GBP/CHF - 1H - Technical analysis published on 05/19/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.1853 CHF
My targets
1.1934 CHF (+0.0031)
1.2014 CHF (+0.0111)
My analysis
GBP/CHF is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.1853 CHF. The next resistance located at 1.1934 CHF is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.2014 CHF. After this resistance, buyers could then target 1.2082 CHF.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
7
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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 GBP/CHF rating is 1.1903 CHF. On the day, this instrument gained +0.40% and was traded between 1.1847 CHF and 1.1924 CHF over the period. The price is currently at +0.47% from its lowest and -0.18% from its highest.1.1847
1.1924
1.1903
Here is a more detailed summary of the historical variations registered by GBP/CHF:
Technical
Technical analysis of this 1H chart of GBP/CHF indicates that the overall trend is bullish. The signals returned by the moving averages are 75% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.1730 | 1.1783 | 1.1853 | 1.1903 | 1.1934 | 1.2014 | 1.2082 |
| Change (%) | -1.45% | -1.01% | -0.42% | - | +0.26% | +0.93% | +1.50% |
| Change | -0.0173 | -0.0120 | -0.0050 | - | +0.0031 | +0.0111 | +0.0179 |
| Level | Intermediate | Minor | Major | - | Intermediate | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1582 | 1.1656 | 1.1756 | 1.1830 | 1.1930 | 1.2004 | 1.2104 |
| Camarilla | 1.1808 | 1.1824 | 1.1840 | 1.1856 | 1.1872 | 1.1888 | 1.1904 |
| Woodie | 1.1595 | 1.1663 | 1.1769 | 1.1837 | 1.1943 | 1.2011 | 1.2117 |
| Fibonacci | 1.1656 | 1.1723 | 1.1764 | 1.1830 | 1.1897 | 1.1938 | 1.2004 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1341 | 1.1550 | 1.1656 | 1.1865 | 1.1971 | 1.2180 | 1.2286 |
| Camarilla | 1.1675 | 1.1704 | 1.1733 | 1.1762 | 1.1791 | 1.1820 | 1.1849 |
| Woodie | 1.1290 | 1.1524 | 1.1605 | 1.1839 | 1.1920 | 1.2154 | 1.2235 |
| Fibonacci | 1.1550 | 1.1670 | 1.1745 | 1.1865 | 1.1985 | 1.2060 | 1.2180 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1616 | 1.1743 | 1.1951 | 1.2078 | 1.2286 | 1.2413 | 1.2621 |
| Camarilla | 1.2067 | 1.2098 | 1.2128 | 1.2159 | 1.2190 | 1.2220 | 1.2251 |
| Woodie | 1.1657 | 1.1763 | 1.1992 | 1.2098 | 1.2327 | 1.2433 | 1.2662 |
| Fibonacci | 1.1743 | 1.1871 | 1.1950 | 1.2078 | 1.2206 | 1.2285 | 1.2413 |
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): | 63.70 | |
| MACD (12,26,9): | 0.0022 | |
| Directional Movement: | 16.5856 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 1.1891 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1844 | |
| Elder Ray (13): | 0.0019 | |
| Super Trend (3,10): | 1.1832 | |
| Zig ZAG (10): | 1.1896 | |
| VORTEX (21): | 1.1667 | |
| Stochastique (14,3,5): | 73.73 | |
| TEMA (21): | 1.1906 | |
| Williams %R (14): | -37.65 | |
| Chande Momentum Oscillator (20): | 0.0037 | |
| Repulse (5,40,3): | 0.1128 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0247 | |
| Courbe Coppock: | 0.66 |
| MA7: | 1.1885 | |
| MA20: | 1.2003 | |
| MA50: | 1.1907 | |
| MA100: | 1.2256 | |
| MAexp7: | 1.1890 | |
| MAexp20: | 1.1863 | |
| MAexp50: | 1.1845 | |
| MAexp100: | 1.1862 | |
| Price / MA7: | +0.15% | |
| Price / MA20: | -0.83% | |
| Price / MA50: | -0.03% | |
| Price / MA100: | -2.88% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.34% | |
| Price / MAexp50: | +0.49% | |
| Price / MAexp100: | +0.35% |
News
Don"t forget to follow the news on GBP/CHF. At the time of publication of this analysis, the latest news was as follows:
-
Weekly Technical Analysis: 23/07/2019 - USDJPY, GBPCHF, NZDUSD
-
GBP/CHF Is a Preferred Setup Because of its Lack of Key Events (Quick Take Video)
This member declared not having a position on this financial instrument or a related financial instrument.
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