EUR/CHF - 1H - Technical analysis published on 02/26/2020 (GMT)
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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:
Bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 1.0639 CHF
My targets
1.0590 CHF (-0.0020)
1.0550 CHF (-0.0060)
My analysis
All elements being rather 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 1.0639 CHF. The next bearish objective for sellers is set at 1.0590 CHF. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 1.0550 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 momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
4.5
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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 rating is 1.0610 CHF. On the day, this instrument lost -0.09% and was traded between 1.0600 CHF and 1.0624 CHF over the period. The price is currently at +0.09% from its lowest and -0.13% from its highest.1.0600
1.0624
1.0610
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
Technical
Technical analysis of this 1H chart of EUR/CHF indicates that the overall trend is bearish. 75% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 7 are neutral and 7 are bearish. The Central Indicators scanner found this result concerning these indicators:
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 several results that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of triangle 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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.9852 | 1.0590 | 1.0606 | 1.0610 | 1.0611 | 1.0619 | 1.0639 |
| Change (%) | -7.14% | -0.19% | -0.04% | - | +0.01% | +0.08% | +0.27% |
| Change | -0.0758 | -0.0020 | -0.0004 | - | +0.0001 | +0.0009 | +0.0029 |
| Level | Minor | Minor | Intermediate | - | Minor | Minor | Major |
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 | 1.0552 | 1.0573 | 1.0596 | 1.0617 | 1.0640 | 1.0661 | 1.0684 |
| Camarilla | 1.0608 | 1.0612 | 1.0616 | 1.0620 | 1.0624 | 1.0628 | 1.0632 |
| Woodie | 1.0554 | 1.0574 | 1.0598 | 1.0618 | 1.0642 | 1.0662 | 1.0686 |
| Fibonacci | 1.0573 | 1.0590 | 1.0600 | 1.0617 | 1.0634 | 1.0644 | 1.0661 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0550 | 1.0578 | 1.0595 | 1.0623 | 1.0640 | 1.0668 | 1.0685 |
| Camarilla | 1.0600 | 1.0604 | 1.0608 | 1.0612 | 1.0616 | 1.0620 | 1.0624 |
| Woodie | 1.0545 | 1.0575 | 1.0590 | 1.0620 | 1.0635 | 1.0665 | 1.0680 |
| Fibonacci | 1.0578 | 1.0595 | 1.0606 | 1.0623 | 1.0640 | 1.0651 | 1.0668 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 46.59 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -7.8170 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 1.0612 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0622 | |
| Elder Ray (13): | -0.0002 | |
| Super Trend (3,10): | 1.0630 | |
| Zig ZAG (10): | 1.0612 | |
| VORTEX (21): | 1.0676 | |
| Stochastique (14,3,5): | 36.61 | |
| TEMA (21): | 1.0611 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | -0.0009 | |
| Repulse (5,40,3): | -0.0176 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0010 | |
| Courbe Coppock: | 0.09 |
| MA7: | 1.0619 | |
| MA20: | 1.0652 | |
| MA50: | 1.0743 | |
| MA100: | 1.0861 | |
| MAexp7: | 1.0611 | |
| MAexp20: | 1.0614 | |
| MAexp50: | 1.0615 | |
| MAexp100: | 1.0616 | |
| Price / MA7: | -0.08% | |
| Price / MA20: | -0.39% | |
| Price / MA50: | -1.24% | |
| Price / MA100: | -2.31% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.05% | |
| Price / MAexp100: | -0.06% |
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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