GBP/CHF - Daily - Technical analysis published on 12/22/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bullish
Technical indicators
11%
44%
44%
My opinion
Bearish under 1.2973 CHF
My targets
1.2629 CHF (-0.0150)
1.2381 CHF (-0.0398)
My analysis
The strong short-term decline in GBP/CHF calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 1.2973 CHF, one could consider taking advantage of the short-term movement. The first bearish objective is located at 1.2629 CHF. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.2381 CHF as an objective. Crossing it would then enable sellers to target 1.2128 CHF. Be careful, a return to above 1.2973 CHF could jeopardize the reversal.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
FORCE
0
10
1.4
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/CHF price is 1.2779 CHF. The price registered an increase of +0.34% on the session with the lowest point at 1.2725 CHF and the highest point at 1.2833 CHF. The deviation from the price is +0.42% for the low point and -0.42% for the high point.1.2725
1.2833
1.2779
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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 Daily chart of GBP/CHF indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.2128 | 1.2381 | 1.2629 | 1.2779 | 1.2796 | 1.2973 | 1.3157 |
| Change (%) | -5.09% | -3.11% | -1.17% | - | +0.13% | +1.52% | +2.96% |
| Change | -0.0651 | -0.0398 | -0.0150 | - | +0.0017 | +0.0194 | +0.0378 |
| Level | Intermediate | Major | Minor | - | Major | Intermediate | Major |
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 | 1.2513 | 1.2612 | 1.2674 | 1.2773 | 1.2835 | 1.2934 | 1.2996 |
| Camarilla | 1.2692 | 1.2707 | 1.2721 | 1.2736 | 1.2751 | 1.2766 | 1.2780 |
| Woodie | 1.2495 | 1.2603 | 1.2656 | 1.2764 | 1.2817 | 1.2925 | 1.2978 |
| Fibonacci | 1.2612 | 1.2674 | 1.2712 | 1.2773 | 1.2835 | 1.2873 | 1.2934 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2462 | 1.2670 | 1.2896 | 1.3104 | 1.3330 | 1.3538 | 1.3764 |
| Camarilla | 1.3003 | 1.3042 | 1.3082 | 1.3122 | 1.3162 | 1.3202 | 1.3241 |
| Woodie | 1.2471 | 1.2675 | 1.2905 | 1.3109 | 1.3339 | 1.3543 | 1.3773 |
| Fibonacci | 1.2670 | 1.2836 | 1.2938 | 1.3104 | 1.3270 | 1.3372 | 1.3538 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2489 | 1.2581 | 1.2759 | 1.2851 | 1.3029 | 1.3121 | 1.3299 |
| Camarilla | 1.2862 | 1.2887 | 1.2911 | 1.2936 | 1.2961 | 1.2986 | 1.3010 |
| Woodie | 1.2531 | 1.2603 | 1.2801 | 1.2873 | 1.3071 | 1.3143 | 1.3341 |
| Fibonacci | 1.2581 | 1.2685 | 1.2748 | 1.2851 | 1.2955 | 1.3018 | 1.3121 |
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): | 44.69 | |
| MACD (12,26,9): | 0.0021 | |
| Directional Movement: | -1.9282 | |
| AROON (14): | -35.7142 | |
| DEMA (21): | 1.2946 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3213 | |
| Elder Ray (13): | -0.0126 | |
| Super Trend (3,10): | 1.3189 | |
| Zig ZAG (10): | 1.2779 | |
| VORTEX (21): | 0.9743 | |
| Stochastique (14,3,5): | 6.47 | |
| TEMA (21): | 1.2895 | |
| Williams %R (14): | -88.69 | |
| Chande Momentum Oscillator (20): | -0.0177 | |
| Repulse (5,40,3): | -1.3307 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0663 | |
| Courbe Coppock: | 0.33 |
| MA7: | 1.2949 | |
| MA20: | 1.2929 | |
| MA50: | 1.2828 | |
| MA100: | 1.2468 | |
| MAexp7: | 1.2872 | |
| MAexp20: | 1.2899 | |
| MAexp50: | 1.2784 | |
| MAexp100: | 1.2656 | |
| Price / MA7: | -1.31% | |
| Price / MA20: | -1.16% | |
| Price / MA50: | -0.38% | |
| Price / MA100: | +2.49% | |
| Price / MAexp7: | -0.72% | |
| Price / MAexp20: | -0.93% | |
| Price / MAexp50: | -0.04% | |
| Price / MAexp100: | +0.97% |
News
The last news published on GBP/CHF at the time of the generation of this analysis 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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