EUR/CHF - 1H - Technical analysis published on 01/03/2022 (GMT)
- 210
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 1.0362 CHF
My targets
1.0413 CHF (+0.0027)
1.0435 CHF (+0.0049)
My analysis
EUR/CHF is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.0362 CHF. The next resistance located at 1.0413 CHF is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.0435 CHF. After this resistance, buyers could then target 1.0714 CHF. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
7.7
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 1.0386 CHF. On the day, this instrument gained +0.09% and was traded between 1.0349 CHF and 1.0390 CHF over the period. The price is currently at +0.36% from its lowest and -0.04% from its highest.1.0349
1.0390
1.0386
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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 (1 year)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/CHF indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0326 | 1.0347 | 1.0362 | 1.0386 | 1.0386 | 1.0413 | 1.0435 |
| Change (%) | -0.58% | -0.38% | -0.23% | 0% | - | +0.26% | +0.47% |
| Change | -0.0060 | -0.0039 | -0.0024 | 0 | - | +0.0027 | +0.0049 |
| Level | Intermediate | Minor | Intermediate | Major | - | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0288 | 1.0307 | 1.0342 | 1.0361 | 1.0396 | 1.0415 | 1.0450 |
| Camarilla | 1.0362 | 1.0367 | 1.0372 | 1.0377 | 1.0382 | 1.0387 | 1.0392 |
| Woodie | 1.0296 | 1.0311 | 1.0350 | 1.0365 | 1.0404 | 1.0419 | 1.0458 |
| Fibonacci | 1.0307 | 1.0328 | 1.0340 | 1.0361 | 1.0382 | 1.0394 | 1.0415 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0245 | 1.0286 | 1.0331 | 1.0372 | 1.0417 | 1.0458 | 1.0503 |
| Camarilla | 1.0353 | 1.0361 | 1.0369 | 1.0377 | 1.0385 | 1.0393 | 1.0401 |
| Woodie | 1.0248 | 1.0287 | 1.0334 | 1.0373 | 1.0420 | 1.0459 | 1.0506 |
| Fibonacci | 1.0286 | 1.0319 | 1.0339 | 1.0372 | 1.0405 | 1.0425 | 1.0458 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0172 | 1.0249 | 1.0313 | 1.0390 | 1.0454 | 1.0531 | 1.0595 |
| Camarilla | 1.0338 | 1.0351 | 1.0364 | 1.0377 | 1.0390 | 1.0403 | 1.0416 |
| Woodie | 1.0166 | 1.0246 | 1.0307 | 1.0387 | 1.0448 | 1.0528 | 1.0589 |
| Fibonacci | 1.0249 | 1.0303 | 1.0336 | 1.0390 | 1.0444 | 1.0477 | 1.0531 |
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): | 61.29 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 10.1454 | |
| AROON (14): | 35.7142 | |
| DEMA (21): | 1.0375 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0353 | |
| Elder Ray (13): | 0.0011 | |
| Super Trend (3,10): | 1.0352 | |
| Zig ZAG (10): | 1.0383 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 86.88 | |
| TEMA (21): | 1.0377 | |
| Williams %R (14): | -14.63 | |
| Chande Momentum Oscillator (20): | 0.0009 | |
| Repulse (5,40,3): | 0.0999 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0045 | |
| Courbe Coppock: | 0.02 |
| MA7: | 1.0379 | |
| MA20: | 1.0403 | |
| MA50: | 1.0473 | |
| MA100: | 1.0631 | |
| MAexp7: | 1.0375 | |
| MAexp20: | 1.0370 | |
| MAexp50: | 1.0366 | |
| MAexp100: | 1.0369 | |
| Price / MA7: | +0.07% | |
| Price / MA20: | -0.16% | |
| Price / MA50: | -0.83% | |
| Price / MA100: | -2.30% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.15% | |
| Price / MAexp50: | +0.19% | |
| Price / MAexp100: | +0.16% |
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:
-
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 - 1H