EUR/CHF - Daily - Technical analysis published on 12/19/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 1.0971 CHF
My targets
1.0828 CHF (-0.0079)
1.0639 CHF (-0.0268)
My analysis
The bearish trend is currently very strong for EUR/CHF. As long as the price remains below the resistance at 1.0971 CHF, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.0828 CHF. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.0639 CHF as an objective. Crossing it would then enable sellers to target 0.9852 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, 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
0
10
7.3
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/CHF price is 1.0907 CHF. On the day, this instrument gained +0.11% with the lowest point at 1.0894 CHF and the highest point at 1.0927 CHF. The deviation from the price is +0.12% for the low point and -0.18% for the high point.1.0894
1.0927
1.0907
Here is a more detailed summary of the historical variations registered by EUR/CHF:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
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 overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : Daily
The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0639 | 1.0828 | 1.0897 | 1.0907 | 1.0971 | 1.1018 | 1.1167 |
| Change (%) | -2.46% | -0.72% | -0.09% | - | +0.59% | +1.02% | +2.38% |
| Change | -0.0268 | -0.0079 | -0.0010 | - | +0.0064 | +0.0111 | +0.0260 |
| Level | Major | Major | Intermediate | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0847 | 1.0870 | 1.0883 | 1.0906 | 1.0919 | 1.0942 | 1.0955 |
| Camarilla | 1.0885 | 1.0888 | 1.0892 | 1.0895 | 1.0898 | 1.0902 | 1.0905 |
| Woodie | 1.0841 | 1.0868 | 1.0877 | 1.0904 | 1.0913 | 1.0940 | 1.0949 |
| Fibonacci | 1.0870 | 1.0884 | 1.0893 | 1.0906 | 1.0920 | 1.0929 | 1.0942 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0763 | 1.0836 | 1.0889 | 1.0962 | 1.1015 | 1.1088 | 1.1141 |
| Camarilla | 1.0906 | 1.0918 | 1.0930 | 1.0941 | 1.0953 | 1.0964 | 1.0976 |
| Woodie | 1.0752 | 1.0831 | 1.0878 | 1.0957 | 1.1004 | 1.1083 | 1.1130 |
| Fibonacci | 1.0836 | 1.0885 | 1.0914 | 1.0962 | 1.1011 | 1.1040 | 1.1088 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0738 | 1.0800 | 1.0910 | 1.0972 | 1.1082 | 1.1144 | 1.1254 |
| Camarilla | 1.0972 | 1.0988 | 1.1003 | 1.1019 | 1.1035 | 1.1051 | 1.1066 |
| Woodie | 1.0761 | 1.0812 | 1.0933 | 1.0984 | 1.1105 | 1.1156 | 1.1277 |
| Fibonacci | 1.0800 | 1.0866 | 1.0907 | 1.0972 | 1.1038 | 1.1079 | 1.1144 |
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): | 42.37 | |
| MACD (12,26,9): | -0.0014 | |
| Directional Movement: | -0.1881 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 1.0933 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1033 | |
| Elder Ray (13): | -0.0030 | |
| Super Trend (3,10): | 1.1046 | |
| Zig ZAG (10): | 1.0906 | |
| VORTEX (21): | 0.9368 | |
| Stochastique (14,3,5): | 7.58 | |
| TEMA (21): | 1.0920 | |
| Williams %R (14): | -91.55 | |
| Chande Momentum Oscillator (20): | -0.0036 | |
| Repulse (5,40,3): | -0.5148 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0105 | |
| Courbe Coppock: | 0.96 |
| MA7: | 1.0940 | |
| MA20: | 1.0959 | |
| MA50: | 1.0978 | |
| MA100: | 1.0938 | |
| MAexp7: | 1.0928 | |
| MAexp20: | 1.0949 | |
| MAexp50: | 1.0960 | |
| MAexp100: | 1.0984 | |
| Price / MA7: | -0.30% | |
| Price / MA20: | -0.47% | |
| Price / MA50: | -0.65% | |
| Price / MA100: | -0.28% | |
| Price / MAexp7: | -0.19% | |
| Price / MAexp20: | -0.38% | |
| Price / MAexp50: | -0.48% | |
| Price / MAexp100: | -0.70% |
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:
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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.
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