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 01/02/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Bearish
De fond: Bearish
Technical indicators
39%
39%
22%
My opinion
Bearish under 1.0869 CHF
My targets
1.0839 CHF (-0.0017)
1.0827 CHF (-0.0029)
My analysis
There is a bearish trend on EUR/CHF both at the basic level and in the short term. A sale could be considered, so long as the price remains below 1.0869 CHF. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 1.0839 CHF. Then the price could move towards 1.0827 CHF. Then 1.0639 CHF by extension. Be careful, a return to above the resistance 1.0869 CHF would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
3.9

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 1.0856 CHF. On the day, this instrument lost -0.02% and was between 1.0851 CHF and 1.0878 CHF. This implies that the price is at +0.05% from its lowest and at -0.20% from its highest.

1.0851
1.0878
1.0856

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by EUR/CHF:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this EUR/CHF chart shows a bearish trend. 75% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.0827 1.0839 1.0849 1.0856 1.0861 1.0869 1.0883
Change (%) -0.27% -0.16% -0.06% - +0.05% +0.12% +0.25%
Change -0.0029 -0.0017 -0.0007 - +0.0005 +0.0013 +0.0027
Level Major Minor Minor - Intermediate Minor Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.08221.08321.08451.08551.08681.08781.0891
Camarilla1.08521.08541.08561.08581.08601.08621.0864
Woodie1.08241.08331.08471.08561.08701.08791.0893
Fibonacci1.08321.08411.08461.08551.08641.08691.0878


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.08211.08411.08651.08851.09091.09291.0953
Camarilla1.08771.08811.08851.08891.08931.08971.0901
Woodie1.08231.08421.08671.08861.09111.09301.0955
Fibonacci1.08411.08581.08681.08851.09021.09121.0929


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.05861.07131.07831.09101.09801.11071.1177
Camarilla1.08001.08181.08361.08541.08721.08901.0908
Woodie1.05591.06991.07561.08961.09531.10931.1150
Fibonacci1.07131.07881.08341.09101.09851.10311.1107

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): 46.18
MACD (12,26,9): 0.0002
Directional Movement: -9.3210
AROON (14): 50.0000
DEMA (21): 1.0865
Parabolic SAR (0,02-0,02-0,2): 1.0877
Elder Ray (13): -0.0004
Super Trend (3,10): 1.0850
Zig ZAG (10): 1.0856
VORTEX (21): 0.9714
Stochastique (14,3,5): 48.04
TEMA (21): 1.0868
Williams %R (14): -52.94
Chande Momentum Oscillator (20): 0.0005
Repulse (5,40,3): -0.0893
ROCnROLL: 2
TRIX (15,9): 0.0032
Courbe Coppock: 0.16
MA7: 1.0869
MA20: 1.0904
MA50: 1.0950
MA100: 1.0936
MAexp7: 1.0864
MAexp20: 1.0862
MAexp50: 1.0861
MAexp100: 1.0866
Price / MA7: -0.12%
Price / MA20: -0.44%
Price / MA50: -0.86%
Price / MA100: -0.73%
Price / MAexp7: -0.07%
Price / MAexp20: -0.06%
Price / MAexp50: -0.05%
Price / MAexp100: -0.09%

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

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