USD/CHF - 1H - Technical analysis published on 07/06/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 0.9426 CHF
My targets
0.9361 CHF (-0.0036)
0.9284 CHF (-0.0113)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on USD/CHF as long as the price remains well below 0.9426 CHF. The sellers” bearish objective is set at 0.9361 CHF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.9284 CHF. In case of crossing, the next objective would be the support located at 0.9223 CHF. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
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 USD/CHF price is 0.9397 CHF. On the day, this instrument lost -0.52% with the lowest point at 0.9384 CHF and the highest point at 0.9455 CHF. The deviation from the price is +0.14% for the low point and -0.61% for the high point.0.9384
0.9455
0.9397
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
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 LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this USD/CHF chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed 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.
On the 18 technical indicators analysed, 4 are bullish, 3 are neutral and 11 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
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 : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
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:
Horizontal support 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 | 0.8543 | 0.9223 | 0.9284 | 0.9397 | 0.9426 | 0.9441 | 0.9452 |
| Change (%) | -9.09% | -1.85% | -1.20% | - | +0.31% | +0.47% | +0.59% |
| Change | -0.0854 | -0.0174 | -0.0113 | - | +0.0029 | +0.0044 | +0.0055 |
| Level | Intermediate | Major | Minor | - | Minor | Major | 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 | 0.9406 | 0.9423 | 0.9435 | 0.9452 | 0.9464 | 0.9481 | 0.9493 |
| Camarilla | 0.9438 | 0.9441 | 0.9443 | 0.9446 | 0.9449 | 0.9451 | 0.9454 |
| Woodie | 0.9403 | 0.9422 | 0.9432 | 0.9451 | 0.9461 | 0.9480 | 0.9490 |
| Fibonacci | 0.9423 | 0.9434 | 0.9441 | 0.9452 | 0.9463 | 0.9470 | 0.9481 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9297 | 0.9361 | 0.9404 | 0.9468 | 0.9511 | 0.9575 | 0.9618 |
| Camarilla | 0.9417 | 0.9426 | 0.9436 | 0.9446 | 0.9456 | 0.9466 | 0.9475 |
| Woodie | 0.9286 | 0.9356 | 0.9393 | 0.9463 | 0.9500 | 0.9570 | 0.9607 |
| Fibonacci | 0.9361 | 0.9402 | 0.9428 | 0.9468 | 0.9509 | 0.9535 | 0.9575 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9073 | 0.9224 | 0.9348 | 0.9499 | 0.9623 | 0.9774 | 0.9898 |
| Camarilla | 0.9395 | 0.9421 | 0.9446 | 0.9471 | 0.9496 | 0.9521 | 0.9547 |
| Woodie | 0.9059 | 0.9217 | 0.9334 | 0.9492 | 0.9609 | 0.9767 | 0.9884 |
| Fibonacci | 0.9224 | 0.9329 | 0.9394 | 0.9499 | 0.9604 | 0.9669 | 0.9774 |
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): | 23.58 | |
| MACD (12,26,9): | -0.0014 | |
| Directional Movement: | -38.3004 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 0.9408 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9421 | |
| Elder Ray (13): | -0.0028 | |
| Super Trend (3,10): | 0.9421 | |
| Zig ZAG (10): | 0.9394 | |
| VORTEX (21): | 0.6842 | |
| Stochastique (14,3,5): | 11.50 | |
| TEMA (21): | 0.9395 | |
| Williams %R (14): | -86.89 | |
| Chande Momentum Oscillator (20): | -0.0044 | |
| Repulse (5,40,3): | -0.1405 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0163 | |
| Courbe Coppock: | 0.87 |
| MA7: | 0.9460 | |
| MA20: | 0.9477 | |
| MA50: | 0.9598 | |
| MA100: | 0.9629 | |
| MAexp7: | 0.9405 | |
| MAexp20: | 0.9425 | |
| MAexp50: | 0.9441 | |
| MAexp100: | 0.9453 | |
| Price / MA7: | -0.67% | |
| Price / MA20: | -0.84% | |
| Price / MA50: | -2.09% | |
| Price / MA100: | -2.41% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.30% | |
| Price / MAexp50: | -0.47% | |
| Price / MAexp100: | -0.59% |
Quotes :
2020-07-06 14:11:14
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Real time data
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Forex
News
Don"t forget to follow the news on USD/CHF. At the time of publication of this analysis, the latest news was as follows:
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USD/CHF Technical Analysis For March 20, 2020 By FX Empire
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USD/CHF Technical Analysis For March 19, 2020 by FX Empire
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USD/CHF Technical Analysis For March 18, 2020 by FX Empire
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USD/CHF Technical Analysis for March 17, 2020 by FX Empire
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USD/CHF Technical Analysis for March 16, 2020 by FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
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