EUR/CHF
EUR CHF
- CHF (-)
- Real time data - Forex
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Type: Forex
Ticker: EURCHF
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EUR/CHF - 15 min. - Technical analysis published on 11/03/2023 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 0.9606 CHF
My targets
0.9646 CHF (+0.0004)
0.9672 CHF (+0.0030)
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 0.9606 CHF. The next resistance located at 0.9646 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 0.9672 CHF. After this resistance, buyers could then target 0.9712 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
9.1

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 hannahfreeman. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The EUR/CHF price is 0.9642 CHF. On the day, this instrument gained +0.23% with the lowest point at 0.9615 CHF and the highest point at 0.9643 CHF. The deviation from the price is +0.28% for the low point and -0.01% for the high point.

0.9615
0.9643
0.9642

Here is a more detailed summary of the historical variations registered by EUR/CHF:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 15 min. chart of EUR/CHF indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. 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.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 15 minutes


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 15 minutes


Resistance of channel is broken

Type : Bullish

Timeframe : 15 minutes



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

White gravestone / inverted hammer

Type : Neutral

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.9567 0.9598 0.9630 0.9642 0.9680 0.9786 0.9861
Change (%) -0.78% -0.46% -0.12% - +0.39% +1.49% +2.27%
Change -0.0075 -0.0044 -0.0012 - +0.0038 +0.0144 +0.0219
Level Major Intermediate Intermediate - Intermediate Intermediate Minor



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.95140.95400.95800.96060.96460.96720.9712
Camarilla0.96020.96080.96140.96200.96260.96320.9638
Woodie0.95210.95440.95870.96100.96530.96760.9719
Fibonacci0.95400.95650.95810.96060.96310.96470.9672


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.93360.93870.94630.95140.95900.96410.9717
Camarilla0.95030.95150.95260.95380.95500.95610.9573
Woodie0.93480.93930.94750.95200.96020.96470.9729
Fibonacci0.93870.94360.94660.95140.95630.95930.9641


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.92000.93090.94670.95760.97340.98431.0001
Camarilla0.95530.95770.96020.96260.96510.96750.9699
Woodie0.92260.93210.94930.95880.97600.98551.0027
Fibonacci0.93090.94110.94740.95760.96780.97410.9843

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): 78.39
MACD (12,26,9): 0.0004
Directional Movement: 23.3851
AROON (14): 85.7143
DEMA (21): 0.9632
Parabolic SAR (0,02-0,02-0,2): 0.9629
Elder Ray (13): 0.0009
Super Trend (3,10): 0.9626
Zig ZAG (10): 0.9639
VORTEX (21): 1.1928
Stochastique (14,3,5): 89.13
TEMA (21): 0.9635
Williams %R (14): -13.64
Chande Momentum Oscillator (20): 0.0017
Repulse (5,40,3): 0.0672
ROCnROLL: 1
TRIX (15,9): 0.0032
Courbe Coppock: 0.22
MA7: 0.9583
MA20: 0.9535
MA50: 0.9574
MA100: 0.9615
MAexp7: 0.9634
MAexp20: 0.9628
MAexp50: 0.9624
MAexp100: 0.9618
Price / MA7: +0.62%
Price / MA20: +1.12%
Price / MA50: +0.71%
Price / MA100: +0.28%
Price / MAexp7: +0.08%
Price / MAexp20: +0.15%
Price / MAexp50: +0.19%
Price / MAexp100: +0.25%

Quotes : - Real time data - Forex

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

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