EUR/CHF

- CHF (-)

- Real time data - Forex

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Type:	Forex
Ticker:	EURCHF
ISIN:

EUR/CHF - 1H - Technical analysis published on 02/28/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

33%

39%

28%

My opinion

Bearish under 0.9535 CHF

My targets

0.9491 CHF (-0.0033)

0.9416 CHF (-0.0108)

My analysis

The bearish trend is currently very strong for EUR/CHF. As long as the price remains below the resistance at 0.9535 CHF, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.9491 CHF. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.9416 CHF as an objective. Crossing it would then enable sellers to target 0.9278 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

5.5

Comment on the analysis

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 dtaccori. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The EUR/CHF rating is 0.9524 CHF. The price registered a decrease of -0.06% on the session with the lowest point at 0.9512 CHF and the highest point at 0.9539 CHF. The deviation from the price is +0.13% for the low point and -0.16% for the high point.

0.9512

0.9539

0.9524

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this EUR/CHF chart shows a sharp bearish trend. 85.71% 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. An assessment of moving averages reveals a bearish signal that could impact this trend:

Moving Average bearish crossovers : AMA50 & AMA100

Type : Bearish

Timeframe : 1 hour

On the 18 technical indicators analysed, 6 are bullish, 5 are neutral and 7 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.9485	0.9491	0.9516	0.9524	0.9535	0.9543	0.9558
Change (%)	-0.41%	-0.35%	-0.08%	-	+0.12%	+0.20%	+0.36%
Change	-0.0039	-0.0033	-0.0008	-	+0.0011	+0.0019	+0.0034
Level	Minor	Major	Minor	-	Major	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
Standard	0.9486	0.9506	0.9518	0.9538	0.9550	0.9570	0.9582
Camarilla	0.9521	0.9524	0.9527	0.9530	0.9533	0.9536	0.9539
Woodie	0.9482	0.9504	0.9514	0.9536	0.9546	0.9568	0.9578
Fibonacci	0.9506	0.9518	0.9526	0.9538	0.9550	0.9558	0.9570

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.9439	0.9462	0.9498	0.9521	0.9557	0.9580	0.9616
Camarilla	0.9519	0.9524	0.9530	0.9535	0.9540	0.9546	0.9551
Woodie	0.9447	0.9465	0.9506	0.9524	0.9565	0.9583	0.9624
Fibonacci	0.9462	0.9484	0.9498	0.9521	0.9543	0.9557	0.9580

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.9031	0.9150	0.9234	0.9353	0.9437	0.9556	0.9640
Camarilla	0.9261	0.9280	0.9298	0.9317	0.9336	0.9354	0.9373
Woodie	0.9013	0.9141	0.9216	0.9344	0.9419	0.9547	0.9622
Fibonacci	0.9150	0.9228	0.9276	0.9353	0.9431	0.9479	0.9556

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):	42.17
MACD (12,26,9):	-0.0003
Directional Movement:	-5.0637
AROON (14):	42.8572
DEMA (21):	0.9525
Parabolic SAR (0,02-0,02-0,2):	0.9519
Elder Ray (13):	-0.0004
Super Trend (3,10):	0.9544
Zig ZAG (10):	0.9524
VORTEX (21):	0.9773
Stochastique (14,3,5):	51.85
TEMA (21):	0.9525
Williams %R (14):	-55.56
Chande Momentum Oscillator (20):	-0.0009
Repulse (5,40,3):	-0.0132
ROCnROLL:	2
TRIX (15,9):	-0.0058
Courbe Coppock:	0.06

MA7:	0.9531
MA20:	0.9464
MA50:	0.9407
MA100:	0.9481
MAexp7:	0.9527
MAexp20:	0.9529
MAexp50:	0.9534
MAexp100:	0.9533
Price / MA7:	-0.07%
Price / MA20:	+0.63%
Price / MA50:	+1.24%
Price / MA100:	+0.45%
Price / MAexp7:	-0.03%
Price / MAexp20:	-0.05%
Price / MAexp50:	-0.10%
Price / MAexp100:	-0.09%

Quotes : - Real time data - Forex

News

The latest news and videos published on EUR/CHF at the time of the analysis were as follows:

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

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