GBP/CHF - Daily - Technical analysis published on 07/15/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Strongly bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 1.1925 CHF
My targets
1.1699 CHF (-0.0132)
1.1233 CHF (-0.0598)
My analysis
With a strongly bearish trend, the price of GBP/CHF is trying to inflate a little while more or less stagnating in the short term. Is the price preparing for a rebound or a bearish rally recovery? Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.1925 CHF remains possible. It would be possible for traders to only trade short positions (for sale) on GBP/CHF as long as the price remains well below 1.1925 CHF. The next bearish objective for sellers is set at 1.1699 CHF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.1233 CHF.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.3
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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 1.1831 CHF. The price has increased by +0.20% since the last closing and was traded between 1.1807 CHF and 1.1843 CHF over the period. The price is currently at +0.20% from its lowest and -0.10% from its highest.1.1807
1.1843
1.1831
Here is a more detailed summary of the historical variations registered by GBP/CHF:
Technical
Technical analysis of GBP/CHF in Daily shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the strongly bearish trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near resistance of triangle
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.1233 | 1.1699 | 1.1831 | 1.1925 | 1.2195 | 1.2381 |
| Change (%) | -5.05% | -1.12% | - | +0.79% | +3.08% | +4.65% |
| Change | -0.0598 | -0.0132 | - | +0.0094 | +0.0364 | +0.0550 |
| Level | Intermediate | Major | - | Minor | Minor | 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 | 1.1656 | 1.1695 | 1.1751 | 1.1790 | 1.1846 | 1.1885 | 1.1941 |
| Camarilla | 1.1782 | 1.1791 | 1.1799 | 1.1808 | 1.1817 | 1.1825 | 1.1834 |
| Woodie | 1.1666 | 1.1699 | 1.1761 | 1.1794 | 1.1856 | 1.1889 | 1.1951 |
| Fibonacci | 1.1695 | 1.1731 | 1.1753 | 1.1790 | 1.1826 | 1.1848 | 1.1885 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1602 | 1.1665 | 1.1773 | 1.1836 | 1.1944 | 1.2007 | 1.2115 |
| Camarilla | 1.1833 | 1.1849 | 1.1864 | 1.1880 | 1.1896 | 1.1911 | 1.1927 |
| Woodie | 1.1624 | 1.1676 | 1.1795 | 1.1847 | 1.1966 | 1.2018 | 1.2137 |
| Fibonacci | 1.1665 | 1.1731 | 1.1771 | 1.1836 | 1.1902 | 1.1942 | 1.2007 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0861 | 1.1246 | 1.1490 | 1.1875 | 1.2119 | 1.2504 | 1.2748 |
| Camarilla | 1.1561 | 1.1619 | 1.1676 | 1.1734 | 1.1792 | 1.1849 | 1.1907 |
| Woodie | 1.0791 | 1.1211 | 1.1420 | 1.1840 | 1.2049 | 1.2469 | 1.2678 |
| Fibonacci | 1.1246 | 1.1486 | 1.1635 | 1.1875 | 1.2115 | 1.2264 | 1.2504 |
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): | 48.71 | |
| MACD (12,26,9): | -0.0021 | |
| Directional Movement: | -7.7791 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 1.1797 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1701 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 1.1996 | |
| Zig ZAG (10): | 1.1833 | |
| VORTEX (21): | 0.9259 | |
| Stochastique (14,3,5): | 69.35 | |
| TEMA (21): | 1.1807 | |
| Williams %R (14): | -25.64 | |
| Chande Momentum Oscillator (20): | 0.0125 | |
| Repulse (5,40,3): | 0.2314 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0438 | |
| Courbe Coppock: | 0.63 |
| MA7: | 1.1836 | |
| MA20: | 1.1797 | |
| MA50: | 1.1890 | |
| MA100: | 1.1930 | |
| MAexp7: | 1.1825 | |
| MAexp20: | 1.1832 | |
| MAexp50: | 1.1891 | |
| MAexp100: | 1.2005 | |
| Price / MA7: | -0.04% | |
| Price / MA20: | +0.29% | |
| Price / MA50: | -0.50% | |
| Price / MA100: | -0.83% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.50% | |
| Price / MAexp100: | -1.45% |
Quotes :
2020-07-15 08:47:48
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Real time data
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Forex
News
The latest news and videos published on GBP/CHF at the time of the analysis were as follows:
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Weekly Technical Analysis: 23/07/2019 - USDJPY, GBPCHF, NZDUSD
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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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