EUR/CHF

- CHF (-)

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Type:	Forex
Ticker:	EURCHF
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EUR/CHF - Daily - Technical analysis published on 06/17/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Bearish

De fond: Strongly bearish

Technical indicators

50%

My opinion

Bearish under 1.1249 CHF

My targets

1.1191 CHF (-0.26%)

1.1167 CHF (-0.47%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/CHF as long as the price remains well below 1.1249 CHF. The next bearish objective for sellers is set at 1.1191 CHF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.1167 CHF. If there is any crossing, the next objective would be the support located at 1.0971 CHF. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

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

Additional analysis

Quotes

The EUR/CHF price is 1.1220 CHF. The price registered an increase of +0.23% on the session and was traded between 1.1190 CHF and 1.1222 CHF over the period. The price is currently at +0.27% from its lowest and -0.02% from its highest.

1.1190

1.1222

1.1220

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

A technical analysis in Daily of this EUR/CHF chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, only 9 technical indicators out of 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.0971	1.1167	1.1191	1.1220	1.1249	1.1319	1.1414
Change (%)	-2.22%	-0.47%	-0.26%	-	+0.26%	+0.88%	+1.73%
Change	-0.0249	-0.0053	-0.0029	-	+0.0029	+0.0099	+0.0194
Level	Minor	Major	Intermediate	-	Intermediate	Intermediate	Major

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	1.1149	1.1171	1.1183	1.1205	1.1217	1.1239	1.1251
Camarilla	1.1185	1.1188	1.1191	1.1194	1.1197	1.1200	1.1203
Woodie	1.1143	1.1169	1.1177	1.1202	1.1211	1.1236	1.1245
Fibonacci	1.1171	1.1184	1.1192	1.1205	1.1218	1.1226	1.1239

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.1086	1.1135	1.1165	1.1214	1.1244	1.1293	1.1323
Camarilla	1.1172	1.1180	1.1187	1.1194	1.1201	1.1208	1.1216
Woodie	1.1076	1.1130	1.1155	1.1209	1.1234	1.1288	1.1313
Fibonacci	1.1135	1.1166	1.1184	1.1214	1.1245	1.1263	1.1293

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):	46.12
MACD (12,26,9):	-0.0025
Directional Movement:	-9.07
AROON (14):	-28.57
DEMA (21):	1.1189
Parabolic SAR (0,02-0,02-0,2):	1.1173
Elder Ray (13):	-0.00075
Super Trend (3,10):	1.1313
Zig ZAG (10):	1.1218
VORTEX (21):	0.9182
Stochastique (14,3,5):	56.86
TEMA (21):	1.1186
Williams %R (14):	-31.94
Chande Momentum Oscillator (20):	0.0012
Repulse (5,40,3):	-0.0583
ROCnROLL:	-1
TRIX (15,9):	-0.0440
Courbe Coppock:	0.48

MA7:	1.1213
MA20:	1.1213
MA50:	1.1302
MA100:	1.1313
MAexp7:	1.1210
MAexp20:	1.1225
MAexp50:	1.1267
MAexp100:	1.1296
Price / MA7:	+0.06%
Price / MA20:	+0.06%
Price / MA50:	-0.73%
Price / MA100:	-0.82%
Price / MAexp7:	+0.09%
Price / MAexp20:	-0.04%
Price / MAexp50:	-0.42%
Price / MAexp100:	-0.67%

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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