GBP/CHF - 1H - Technical analysis published on 10/28/2021 (GMT)
- 205
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 1.2666 CHF
My targets
1.2608 CHF (-0.0022)
1.2591 CHF (-0.0039)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GBP/CHF. As long as you are under the resistance located at 1.2666 CHF, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 1.2608 CHF would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 1.2591 CHF as an objective. Crossing it would then enable sellers to target 1.2489 CHF. If the resistance 1.2666 CHF were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0.2
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/CHF rating 1.2630 CHF. The price registered an increase of +0.17% on the session and was between 1.2604 CHF and 1.2635 CHF. This implies that the price is at +0.21% from its lowest and at -0.04% from its highest.1.2604
1.2635
1.2630
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GBP/CHF indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
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 resistance is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.2591 | 1.2608 | 1.2623 | 1.2630 | 1.2666 | 1.2718 | 1.2764 |
| Change (%) | -0.31% | -0.17% | -0.06% | - | +0.29% | +0.70% | +1.06% |
| Change | -0.0039 | -0.0022 | -0.0007 | - | +0.0036 | +0.0088 | +0.0134 |
| Level | Major | Minor | Minor | - | Intermediate | Intermediate | Minor |
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 | 1.2477 | 1.2528 | 1.2569 | 1.2620 | 1.2661 | 1.2712 | 1.2753 |
| Camarilla | 1.2584 | 1.2592 | 1.2601 | 1.2609 | 1.2617 | 1.2626 | 1.2634 |
| Woodie | 1.2471 | 1.2526 | 1.2563 | 1.2618 | 1.2655 | 1.2710 | 1.2747 |
| Fibonacci | 1.2528 | 1.2564 | 1.2585 | 1.2620 | 1.2656 | 1.2677 | 1.2712 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2370 | 1.2480 | 1.2543 | 1.2653 | 1.2716 | 1.2826 | 1.2889 |
| Camarilla | 1.2557 | 1.2573 | 1.2589 | 1.2605 | 1.2621 | 1.2637 | 1.2653 |
| Woodie | 1.2346 | 1.2468 | 1.2519 | 1.2641 | 1.2692 | 1.2814 | 1.2865 |
| Fibonacci | 1.2480 | 1.2546 | 1.2587 | 1.2653 | 1.2719 | 1.2760 | 1.2826 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2124 | 1.2315 | 1.2438 | 1.2629 | 1.2752 | 1.2943 | 1.3066 |
| Camarilla | 1.2475 | 1.2503 | 1.2532 | 1.2561 | 1.2590 | 1.2619 | 1.2647 |
| Woodie | 1.2090 | 1.2298 | 1.2404 | 1.2612 | 1.2718 | 1.2926 | 1.3032 |
| Fibonacci | 1.2315 | 1.2435 | 1.2509 | 1.2629 | 1.2749 | 1.2823 | 1.2943 |
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): | 52.57 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | 5.1192 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 1.2615 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2600 | |
| Elder Ray (13): | 0.0005 | |
| Super Trend (3,10): | 1.2654 | |
| Zig ZAG (10): | 1.2632 | |
| VORTEX (21): | 1.0888 | |
| Stochastique (14,3,5): | 83.36 | |
| TEMA (21): | 1.2617 | |
| Williams %R (14): | -24.14 | |
| Chande Momentum Oscillator (20): | 0.0016 | |
| Repulse (5,40,3): | 0.0595 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0102 | |
| Courbe Coppock: | 0.17 |
| MA7: | 1.2646 | |
| MA20: | 1.2645 | |
| MA50: | 1.2642 | |
| MA100: | 1.2666 | |
| MAexp7: | 1.2621 | |
| MAexp20: | 1.2622 | |
| MAexp50: | 1.2634 | |
| MAexp100: | 1.2646 | |
| Price / MA7: | -0.13% | |
| Price / MA20: | -0.12% | |
| Price / MA50: | -0.09% | |
| Price / MA100: | -0.28% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | -0.03% | |
| Price / MAexp100: | -0.13% |
Quotes :
-
Real time data
-
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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis GBP/CHF - 1H