EUR/CHF - 1H - Technical analysis published on 11/05/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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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
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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 1.0993 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.
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:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
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:
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:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 1.0985 | 1.0994 | 1.1004 | 1.1013 | 1.1023 | 1.1032 | 1.1042 |
Camarilla | 1.1009 | 1.1011 | 1.1012 | 1.1014 | 1.1016 | 1.1018 | 1.1019 |
Woodie | 1.0986 | 1.0994 | 1.1005 | 1.1013 | 1.1024 | 1.1032 | 1.1043 |
Fibonacci | 1.0994 | 1.1001 | 1.1006 | 1.1013 | 1.1020 | 1.1025 | 1.1032 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.0912 | 1.0952 | 1.0979 | 1.1019 | 1.1046 | 1.1086 | 1.1113 |
Camarilla | 1.0988 | 1.0994 | 1.1000 | 1.1006 | 1.1012 | 1.1018 | 1.1024 |
Woodie | 1.0906 | 1.0949 | 1.0973 | 1.1016 | 1.1040 | 1.1083 | 1.1107 |
Fibonacci | 1.0952 | 1.0978 | 1.0993 | 1.1019 | 1.1045 | 1.1060 | 1.1086 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.0677 | 1.0765 | 1.0885 | 1.0973 | 1.1093 | 1.1181 | 1.1301 |
Camarilla | 1.0949 | 1.0968 | 1.0987 | 1.1006 | 1.1025 | 1.1044 | 1.1063 |
Woodie | 1.0694 | 1.0773 | 1.0902 | 1.0981 | 1.1110 | 1.1189 | 1.1318 |
Fibonacci | 1.0765 | 1.0844 | 1.0893 | 1.0973 | 1.1052 | 1.1101 | 1.1181 |
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% |
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:
- Weekly Technical Analysis: 26/08/2019 - USDJPY, EURCHF, NZDUSD
- Quick EURUSD EURCHF 07 25 2019
- As France, Italy, ECB and Other Euro Risks Rise, Watch EURCHF
- Could a Desperate SNB Trigger a EURCHF, Swiss Franc Reversal?
- Weekly Technical Analysis: 29/05/2018 - USDJPY, EURUSD, GBPUSD, EURCHF
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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