GBP/CHF - 1H - Technical analysis published on 09/19/2022 (GMT)
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- 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
50%
0%
50%
My opinion
Bearish under 1.1038 CHF
My targets
1.0990 CHF (-0.0025)
1.0947 CHF (-0.0068)
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 1.1038 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 1.1038 CHF. The next bearish objective for sellers is set at 1.0990 CHF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.0947 CHF. PS: if there is a bullish break in the resistance located at 1.1038 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.
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
0.9
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Additional analysis
Quotes
The GBP/CHF rating is 1.1015 CHF. On the day, this instrument lost -0.01% and was traded between 1.0996 CHF and 1.1022 CHF over the period. The price is currently at +0.17% from its lowest and -0.06% from its highest.1.0996
1.1022
1.1015
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/CHF:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GBP/CHF in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 1.0947 | 1.0990 | 1.1015 | 1.1038 | 1.1181 | 1.1233 |
| Change (%) | -0.62% | -0.23% | - | +0.21% | +1.51% | +1.98% |
| Change | -0.0068 | -0.0025 | - | +0.0023 | +0.0166 | +0.0218 |
| Level | Intermediate | Minor | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0874 | 1.0911 | 1.0963 | 1.1000 | 1.1052 | 1.1089 | 1.1141 |
| Camarilla | 1.0992 | 1.1000 | 1.1008 | 1.1016 | 1.1024 | 1.1032 | 1.1041 |
| Woodie | 1.0883 | 1.0915 | 1.0972 | 1.1004 | 1.1061 | 1.1093 | 1.1150 |
| Fibonacci | 1.0911 | 1.0945 | 1.0966 | 1.1000 | 1.1034 | 1.1055 | 1.1089 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0676 | 1.0811 | 1.0914 | 1.1049 | 1.1152 | 1.1287 | 1.1390 |
| Camarilla | 1.0951 | 1.0972 | 1.0994 | 1.1016 | 1.1038 | 1.1060 | 1.1082 |
| Woodie | 1.0659 | 1.0803 | 1.0897 | 1.1041 | 1.1135 | 1.1279 | 1.1373 |
| Fibonacci | 1.0811 | 1.0902 | 1.0958 | 1.1049 | 1.1140 | 1.1196 | 1.1287 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0750 | 1.1017 | 1.1187 | 1.1454 | 1.1624 | 1.1891 | 1.2061 |
| Camarilla | 1.1237 | 1.1277 | 1.1317 | 1.1357 | 1.1397 | 1.1437 | 1.1477 |
| Woodie | 1.0702 | 1.0993 | 1.1139 | 1.1430 | 1.1576 | 1.1867 | 1.2013 |
| Fibonacci | 1.1017 | 1.1184 | 1.1287 | 1.1454 | 1.1621 | 1.1724 | 1.1891 |
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): | 52.80 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 3.2850 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 1.1008 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0988 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 1.1022 | |
| Zig ZAG (10): | 1.1016 | |
| VORTEX (21): | 1.1512 | |
| Stochastique (14,3,5): | 73.02 | |
| TEMA (21): | 1.1018 | |
| Williams %R (14): | -20.59 | |
| Chande Momentum Oscillator (20): | 0.0026 | |
| Repulse (5,40,3): | 0.0328 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0027 | |
| Courbe Coppock: | 0.48 |
| MA7: | 1.1069 | |
| MA20: | 1.1238 | |
| MA50: | 1.1430 | |
| MA100: | 1.1719 | |
| MAexp7: | 1.1014 | |
| MAexp20: | 1.1009 | |
| MAexp50: | 1.1023 | |
| MAexp100: | 1.1056 | |
| Price / MA7: | -0.49% | |
| Price / MA20: | -1.98% | |
| Price / MA50: | -3.63% | |
| Price / MA100: | -6.01% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | -0.37% |
Quotes :
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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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GBP/CHF Forecast December24, 2021
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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
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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…
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