EUR/CHF - 1H - Technical analysis published on 01/31/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 0.9997 CHF
My targets
1.0071 CHF (+0.0032)
1.0160 CHF (+0.0121)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/CHF as long as the price remains well above 0.9997 CHF. The buyers' bullish objective is set at 1.0071 CHF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.0160 CHF. If there is any crossing, the next objective would be the resistance located at 1.0259 CHF. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8
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Additional analysis
Quotes
The EUR/CHF price is 1.0039 CHF. On the day, this instrument lost -0.02% and was traded between 1.0022 CHF and 1.0053 CHF over the period. The price is currently at +0.17% from its lowest and -0.14% from its highest.1.0022
1.0053
1.0039
Here is a more detailed summary of the historical variations registered by EUR/CHF:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/CHF indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.9932 | 0.9997 | 1.0029 | 1.0039 | 1.0071 | 1.0259 | 1.0505 |
| Change (%) | -1.07% | -0.42% | -0.10% | - | +0.32% | +2.19% | +4.64% |
| Change | -0.0107 | -0.0042 | -0.0010 | - | +0.0032 | +0.0220 | +0.0466 |
| Level | Minor | Major | Major | - | Intermediate | Minor | Major |
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 | 0.9943 | 0.9971 | 1.0006 | 1.0034 | 1.0069 | 1.0097 | 1.0132 |
| Camarilla | 1.0024 | 1.0030 | 1.0035 | 1.0041 | 1.0047 | 1.0053 | 1.0058 |
| Woodie | 0.9947 | 0.9973 | 1.0010 | 1.0036 | 1.0073 | 1.0099 | 1.0136 |
| Fibonacci | 0.9971 | 0.9995 | 1.0010 | 1.0034 | 1.0058 | 1.0073 | 1.0097 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9872 | 0.9923 | 0.9968 | 1.0019 | 1.0064 | 1.0115 | 1.0160 |
| Camarilla | 0.9987 | 0.9995 | 1.0004 | 1.0013 | 1.0022 | 1.0031 | 1.0039 |
| Woodie | 0.9869 | 0.9922 | 0.9965 | 1.0018 | 1.0061 | 1.0114 | 1.0157 |
| Fibonacci | 0.9923 | 0.9960 | 0.9982 | 1.0019 | 1.0056 | 1.0078 | 1.0115 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9728 | 0.9772 | 0.9837 | 0.9881 | 0.9946 | 0.9990 | 1.0055 |
| Camarilla | 0.9872 | 0.9882 | 0.9892 | 0.9902 | 0.9912 | 0.9922 | 0.9932 |
| Woodie | 0.9739 | 0.9777 | 0.9848 | 0.9886 | 0.9957 | 0.9995 | 1.0066 |
| Fibonacci | 0.9772 | 0.9814 | 0.9839 | 0.9881 | 0.9923 | 0.9948 | 0.9990 |
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): | 63.62 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 10.4911 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 1.0040 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0023 | |
| Elder Ray (13): | 0.0011 | |
| Super Trend (3,10): | 1.0016 | |
| Zig ZAG (10): | 1.0049 | |
| VORTEX (21): | 1.0144 | |
| Stochastique (14,3,5): | 80.59 | |
| TEMA (21): | 1.0042 | |
| Williams %R (14): | -9.68 | |
| Chande Momentum Oscillator (20): | 0.0008 | |
| Repulse (5,40,3): | 0.1469 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0047 | |
| Courbe Coppock: | 0.05 |
| MA7: | 1.0030 | |
| MA20: | 0.9974 | |
| MA50: | 0.9907 | |
| MA100: | 0.9832 | |
| MAexp7: | 1.0040 | |
| MAexp20: | 1.0035 | |
| MAexp50: | 1.0029 | |
| MAexp100: | 1.0023 | |
| Price / MA7: | +0.09% | |
| Price / MA20: | +0.65% | |
| Price / MA50: | +1.33% | |
| Price / MA100: | +2.11% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.16% |
Quotes :
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Real time data
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Forex
News
The last news published on EUR/CHF at the time of the generation of this analysis was as follows:
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EUR/CHF Forecast November 8, 2022
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EUR/CHF Forecast September 30, 2022
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Trade of the Week 22/08 - Short EUR/CHF
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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