EUR/CHF - Daily - Technical analysis published on 12/24/2019 (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
28%
39%
33%
My opinion
Bearish under 1.1017 CHF
My targets
1.0827 CHF (-0.0066)
1.0639 CHF (-0.0254)
My analysis
The bearish trend is currently very strong for EUR/CHF. As long as the price remains below the resistance at 1.1017 CHF, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.0827 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 are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
5.7
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This analysis was given by TWISTER. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/CHF rating 1.0893 CHF. On the day, this instrument gained +0.06% and was traded between 1.0886 CHF and 1.0898 CHF over the period. The price is currently at +0.06% from its lowest and -0.05% from its highest.1.0886
1.0898
1.0893
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of EUR/CHF in Daily shows a overall strongly bearish trend. 85.71% 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
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
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
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 | 0.9852 | 1.0639 | 1.0827 | 1.0893 | 1.0897 | 1.1017 | 1.1167 |
| Change (%) | -9.56% | -2.33% | -0.61% | - | +0.04% | +1.14% | +2.52% |
| Change | -0.1041 | -0.0254 | -0.0066 | - | +0.0004 | +0.0124 | +0.0274 |
| Level | Minor | Major | Major | - | 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 | 1.0829 | 1.0845 | 1.0866 | 1.0882 | 1.0903 | 1.0919 | 1.0940 |
| Camarilla | 1.0877 | 1.0880 | 1.0884 | 1.0887 | 1.0890 | 1.0894 | 1.0897 |
| Woodie | 1.0832 | 1.0846 | 1.0869 | 1.0883 | 1.0906 | 1.0920 | 1.0943 |
| Fibonacci | 1.0845 | 1.0859 | 1.0868 | 1.0882 | 1.0896 | 1.0905 | 1.0919 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0744 | 1.0805 | 1.0845 | 1.0906 | 1.0946 | 1.1007 | 1.1047 |
| Camarilla | 1.0856 | 1.0866 | 1.0875 | 1.0884 | 1.0893 | 1.0903 | 1.0912 |
| Woodie | 1.0733 | 1.0800 | 1.0834 | 1.0901 | 1.0935 | 1.1002 | 1.1036 |
| Fibonacci | 1.0805 | 1.0844 | 1.0868 | 1.0906 | 1.0945 | 1.0969 | 1.1007 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 40.07 | |
| MACD (12,26,9): | -0.0022 | |
| Directional Movement: | -5.1339 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 1.0906 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1011 | |
| Elder Ray (13): | -0.0027 | |
| Super Trend (3,10): | 1.1017 | |
| Zig ZAG (10): | 1.0890 | |
| VORTEX (21): | 0.9103 | |
| Stochastique (14,3,5): | 13.83 | |
| TEMA (21): | 1.0889 | |
| Williams %R (14): | -83.43 | |
| Chande Momentum Oscillator (20): | -0.0064 | |
| Repulse (5,40,3): | -0.2090 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0185 | |
| Courbe Coppock: | 1.18 |
| MA7: | 1.0902 | |
| MA20: | 1.0943 | |
| MA50: | 1.0970 | |
| MA100: | 1.0937 | |
| MAexp7: | 1.0902 | |
| MAexp20: | 1.0931 | |
| MAexp50: | 1.0951 | |
| MAexp100: | 1.0977 | |
| Price / MA7: | -0.08% | |
| Price / MA20: | -0.46% | |
| Price / MA50: | -0.70% | |
| Price / MA100: | -0.40% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.35% | |
| Price / MAexp50: | -0.53% | |
| Price / MAexp100: | -0.77% |
News
The last news published on EUR/CHF at the time of the generation of this analysis 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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