GBP/CHF - 1H - Technical analysis published on 10/17/2019 (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:
Strongly bearish
De fond:
Slightly bullish
Technical indicators
22%
39%
39%
My opinion
Bearish under 1.2829 CHF
My targets
1.2629 CHF (-0.55%)
1.2464 CHF (-1.85%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for GBP/CHF as long as the price remains well below 1.2829 CHF. The next bearish objective for sellers is set at 1.2629 CHF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.2464 CHF. In case of crossing, the next objective would be the support located at 1.2381 CHF. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 1.2629 CHF. With this support, against the trend traders who want to buy GBP/CHF on a buy signal from their trading strategy should not hesitate to act.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
1.3
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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 1.2699 CHF. On the day, this instrument lost -0.39% and was between 1.2623 CHF and 1.2893 CHF. This implies that the price is at +0.60% from its lowest and at -1.50% from its highest.1.2623
1.2893
1.2699
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
Here is a more detailed summary of the historical variations registered by GBP/CHF:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/CHF chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. An assessment of moving averages reveals a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.2381 | 1.2464 | 1.2629 | 1.2699 | 1.2829 | 1.2973 | 1.3117 |
| Change (%) | -2.50% | -1.85% | -0.55% | - | +1.02% | +2.16% | +3.29% |
| Change | -0.0318 | -0.0235 | -0.0070 | - | +0.0130 | +0.0274 | +0.0418 |
| Level | Major | Minor | Major | - | Intermediate | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2422 | 1.2520 | 1.2634 | 1.2732 | 1.2846 | 1.2944 | 1.3058 |
| Camarilla | 1.2691 | 1.2710 | 1.2730 | 1.2749 | 1.2768 | 1.2788 | 1.2807 |
| Woodie | 1.2431 | 1.2524 | 1.2643 | 1.2736 | 1.2855 | 1.2948 | 1.3067 |
| Fibonacci | 1.2520 | 1.2601 | 1.2651 | 1.2732 | 1.2813 | 1.2863 | 1.2944 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1669 | 1.1881 | 1.2250 | 1.2462 | 1.2831 | 1.3043 | 1.3412 |
| Camarilla | 1.2460 | 1.2514 | 1.2567 | 1.2620 | 1.2673 | 1.2727 | 1.2780 |
| Woodie | 1.1749 | 1.1920 | 1.2330 | 1.2501 | 1.2911 | 1.3082 | 1.3492 |
| Fibonacci | 1.1881 | 1.2103 | 1.2240 | 1.2462 | 1.2684 | 1.2821 | 1.3043 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1290 | 1.1571 | 1.1916 | 1.2197 | 1.2542 | 1.2823 | 1.3168 |
| Camarilla | 1.2089 | 1.2146 | 1.2204 | 1.2261 | 1.2318 | 1.2376 | 1.2433 |
| Woodie | 1.1322 | 1.1587 | 1.1948 | 1.2213 | 1.2574 | 1.2839 | 1.3200 |
| Fibonacci | 1.1571 | 1.1810 | 1.1958 | 1.2197 | 1.2436 | 1.2584 | 1.2823 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.06 | |
| MACD (12,26,9): | -0.0009 | |
| Directional Movement: | -1.2521 | |
| AROON (14): | -21.4285 | |
| DEMA (21): | 1.2714 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2877 | |
| Elder Ray (13): | -0.0024 | |
| Super Trend (3,10): | 1.2653 | |
| Zig ZAG (10): | 1.2698 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 25.06 | |
| TEMA (21): | 1.2696 | |
| Williams %R (14): | -69.26 | |
| Chande Momentum Oscillator (20): | -0.0027 | |
| Repulse (5,40,3): | 0.1578 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0032 | |
| Courbe Coppock: | 0.55 |
| MA7: | 1.2558 | |
| MA20: | 1.2362 | |
| MA50: | 1.2176 | |
| MA100: | 1.2264 | |
| MAexp7: | 1.2706 | |
| MAexp20: | 1.2722 | |
| MAexp50: | 1.2706 | |
| MAexp100: | 1.2637 | |
| Price / MA7: | +1.12% | |
| Price / MA20: | +2.73% | |
| Price / MA50: | +4.30% | |
| Price / MA100: | +3.55% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.18% | |
| Price / MAexp50: | -0.06% | |
| Price / MAexp100: | +0.49% |
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.
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