GBP/CHF - 1H - Technical analysis published on 02/23/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.1148 CHF
My targets
1.1174 CHF (+0.0013)
1.1231 CHF (+0.0070)
My analysis
The bullish trend is currently very strong on GBP/CHF. As long as the price remains above the support at 1.1148 CHF, you could try to benefit from the boom. The first bullish objective is located at 1.1174 CHF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.1231 CHF as an objective. Crossing it would then enable buyers to target 1.1338 CHF. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
8.8
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This analysis was given by tiankriek. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/CHF rating is 1.1161 CHF. On the day, this instrument gained +0.15% and was between 1.1140 CHF and 1.1170 CHF. This implies that the price is at +0.19% from its lowest and at -0.08% from its highest.1.1140
1.1170
1.1161
Here is a more detailed summary of the historical variations registered by GBP/CHF:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GBP/CHF indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.1119 | 1.1148 | 1.1159 | 1.1161 | 1.1174 | 1.1185 | 1.1231 |
| Change (%) | -0.38% | -0.12% | -0.02% | - | +0.12% | +0.22% | +0.63% |
| Change | -0.0042 | -0.0013 | -0.0002 | - | +0.0013 | +0.0024 | +0.0070 |
| Level | Intermediate | Major | Minor | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1024 | 1.1054 | 1.1099 | 1.1129 | 1.1174 | 1.1204 | 1.1249 |
| Camarilla | 1.1123 | 1.1130 | 1.1137 | 1.1144 | 1.1151 | 1.1158 | 1.1165 |
| Woodie | 1.1032 | 1.1058 | 1.1107 | 1.1133 | 1.1182 | 1.1208 | 1.1257 |
| Fibonacci | 1.1054 | 1.1083 | 1.1100 | 1.1129 | 1.1158 | 1.1175 | 1.1204 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0870 | 1.0950 | 1.1025 | 1.1105 | 1.1180 | 1.1260 | 1.1335 |
| Camarilla | 1.1057 | 1.1072 | 1.1086 | 1.1100 | 1.1114 | 1.1128 | 1.1143 |
| Woodie | 1.0868 | 1.0949 | 1.1023 | 1.1104 | 1.1178 | 1.1259 | 1.1333 |
| Fibonacci | 1.0950 | 1.1009 | 1.1046 | 1.1105 | 1.1164 | 1.1201 | 1.1260 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0345 | 1.0514 | 1.0724 | 1.0893 | 1.1103 | 1.1272 | 1.1482 |
| Camarilla | 1.0831 | 1.0866 | 1.0900 | 1.0935 | 1.0970 | 1.1005 | 1.1039 |
| Woodie | 1.0367 | 1.0524 | 1.0746 | 1.0903 | 1.1125 | 1.1282 | 1.1504 |
| Fibonacci | 1.0514 | 1.0658 | 1.0748 | 1.0893 | 1.1037 | 1.1127 | 1.1272 |
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): | 60.53 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 16.6643 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 1.1161 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1154 | |
| Elder Ray (13): | 0.0010 | |
| Super Trend (3,10): | 1.1136 | |
| Zig ZAG (10): | 1.1160 | |
| VORTEX (21): | 1.2299 | |
| Stochastique (14,3,5): | 79.70 | |
| TEMA (21): | 1.1164 | |
| Williams %R (14): | -24.24 | |
| Chande Momentum Oscillator (20): | 0.0018 | |
| Repulse (5,40,3): | 0.0290 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0117 | |
| Courbe Coppock: | 0.24 |
| MA7: | 1.1121 | |
| MA20: | 1.1045 | |
| MA50: | 1.0957 | |
| MA100: | 1.0992 | |
| MAexp7: | 1.1159 | |
| MAexp20: | 1.1149 | |
| MAexp50: | 1.1136 | |
| MAexp100: | 1.1125 | |
| Price / MA7: | +0.36% | |
| Price / MA20: | +1.05% | |
| Price / MA50: | +1.86% | |
| Price / MA100: | +1.54% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.22% | |
| Price / MAexp100: | +0.32% |
Quotes :
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Real time data
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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:
-
GBP/CHF Forecast December 14, 2023
-
GBP/CHF Forecast December24, 2021
-
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.
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