EUR/CHF - 1H - Technical analysis published on 02/11/2020 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
44%
11%
44%
My opinion
Bearish under 1.0694 CHF
My targets
1.0639 CHF (-0.0032)
1.0602 CHF (-0.0069)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/CHF as long as the price remains well below 1.0694 CHF. The next bearish objective for sellers is set at 1.0639 CHF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.0602 CHF. If there is any crossing, the next objective would be the support located at 0.9852 CHF. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
FORCE
0
10
3.9
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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
EUR/CHF rating 1.0671 CHF. The price registered a decrease of +0.08% on the session with the lowest point at 1.0656 CHF and the highest point at 1.0680 CHF. The deviation from the price is +0.14% for the low point and -0.08% for the high point.1.0656
1.0680
1.0671
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/CHF:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/CHF indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly 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 slightly bullish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 | 1.0663 | 1.0671 | 1.0679 | 1.0694 | 1.0714 |
| Change (%) | -7.68% | -0.30% | -0.07% | - | +0.07% | +0.22% | +0.40% |
| Change | -0.0819 | -0.0032 | -0.0008 | - | +0.0008 | +0.0023 | +0.0043 |
| Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | Minor |
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 | 1.0590 | 1.0625 | 1.0644 | 1.0679 | 1.0698 | 1.0733 | 1.0752 |
| Camarilla | 1.0648 | 1.0653 | 1.0658 | 1.0663 | 1.0668 | 1.0673 | 1.0678 |
| Woodie | 1.0582 | 1.0621 | 1.0636 | 1.0675 | 1.0690 | 1.0729 | 1.0744 |
| Fibonacci | 1.0625 | 1.0646 | 1.0658 | 1.0679 | 1.0700 | 1.0712 | 1.0733 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0602 | 1.0633 | 1.0667 | 1.0698 | 1.0732 | 1.0763 | 1.0797 |
| Camarilla | 1.0684 | 1.0690 | 1.0696 | 1.0702 | 1.0708 | 1.0714 | 1.0720 |
| Woodie | 1.0605 | 1.0634 | 1.0670 | 1.0699 | 1.0735 | 1.0764 | 1.0800 |
| Fibonacci | 1.0633 | 1.0658 | 1.0673 | 1.0698 | 1.0723 | 1.0738 | 1.0763 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0393 | 1.0529 | 1.0606 | 1.0742 | 1.0819 | 1.0955 | 1.1032 |
| Camarilla | 1.0624 | 1.0644 | 1.0664 | 1.0683 | 1.0703 | 1.0722 | 1.0742 |
| Woodie | 1.0364 | 1.0514 | 1.0577 | 1.0727 | 1.0790 | 1.0940 | 1.1003 |
| Fibonacci | 1.0529 | 1.0610 | 1.0661 | 1.0742 | 1.0823 | 1.0874 | 1.0955 |
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): | 43.52 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -6.0003 | |
| AROON (14): | -21.4285 | |
| DEMA (21): | 1.0667 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0677 | |
| Elder Ray (13): | 0.0002 | |
| Super Trend (3,10): | 1.0688 | |
| Zig ZAG (10): | 1.0671 | |
| VORTEX (21): | 0.9869 | |
| Stochastique (14,3,5): | 63.89 | |
| TEMA (21): | 1.0668 | |
| Williams %R (14): | -41.67 | |
| Chande Momentum Oscillator (20): | 0.0003 | |
| Repulse (5,40,3): | -0.0268 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0078 | |
| Courbe Coppock: | 0.09 |
| MA7: | 1.0691 | |
| MA20: | 1.0711 | |
| MA50: | 1.0815 | |
| MA100: | 1.0891 | |
| MAexp7: | 1.0670 | |
| MAexp20: | 1.0673 | |
| MAexp50: | 1.0683 | |
| MAexp100: | 1.0690 | |
| Price / MA7: | -0.19% | |
| Price / MA20: | -0.37% | |
| Price / MA50: | -1.33% | |
| Price / MA100: | -2.02% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.11% | |
| Price / MAexp100: | -0.18% |
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:
-
EURCHF on the Downslide
-
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?
This member declared not having a position on this financial instrument or a related financial instrument.
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