GBP/CHF - 1H - Technical analysis published on 06/24/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
61%
22%
17%
My opinion
Bullish above 1.1801 CHF
My targets
1.1893 CHF (+0.0059)
1.1934 CHF (+0.0100)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on GBP/CHF. This is a positive signal for buyers. As long as the price remains above 1.1801 CHF, a purchase could be considered. The first bullish objective is located at 1.1893 CHF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.1934 CHF as an objective. Crossing it would then enable buyers to target 1.2037 CHF. In the event of a return below 1.1801 CHF, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.5
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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
GBP/CHF rating 1.1834 CHF. The price registered an increase of +0.03% on the session and was between 1.1784 CHF and 1.1842 CHF. This implies that the price is at +0.42% from its lowest and at -0.07% from its highest.1.1784
1.1842
1.1834
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/CHF:
Technical
Technical analysis of GBP/CHF in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 11 are bullish, 3 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.1746 | 1.1771 | 1.1801 | 1.1834 | 1.1844 | 1.1893 | 1.1934 |
| Change (%) | -0.74% | -0.53% | -0.28% | - | +0.08% | +0.50% | +0.85% |
| Change | -0.0088 | -0.0063 | -0.0033 | - | +0.0010 | +0.0059 | +0.0100 |
| Level | Major | Minor | Minor | - | Intermediate | Minor | Major |
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 | 1.1690 | 1.1724 | 1.1777 | 1.1811 | 1.1864 | 1.1898 | 1.1951 |
| Camarilla | 1.1806 | 1.1814 | 1.1822 | 1.1830 | 1.1838 | 1.1846 | 1.1854 |
| Woodie | 1.1700 | 1.1729 | 1.1787 | 1.1816 | 1.1874 | 1.1903 | 1.1961 |
| Fibonacci | 1.1724 | 1.1757 | 1.1778 | 1.1811 | 1.1844 | 1.1865 | 1.1898 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1367 | 1.1556 | 1.1658 | 1.1847 | 1.1949 | 1.2138 | 1.2240 |
| Camarilla | 1.1679 | 1.1706 | 1.1732 | 1.1759 | 1.1786 | 1.1812 | 1.1839 |
| Woodie | 1.1323 | 1.1534 | 1.1614 | 1.1825 | 1.1905 | 1.2116 | 1.2196 |
| Fibonacci | 1.1556 | 1.1668 | 1.1736 | 1.1847 | 1.1959 | 1.2027 | 1.2138 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1245 | 1.1488 | 1.1679 | 1.1922 | 1.2113 | 1.2356 | 1.2547 |
| Camarilla | 1.1752 | 1.1791 | 1.1831 | 1.1871 | 1.1911 | 1.1951 | 1.1990 |
| Woodie | 1.1220 | 1.1475 | 1.1654 | 1.1909 | 1.2088 | 1.2343 | 1.2522 |
| Fibonacci | 1.1488 | 1.1654 | 1.1756 | 1.1922 | 1.2088 | 1.2190 | 1.2356 |
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): | 57.19 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 3.7819 | |
| AROON (14): | -57.1428 | |
| DEMA (21): | 1.1823 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1785 | |
| Elder Ray (13): | 0.0008 | |
| Super Trend (3,10): | 1.1842 | |
| Zig ZAG (10): | 1.1833 | |
| VORTEX (21): | 1.0956 | |
| Stochastique (14,3,5): | 64.37 | |
| TEMA (21): | 1.1818 | |
| Williams %R (14): | -37.93 | |
| Chande Momentum Oscillator (20): | -0.0009 | |
| Repulse (5,40,3): | -0.0201 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0035 | |
| Courbe Coppock: | 0.18 |
| MA7: | 1.1850 | |
| MA20: | 1.1961 | |
| MA50: | 1.1972 | |
| MA100: | 1.2064 | |
| MAexp7: | 1.1819 | |
| MAexp20: | 1.1818 | |
| MAexp50: | 1.1814 | |
| MAexp100: | 1.1826 | |
| Price / MA7: | -0.14% | |
| Price / MA20: | -1.06% | |
| Price / MA50: | -1.15% | |
| Price / MA100: | -1.91% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | +0.14% | |
| Price / MAexp50: | +0.17% | |
| Price / MAexp100: | +0.07% |
Quotes :
2020-06-24 11:54:33
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Real time data
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Forex
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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