EUR/CHF
EUR CHF
- CHF (-)
- Real time data - Forex
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Type: Forex
Ticker: EURCHF
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EUR/CHF - 1H - Technical analysis published on 11/05/2019 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 1.1007 CHF
My targets
1.0992 CHF (-0.01%)
1.0971 CHF (-0.20%)
My analysis
The bearish trend is currently very strong for EUR/CHF. As long as the price remains below the resistance at 1.1007 CHF, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.0992 CHF. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.0971 CHF as an objective. Crossing it would then enable sellers to target 1.0908 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 confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
7.5

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:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/CHF price is 1.0993 CHF. The price registered a decrease of -0.06% on the session with the lowest point at 1.0979 CHF and the highest point at 1.1030 CHF. The deviation from the price is +0.13% for the low point and -0.34% for the high point.

1.0979
1.1030
1.0993

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

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



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

Technical


Technical analysis of this 1H chart of EUR/CHF indicates that the overall trend is strongly bearish. 89.29% 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.

An assessment of technical indicators shows a bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.0908 1.0971 1.0992 1.0993 1.1007 1.1021 1.1035
Change (%) -0.77% -0.20% -0.01% - +0.13% +0.25% +0.38%
Change -0.0085 -0.0022 -0.0001 - +0.0014 +0.0028 +0.0042
Level Minor Intermediate Intermediate - Intermediate Minor Intermediate



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
Standard1.09851.09941.10041.10131.10231.10321.1042
Camarilla1.10091.10111.10121.10141.10161.10181.1019
Woodie1.09861.09941.10051.10131.10241.10321.1043
Fibonacci1.09941.10011.10061.10131.10201.10251.1032


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.09121.09521.09791.10191.10461.10861.1113
Camarilla1.09881.09941.10001.10061.10121.10181.1024
Woodie1.09061.09491.09731.10161.10401.10831.1107
Fibonacci1.09521.09781.09931.10191.10451.10601.1086


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.06771.07651.08851.09731.10931.11811.1301
Camarilla1.09491.09681.09871.10061.10251.10441.1063
Woodie1.06941.07731.09021.09811.11101.11891.1318
Fibonacci1.07651.08441.08931.09731.10521.11011.1181

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): 38.28
MACD (12,26,9): -0.0005
Directional Movement: -12.9376
AROON (14): -35.7143
DEMA (21): 1.0999
Parabolic SAR (0,02-0,02-0,2): 1.1013
Elder Ray (13): -0.0010
Super Trend (3,10): 1.1020
Zig ZAG (10): 1.0993
VORTEX (21): 0.9124
Stochastique (14,3,5): 26.80
TEMA (21): 1.0994
Williams %R (14): -72.55
Chande Momentum Oscillator (20): -0.0018
Repulse (5,40,3): -0.0102
ROCnROLL: 2
TRIX (15,9): -0.0027
Courbe Coppock: 0.38
MA7: 1.1020
MA20: 1.1006
MA50: 1.0945
MA100: 1.0978
MAexp7: 1.0996
MAexp20: 1.1004
MAexp50: 1.1009
MAexp100: 1.1014
Price / MA7: -0.25%
Price / MA20: -0.12%
Price / MA50: +0.44%
Price / MA100: +0.14%
Price / MAexp7: -0.03%
Price / MAexp20: -0.10%
Price / MAexp50: -0.15%
Price / MAexp100: -0.19%

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

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