GBP/CHF - 1H - Technical analysis published on 08/18/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 1.1905 CHF
My targets
1.1875 CHF (-0.0017)
1.1857 CHF (-0.0035)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.1905 CHF remains possible. It is advisable to trade GBP/CHF with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.1905 CHF. The next bearish objective for sellers is set at 1.1875 CHF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.1857 CHF. In case of crossing, the next objective would be the support located at 1.1699 CHF. PS: if there is a bullish break in the resistance located at 1.1905 CHF we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0
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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 price is 1.1892 CHF. On the day, this instrument gained +0.08% and was traded between 1.1880 CHF and 1.1901 CHF over the period. The price is currently at +0.10% from its lowest and -0.08% from its highest.1.1880
1.1901
1.1892
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this GBP/CHF chart shows a bearish trend. The signals given by moving averages are 64.29% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. 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. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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 horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel 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 | 1.1699 | 1.1857 | 1.1875 | 1.1892 | 1.1905 | 1.1951 | 1.1977 |
| Change (%) | -1.62% | -0.29% | -0.14% | - | +0.11% | +0.50% | +0.71% |
| Change | -0.0193 | -0.0035 | -0.0017 | - | +0.0013 | +0.0059 | +0.0085 |
| Level | Major | Minor | Intermediate | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1791 | 1.1824 | 1.1853 | 1.1886 | 1.1915 | 1.1948 | 1.1977 |
| Camarilla | 1.1865 | 1.1871 | 1.1876 | 1.1882 | 1.1888 | 1.1893 | 1.1899 |
| Woodie | 1.1789 | 1.1823 | 1.1851 | 1.1885 | 1.1913 | 1.1947 | 1.1975 |
| Fibonacci | 1.1824 | 1.1848 | 1.1862 | 1.1886 | 1.1910 | 1.1924 | 1.1948 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1718 | 1.1795 | 1.1845 | 1.1922 | 1.1972 | 1.2049 | 1.2099 |
| Camarilla | 1.1860 | 1.1872 | 1.1883 | 1.1895 | 1.1907 | 1.1918 | 1.1930 |
| Woodie | 1.1705 | 1.1788 | 1.1832 | 1.1915 | 1.1959 | 1.2042 | 1.2086 |
| Fibonacci | 1.1795 | 1.1844 | 1.1874 | 1.1922 | 1.1971 | 1.2001 | 1.2049 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1469 | 1.1586 | 1.1770 | 1.1887 | 1.2071 | 1.2188 | 1.2372 |
| Camarilla | 1.1870 | 1.1898 | 1.1925 | 1.1953 | 1.1981 | 1.2008 | 1.2036 |
| Woodie | 1.1502 | 1.1603 | 1.1803 | 1.1904 | 1.2104 | 1.2205 | 1.2405 |
| Fibonacci | 1.1586 | 1.1701 | 1.1772 | 1.1887 | 1.2002 | 1.2073 | 1.2188 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.42 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | 3.4298 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 1.1884 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1866 | |
| Elder Ray (13): | 0.0007 | |
| Super Trend (3,10): | 1.1923 | |
| Zig ZAG (10): | 1.1893 | |
| VORTEX (21): | 1.0164 | |
| Stochastique (14,3,5): | 76.92 | |
| TEMA (21): | 1.1887 | |
| Williams %R (14): | -23.08 | |
| Chande Momentum Oscillator (20): | 0.0017 | |
| Repulse (5,40,3): | -0.0225 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0048 | |
| Courbe Coppock: | 0.21 |
| MA7: | 1.1915 | |
| MA20: | 1.1898 | |
| MA50: | 1.1861 | |
| MA100: | 1.1932 | |
| MAexp7: | 1.1889 | |
| MAexp20: | 1.1887 | |
| MAexp50: | 1.1893 | |
| MAexp100: | 1.1904 | |
| Price / MA7: | -0.19% | |
| Price / MA20: | -0.05% | |
| Price / MA50: | +0.26% | |
| Price / MA100: | -0.34% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | -0.01% | |
| Price / MAexp100: | -0.10% |
Quotes :
2020-08-18 06:26:29
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Real time data
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Forex
News
The last news published on GBP/CHF at the time of the generation of this analysis was as follows:
-
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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