EUR/CHF - 1H - Technical analysis published on 05/04/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
50%
39%
My opinion
Bearish under 0.9794 CHF
My targets
0.9732 CHF (-0.0050)
0.9680 CHF (-0.0102)
My analysis
The bearish trend is currently very strong for EUR/CHF. As long as the price remains below the resistance at 0.9794 CHF, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.9732 CHF. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.9680 CHF as an objective. Crossing it would then enable sellers to target 0.9586 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.
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
7.3
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This analysis was given by Ahmadjdid. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/CHF price is 0.9782 CHF. The price has increased by +0.03% since the last closing and was between 0.9775 CHF and 0.9784 CHF. This implies that the price is at +0.07% from its lowest and at -0.02% from its highest.0.9775
0.9784
0.9782
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
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/CHF indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.9586 | 0.9680 | 0.9776 | 0.9782 | 0.9794 | 0.9815 | 0.9840 |
| Change (%) | -2.00% | -1.04% | -0.06% | - | +0.12% | +0.34% | +0.59% |
| Change | -0.0196 | -0.0102 | -0.0006 | - | +0.0012 | +0.0033 | +0.0058 |
| Level | Minor | Minor | Intermediate | - | Minor | Major | 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 | 0.9702 | 0.9738 | 0.9758 | 0.9794 | 0.9814 | 0.9850 | 0.9870 |
| Camarilla | 0.9764 | 0.9769 | 0.9774 | 0.9779 | 0.9784 | 0.9789 | 0.9794 |
| Woodie | 0.9695 | 0.9734 | 0.9751 | 0.9790 | 0.9807 | 0.9846 | 0.9863 |
| Fibonacci | 0.9738 | 0.9759 | 0.9772 | 0.9794 | 0.9815 | 0.9828 | 0.9850 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9688 | 0.9732 | 0.9793 | 0.9837 | 0.9898 | 0.9942 | 1.0003 |
| Camarilla | 0.9825 | 0.9835 | 0.9844 | 0.9854 | 0.9864 | 0.9873 | 0.9883 |
| Woodie | 0.9697 | 0.9736 | 0.9802 | 0.9841 | 0.9907 | 0.9946 | 1.0012 |
| Fibonacci | 0.9732 | 0.9772 | 0.9797 | 0.9837 | 0.9877 | 0.9902 | 0.9942 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9567 | 0.9671 | 0.9763 | 0.9867 | 0.9959 | 1.0063 | 1.0155 |
| Camarilla | 0.9800 | 0.9818 | 0.9836 | 0.9854 | 0.9872 | 0.9890 | 0.9908 |
| Woodie | 0.9560 | 0.9668 | 0.9756 | 0.9864 | 0.9952 | 1.0060 | 1.0148 |
| Fibonacci | 0.9671 | 0.9746 | 0.9793 | 0.9867 | 0.9942 | 0.9989 | 1.0063 |
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): | 30.46 | |
| MACD (12,26,9): | -0.0012 | |
| Directional Movement: | -5.2198 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 0.9780 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9811 | |
| Elder Ray (13): | -0.0009 | |
| Super Trend (3,10): | 0.9814 | |
| Zig ZAG (10): | 0.9782 | |
| VORTEX (21): | 0.8209 | |
| Stochastique (14,3,5): | 12.67 | |
| TEMA (21): | 0.9775 | |
| Williams %R (14): | -84.00 | |
| Chande Momentum Oscillator (20): | -0.0019 | |
| Repulse (5,40,3): | -0.0637 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0156 | |
| Courbe Coppock: | 0.56 |
| MA7: | 0.9824 | |
| MA20: | 0.9828 | |
| MA50: | 0.9881 | |
| MA100: | 0.9901 | |
| MAexp7: | 0.9782 | |
| MAexp20: | 0.9794 | |
| MAexp50: | 0.9811 | |
| MAexp100: | 0.9821 | |
| Price / MA7: | -0.43% | |
| Price / MA20: | -0.47% | |
| Price / MA50: | -1.00% | |
| Price / MA100: | -1.20% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | -0.30% | |
| Price / MAexp100: | -0.40% |
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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Trading the Trend: #EURCHF to continue downwards?
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EUR/CHF Forecast September 9, 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.
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