GBP/CHF - 1H - Technical analysis published on 01/27/2020 (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
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 1.2681 CHF
My targets
1.2629 CHF (-0.0031)
1.2589 CHF (-0.0071)
My analysis
In the short term, we can see an acceleration in the bearish trend on GBP/CHF, which is a positive signal for sellers. As long as the price remains above 1.2681 CHF, a sale could be considered. 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 1.2589 CHF as an objective. Crossing it would then enable sellers to target 1.2555 CHF. If the price were to return above 1.2681 CHF, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
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
6.1
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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 rating is 1.2660 CHF. On the day, this instrument gained -0.32% and was traded between 1.2646 CHF and 1.2724 CHF over the period. The price is currently at +0.11% from its lowest and -0.50% from its highest.1.2646
1.2724
1.2660
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of GBP/CHF indicates that the overall trend is bearish. The signals given by moving averages are 75% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
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 | 1.2555 | 1.2589 | 1.2629 | 1.2660 | 1.2681 | 1.2736 | 1.2758 |
| Change (%) | -0.83% | -0.56% | -0.24% | - | +0.17% | +0.60% | +0.77% |
| Change | -0.0105 | -0.0071 | -0.0031 | - | +0.0021 | +0.0076 | +0.0098 |
| Level | Intermediate | Intermediate | Major | - | Minor | Minor | Intermediate |
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 | 1.2556 | 1.2615 | 1.2658 | 1.2717 | 1.2760 | 1.2819 | 1.2862 |
| Camarilla | 1.2672 | 1.2681 | 1.2691 | 1.2700 | 1.2709 | 1.2719 | 1.2728 |
| Woodie | 1.2547 | 1.2611 | 1.2649 | 1.2713 | 1.2751 | 1.2815 | 1.2853 |
| Fibonacci | 1.2615 | 1.2654 | 1.2678 | 1.2717 | 1.2756 | 1.2780 | 1.2819 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2356 | 1.2455 | 1.2578 | 1.2677 | 1.2800 | 1.2899 | 1.3022 |
| Camarilla | 1.2639 | 1.2659 | 1.2680 | 1.2700 | 1.2720 | 1.2741 | 1.2761 |
| Woodie | 1.2367 | 1.2461 | 1.2589 | 1.2683 | 1.2811 | 1.2905 | 1.3033 |
| Fibonacci | 1.2455 | 1.2540 | 1.2593 | 1.2677 | 1.2762 | 1.2815 | 1.2899 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1910 | 1.2286 | 1.2561 | 1.2937 | 1.3212 | 1.3588 | 1.3863 |
| Camarilla | 1.2658 | 1.2718 | 1.2777 | 1.2837 | 1.2897 | 1.2956 | 1.3016 |
| Woodie | 1.1861 | 1.2261 | 1.2512 | 1.2912 | 1.3163 | 1.3563 | 1.3814 |
| Fibonacci | 1.2286 | 1.2534 | 1.2688 | 1.2937 | 1.3185 | 1.3339 | 1.3588 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 35.74 | |
| MACD (12,26,9): | -0.0011 | |
| Directional Movement: | -10.2087 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 1.2664 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2708 | |
| Elder Ray (13): | -0.0020 | |
| Super Trend (3,10): | 1.2704 | |
| Zig ZAG (10): | 1.2656 | |
| VORTEX (21): | 0.8825 | |
| Stochastique (14,3,5): | 14.34 | |
| TEMA (21): | 1.2660 | |
| Williams %R (14): | -84.62 | |
| Chande Momentum Oscillator (20): | -0.0018 | |
| Repulse (5,40,3): | 0.0115 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0094 | |
| Courbe Coppock: | 0.24 |
| MA7: | 1.2660 | |
| MA20: | 1.2690 | |
| MA50: | 1.2798 | |
| MA100: | 1.2667 | |
| MAexp7: | 1.2663 | |
| MAexp20: | 1.2677 | |
| MAexp50: | 1.2689 | |
| MAexp100: | 1.2682 | |
| Price / MA7: | -0% | |
| Price / MA20: | -0.24% | |
| Price / MA50: | -1.08% | |
| Price / MA100: | -0.06% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | -0.23% | |
| Price / MAexp100: | -0.17% |
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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