GBP/CHF - 1H - Technical analysis published on 03/10/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bearish
Technical indicators
61%
0%
39%
My opinion
Neutral between 1.2128 CHF and 1.2247 CHF
My targets
-
My analysis
The short-term increase on GBP/CHF remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 1.2247 CHF. The first support is located at 1.2128 CHF. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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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 1.2166 CHF. The price is lower by +0.24% since the last closing and was traded between 1.2125 CHF and 1.2234 CHF over the period. The price is currently at +0.34% from its lowest and -0.56% from its highest.1.2125
1.2234
1.2166
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 (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GBP/CHF indicates that the overall trend is slightly bearish. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could turn neutral or reverse given the slightly bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.1934 | 1.2033 | 1.2128 | 1.2166 | 1.2247 | 1.2381 | 1.2462 |
| Change (%) | -1.91% | -1.09% | -0.31% | - | +0.67% | +1.77% | +2.43% |
| Change | -0.0232 | -0.0133 | -0.0038 | - | +0.0081 | +0.0215 | +0.0296 |
| Level | Major | Minor | Major | - | Intermediate | Intermediate | 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 | 1.1834 | 1.1934 | 1.2035 | 1.2135 | 1.2236 | 1.2336 | 1.2437 |
| Camarilla | 1.2082 | 1.2100 | 1.2119 | 1.2137 | 1.2155 | 1.2174 | 1.2192 |
| Woodie | 1.1836 | 1.1934 | 1.2037 | 1.2135 | 1.2238 | 1.2336 | 1.2439 |
| Fibonacci | 1.1934 | 1.2010 | 1.2058 | 1.2135 | 1.2211 | 1.2259 | 1.2336 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1858 | 1.1996 | 1.2121 | 1.2259 | 1.2384 | 1.2522 | 1.2647 |
| Camarilla | 1.2175 | 1.2199 | 1.2223 | 1.2247 | 1.2271 | 1.2295 | 1.2319 |
| Woodie | 1.1853 | 1.1993 | 1.2116 | 1.2256 | 1.2379 | 1.2519 | 1.2642 |
| Fibonacci | 1.1996 | 1.2096 | 1.2158 | 1.2259 | 1.2359 | 1.2421 | 1.2522 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1699 | 1.2014 | 1.2192 | 1.2507 | 1.2685 | 1.3000 | 1.3178 |
| Camarilla | 1.2235 | 1.2281 | 1.2326 | 1.2371 | 1.2416 | 1.2461 | 1.2507 |
| Woodie | 1.1632 | 1.1980 | 1.2125 | 1.2473 | 1.2618 | 1.2966 | 1.3111 |
| Fibonacci | 1.2014 | 1.2202 | 1.2318 | 1.2507 | 1.2695 | 1.2811 | 1.3000 |
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): | 54.39 | |
| MACD (12,26,9): | 0.0007 | |
| Directional Movement: | 1.5173 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 1.2176 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2113 | |
| Elder Ray (13): | 0.0012 | |
| Super Trend (3,10): | 1.2253 | |
| Zig ZAG (10): | 1.2186 | |
| VORTEX (21): | 1.0476 | |
| Stochastique (14,3,5): | 61.92 | |
| TEMA (21): | 1.2190 | |
| Williams %R (14): | -40.35 | |
| Chande Momentum Oscillator (20): | 0.0051 | |
| Repulse (5,40,3): | 0.0986 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0038 | |
| Courbe Coppock: | 0.73 |
| MA7: | 1.2232 | |
| MA20: | 1.2515 | |
| MA50: | 1.2607 | |
| MA100: | 1.2718 | |
| MAexp7: | 1.2182 | |
| MAexp20: | 1.2171 | |
| MAexp50: | 1.2178 | |
| MAexp100: | 1.2212 | |
| Price / MA7: | -0.54% | |
| Price / MA20: | -2.79% | |
| Price / MA50: | -3.50% | |
| Price / MA100: | -4.34% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.10% | |
| Price / MAexp100: | -0.38% |
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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