GBP/CHF - 1H - Technical analysis published on 03/24/2020 (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 bullish
De fond:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 1.1443 CHF
My targets
1.1699 CHF (+0.0149)
1.1833 CHF (+0.0283)
My analysis
GBP/CHF is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.1443 CHF. The next resistance located at 1.1699 CHF is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.1833 CHF. After this resistance, buyers could then target 1.1934 CHF. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
7.3
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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 1.1550 CHF. The price registered a decrease of +1.43% on the session and was traded between 1.1346 CHF and 1.1582 CHF over the period. The price is currently at +1.80% from its lowest and -0.28% from its highest.1.1346
1.1582
1.1550
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (5 years)
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
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of GBP/CHF in 1H shows a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
In fact, 13 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
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
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.1246 | 1.1395 | 1.1545 | 1.1550 | 1.1699 | 1.1833 | 1.1934 |
| Change (%) | -2.63% | -1.34% | -0.04% | - | +1.29% | +2.45% | +3.32% |
| Change | -0.0304 | -0.0155 | -0.0005 | - | +0.0149 | +0.0283 | +0.0384 |
| Level | Intermediate | Minor | Intermediate | - | Major | Minor | Minor |
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 | 1.0973 | 1.1110 | 1.1248 | 1.1385 | 1.1523 | 1.1660 | 1.1798 |
| Camarilla | 1.1311 | 1.1337 | 1.1362 | 1.1387 | 1.1412 | 1.1437 | 1.1463 |
| Woodie | 1.0975 | 1.1110 | 1.1250 | 1.1385 | 1.1525 | 1.1660 | 1.1800 |
| Fibonacci | 1.1110 | 1.1215 | 1.1280 | 1.1385 | 1.1490 | 1.1555 | 1.1660 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0452 | 1.0783 | 1.1112 | 1.1443 | 1.1772 | 1.2103 | 1.2432 |
| Camarilla | 1.1259 | 1.1319 | 1.1380 | 1.1440 | 1.1501 | 1.1561 | 1.1622 |
| Woodie | 1.0450 | 1.0783 | 1.1110 | 1.1443 | 1.1770 | 1.2103 | 1.2430 |
| Fibonacci | 1.0783 | 1.1036 | 1.1191 | 1.1443 | 1.1696 | 1.1851 | 1.2103 |
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): | 65.23 | |
| MACD (12,26,9): | 0.0036 | |
| Directional Movement: | 14.0286 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 1.1496 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1480 | |
| Elder Ray (13): | 0.0068 | |
| Super Trend (3,10): | 1.1383 | |
| Zig ZAG (10): | 1.1547 | |
| VORTEX (21): | 1.2365 | |
| Stochastique (14,3,5): | 85.08 | |
| TEMA (21): | 1.1533 | |
| Williams %R (14): | -17.35 | |
| Chande Momentum Oscillator (20): | 0.0159 | |
| Repulse (5,40,3): | 0.2573 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0210 | |
| Courbe Coppock: | 2.22 |
| MA7: | 1.1460 | |
| MA20: | 1.1941 | |
| MA50: | 1.2378 | |
| MA100: | 1.2598 | |
| MAexp7: | 1.1512 | |
| MAexp20: | 1.1458 | |
| MAexp50: | 1.1436 | |
| MAexp100: | 1.1457 | |
| Price / MA7: | +0.79% | |
| Price / MA20: | -3.27% | |
| Price / MA50: | -6.69% | |
| Price / MA100: | -8.32% | |
| Price / MAexp7: | +0.32% | |
| Price / MAexp20: | +0.79% | |
| Price / MAexp50: | +0.99% | |
| Price / MAexp100: | +0.80% |
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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