GBP/CHF - 1H - Technical analysis published on 10/26/2020 (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:
Bullish
De fond:
Slightly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 1.1799 CHF
My targets
1.1858 CHF (+0.0027)
1.1881 CHF (+0.0050)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade GBP/CHF with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1.1799 CHF. The buyers” bullish objective is set at 1.1858 CHF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.1881 CHF. If there is any crossing, the next objective would be the resistance located at 1.1916 CHF. If there is a bearish break in the support located at 1.1799 CHF some indecision would arise.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
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 1.1831 CHF. On the day, this instrument gained +0.32% and was between 1.1762 CHF and 1.1853 CHF. This implies that the price is at +0.59% from its lowest and at -0.19% from its highest.1.1762
1.1853
1.1831
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
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this GBP/CHF chart shows a slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The overall trend remains fragile, as do the slightly bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 14 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.1722 | 1.1760 | 1.1799 | 1.1831 | 1.1858 | 1.1881 | 1.1916 |
| Change (%) | -0.92% | -0.60% | -0.27% | - | +0.23% | +0.42% | +0.72% |
| Change | -0.0109 | -0.0071 | -0.0032 | - | +0.0027 | +0.0050 | +0.0085 |
| Level | Minor | Intermediate | Minor | - | Minor | Intermediate | 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 | 1.1648 | 1.1712 | 1.1753 | 1.1817 | 1.1858 | 1.1922 | 1.1963 |
| Camarilla | 1.1764 | 1.1774 | 1.1783 | 1.1793 | 1.1803 | 1.1812 | 1.1822 |
| Woodie | 1.1636 | 1.1706 | 1.1741 | 1.1811 | 1.1846 | 1.1916 | 1.1951 |
| Fibonacci | 1.1712 | 1.1752 | 1.1777 | 1.1817 | 1.1857 | 1.1882 | 1.1922 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1515 | 1.1618 | 1.1706 | 1.1809 | 1.1897 | 1.2000 | 1.2088 |
| Camarilla | 1.1741 | 1.1758 | 1.1776 | 1.1793 | 1.1811 | 1.1828 | 1.1846 |
| Woodie | 1.1507 | 1.1614 | 1.1698 | 1.1805 | 1.1889 | 1.1996 | 1.2080 |
| Fibonacci | 1.1618 | 1.1691 | 1.1736 | 1.1809 | 1.1882 | 1.1927 | 1.2000 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0964 | 1.1281 | 1.1588 | 1.1905 | 1.2212 | 1.2529 | 1.2836 |
| Camarilla | 1.1722 | 1.1780 | 1.1837 | 1.1894 | 1.1951 | 1.2008 | 1.2066 |
| Woodie | 1.0958 | 1.1279 | 1.1582 | 1.1903 | 1.2206 | 1.2527 | 1.2830 |
| Fibonacci | 1.1281 | 1.1520 | 1.1667 | 1.1905 | 1.2144 | 1.2291 | 1.2529 |
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): | 60.02 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | 11.2922 | |
| AROON (14): | 21.4285 | |
| DEMA (21): | 1.1803 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1770 | |
| Elder Ray (13): | 0.0027 | |
| Super Trend (3,10): | 1.1783 | |
| Zig ZAG (10): | 1.1832 | |
| VORTEX (21): | 1.0938 | |
| Stochastique (14,3,5): | 89.98 | |
| TEMA (21): | 1.1814 | |
| Williams %R (14): | -12.09 | |
| Chande Momentum Oscillator (20): | 0.0033 | |
| Repulse (5,40,3): | 0.2881 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0138 | |
| Courbe Coppock: | 0.23 |
| MA7: | 1.1822 | |
| MA20: | 1.1846 | |
| MA50: | 1.1879 | |
| MA100: | 1.1872 | |
| MAexp7: | 1.1819 | |
| MAexp20: | 1.1811 | |
| MAexp50: | 1.1824 | |
| MAexp100: | 1.1829 | |
| Price / MA7: | +0.08% | |
| Price / MA20: | -0.13% | |
| Price / MA50: | -0.40% | |
| Price / MA100: | -0.35% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.17% | |
| Price / MAexp50: | +0.06% | |
| Price / MAexp100: | +0.02% |
Quotes :
2020-10-26 11:30:18
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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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