EUR/CHF - 1H - Technical analysis published on 11/11/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 1.0560 CHF
My targets
1.0514 CHF (-0.0028)
1.0449 CHF (-0.0093)
My analysis
The bearish trend is currently very strong for EUR/CHF. As long as the price remains below the resistance at 1.0560 CHF, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.0514 CHF. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.0449 CHF as an objective. Crossing it would then enable sellers to target 0.9852 CHF. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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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 1.0542 CHF. On the day, this instrument lost -0.01% and was traded between 1.0535 CHF and 1.0550 CHF over the period. The price is currently at +0.07% from its lowest and -0.08% from its highest.1.0535
1.0550
1.0542
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
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. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 8 are bullish, 6 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 0.9852 | 1.0514 | 1.0536 | 1.0542 | 1.0546 | 1.0560 | 1.0577 |
| Change (%) | -6.55% | -0.27% | -0.06% | - | +0.04% | +0.17% | +0.33% |
| Change | -0.0690 | -0.0028 | -0.0006 | - | +0.0004 | +0.0018 | +0.0035 |
| Level | Minor | Major | 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 | 1.0491 | 1.0512 | 1.0528 | 1.0549 | 1.0565 | 1.0586 | 1.0602 |
| Camarilla | 1.0533 | 1.0536 | 1.0540 | 1.0543 | 1.0546 | 1.0550 | 1.0553 |
| Woodie | 1.0488 | 1.0511 | 1.0525 | 1.0548 | 1.0562 | 1.0585 | 1.0599 |
| Fibonacci | 1.0512 | 1.0527 | 1.0535 | 1.0549 | 1.0564 | 1.0572 | 1.0586 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0449 | 1.0492 | 1.0520 | 1.0563 | 1.0591 | 1.0634 | 1.0662 |
| Camarilla | 1.0530 | 1.0536 | 1.0543 | 1.0549 | 1.0556 | 1.0562 | 1.0569 |
| Woodie | 1.0443 | 1.0488 | 1.0514 | 1.0559 | 1.0585 | 1.0630 | 1.0656 |
| Fibonacci | 1.0492 | 1.0519 | 1.0536 | 1.0563 | 1.0590 | 1.0607 | 1.0634 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0260 | 1.0415 | 1.0499 | 1.0654 | 1.0738 | 1.0893 | 1.0977 |
| Camarilla | 1.0517 | 1.0539 | 1.0561 | 1.0583 | 1.0605 | 1.0627 | 1.0649 |
| Woodie | 1.0225 | 1.0397 | 1.0464 | 1.0636 | 1.0703 | 1.0875 | 1.0942 |
| Fibonacci | 1.0415 | 1.0506 | 1.0563 | 1.0654 | 1.0745 | 1.0802 | 1.0893 |
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): | 37.69 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | -6.8626 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 1.0539 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0536 | |
| Elder Ray (13): | -0.0005 | |
| Super Trend (3,10): | 1.0563 | |
| Zig ZAG (10): | 1.0541 | |
| VORTEX (21): | 0.8939 | |
| Stochastique (14,3,5): | 37.66 | |
| TEMA (21): | 1.0539 | |
| Williams %R (14): | -57.69 | |
| Chande Momentum Oscillator (20): | 0.0005 | |
| Repulse (5,40,3): | 0.0353 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0082 | |
| Courbe Coppock: | 0.16 |
| MA7: | 1.0559 | |
| MA20: | 1.0625 | |
| MA50: | 1.0741 | |
| MA100: | 1.0781 | |
| MAexp7: | 1.0544 | |
| MAexp20: | 1.0546 | |
| MAexp50: | 1.0555 | |
| MAexp100: | 1.0562 | |
| Price / MA7: | -0.16% | |
| Price / MA20: | -0.78% | |
| Price / MA50: | -1.85% | |
| Price / MA100: | -2.22% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | -0.19% |
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:
-
Two potential approaches for shorting EUR/CHF
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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.
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