1.0857	1.0908
Fibonacci	1.0646	1.0686	1.0711	1.0752	1.0792	1.0817	1.0858

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.0579	1.0638	1.0724	1.0783	1.0869	1.0928	1.1014
Camarilla	1.0771	1.0784	1.0798	1.0811	1.0824	1.0838	1.0851
Woodie	1.0594	1.0645	1.0739	1.0790	1.0884	1.0935	1.1029
Fibonacci	1.0638	1.0693	1.0727	1.0783	1.0838	1.0872	1.0928

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):	57.96
MACD (12,26,9):	-0.0003
Directional Movement:	6.1262
AROON (14):	-28.5714
DEMA (21):	1.0769
Parabolic SAR (0,02-0,02-0,2):	1.0713
Elder Ray (13):	0.0044
Super Trend (3,10):	1.0841
Zig ZAG (10):	1.0835
VORTEX (21):	1.0977
Stochastique (14,3,5):	87.13
TEMA (21):	1.0790
Williams %R (14):	-3.45
Chande Momentum Oscillator (20):	0.0088
Repulse (5,40,3):	0.6460
ROCnROLL:	1
TRIX (15,9):	-0.0235
Courbe Coppock:	0.04

MA7:	1.0786
MA20:	1.0772
MA50:	1.0822
MA100:	1.0895
MAexp7:	1.0795
MAexp20:	1.0781
MAexp50:	1.0816
MAexp100:	1.0859
Price / MA7:	+0.49%
Price / MA20:	+0.62%
Price / MA50:	+0.16%
Price / MA100:	-0.51%
Price / MAexp7:	+0.41%
Price / MAexp20:	+0.54%
Price / MAexp50:	+0.21%
Price / MAexp100:	-0.18%

Quotes : - Real time data - Forex

News

The latest news and videos published on EUR/CHF at the time of the analysis were as follows:

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

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