EUR/CHF

- CHF (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	EURCHF
ISIN:

EUR/CHF - 1H - Technical analysis published on 03/19/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bullish

Technical indicators

17%

56%

28%

My opinion

Bearish under 0.9680 CHF

My targets

0.9605 CHF (-0.0026)

0.9576 CHF (-0.0055)

My analysis

The strong short-term decline in EUR/CHF calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 0.9680 CHF, one could consider taking advantage of the short-term movement. The first bearish objective is located at 0.9605 CHF. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.9576 CHF as an objective. Crossing it would then enable sellers to target 0.9559 CHF. Be careful, a return to above 0.9680 CHF could jeopardize the reversal.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

1.6

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 0.9631 CHF. On the day, this instrument lost -0.21% and was between 0.9620 CHF and 0.9665 CHF. This implies that the price is at +0.11% from its lowest and at -0.35% from its highest.

0.9620

0.9665

0.9631

Here is a more detailed summary of the historical variations registered by EUR/CHF:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

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 slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

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

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

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	0.9576	0.9605	0.9629	0.9631	0.9680	0.9761	0.9810
Change (%)	-0.57%	-0.27%	-0.02%	-	+0.51%	+1.35%	+1.86%
Change	-0.0055	-0.0026	-0.0002	-	+0.0049	+0.0130	+0.0179
Level	Minor	Major	Intermediate	-	Major	Minor	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.9580	0.9596	0.9624	0.9640	0.9668	0.9684	0.9712
Camarilla	0.9639	0.9643	0.9647	0.9651	0.9655	0.9659	0.9663
Woodie	0.9585	0.9599	0.9629	0.9643	0.9673	0.9687	0.9717
Fibonacci	0.9596	0.9613	0.9624	0.9640	0.9657	0.9668	0.9684

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.9521	0.9545	0.9582	0.9606	0.9643	0.9667	0.9704
Camarilla	0.9601	0.9607	0.9612	0.9618	0.9624	0.9629	0.9635
Woodie	0.9527	0.9548	0.9588	0.9609	0.9649	0.9670	0.9710
Fibonacci	0.9545	0.9569	0.9583	0.9606	0.9630	0.9644	0.9667

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.9136	0.9222	0.9389	0.9475	0.9642	0.9728	0.9895
Camarilla	0.9487	0.9511	0.9534	0.9557	0.9580	0.9603	0.9627
Woodie	0.9178	0.9242	0.9431	0.9495	0.9684	0.9748	0.9937
Fibonacci	0.9222	0.9318	0.9378	0.9475	0.9571	0.9631	0.9728

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):	44.96
MACD (12,26,9):	0.0001
Directional Movement:	-4.8133
AROON (14):	-21.4286
DEMA (21):	0.9647
Parabolic SAR (0,02-0,02-0,2):	0.9661
Elder Ray (13):	-0.0008
Super Trend (3,10):	0.9663
Zig ZAG (10):	0.9633
VORTEX (21):	0.9954
Stochastique (14,3,5):	27.41
TEMA (21):	0.9642
Williams %R (14):	-71.11
Chande Momentum Oscillator (20):	-0.0018
Repulse (5,40,3):	-0.1298
ROCnROLL:	2
TRIX (15,9):	0.0078
Courbe Coppock:	0.20

MA7:	0.9618
MA20:	0.9583
MA50:	0.9478
MA100:	0.9495
MAexp7:	0.9640
MAexp20:	0.9644
MAexp50:	0.9637
MAexp100:	0.9627
Price / MA7:	+0.14%
Price / MA20:	+0.50%
Price / MA50:	+1.61%
Price / MA100:	+1.43%
Price / MAexp7:	-0.09%
Price / MAexp20:	-0.13%
Price / MAexp50:	-0.06%
Price / MAexp100:	+0.04%

Quotes : - Real time data - Forex

News

Don't forget to follow the news on EUR/CHF. At the time of publication of this analysis, the latest news was as follows:

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

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