USD/CHF
USD CHF
- CHF (-)
- Real time data - Forex
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Type: Forex
Ticker: USDCHF
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USD/CHF - 1H - Technical analysis published on 07/09/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Neutral
De fond: Bearish
Technical indicators
67%
6%
28%
My opinion
Bearish under 0.9408 CHF
My targets
0.9370 CHF (-0.0016)
0.9284 CHF (-0.0102)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.9408 CHF remains possible. It is advisable to trade USD/CHF with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.9408 CHF. The next bearish objective for sellers is set at 0.9370 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. PS: if there is a bullish break in the resistance located at 0.9408 CHF we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0.5

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The USD/CHF price is 0.9386 CHF. The price registered an increase of +0.02% on the session and was between 0.9362 CHF and 0.9388 CHF. This implies that the price is at +0.26% from its lowest and at -0.02% from its highest.

0.9362
0.9388
0.9386

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by USD/CHF:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of USD/CHF indicates that the overall trend is bearish. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour


Support of channel 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


S3S2S1PriceR1R2R3
ProTrendLines 0.9223 0.9284 0.9370 0.9386 0.9408 0.9441 0.9494
Change (%) -1.74% -1.09% -0.17% - +0.23% +0.59% +1.15%
Change -0.0163 -0.0102 -0.0016 - +0.0022 +0.0055 +0.0108
Level Major Intermediate Intermediate - Minor Major 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
Standard0.92980.93340.93590.93950.94200.94560.9481
Camarilla0.93670.93730.93780.93840.93900.93950.9401
Woodie0.92930.93310.93540.93920.94150.94530.9476
Fibonacci0.93340.93570.93720.93950.94180.94330.9456


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.92970.93610.94040.94680.95110.95750.9618
Camarilla0.94170.94260.94360.94460.94560.94660.9475
Woodie0.92860.93560.93930.94630.95000.95700.9607
Fibonacci0.93610.94020.94280.94680.95090.95350.9575


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.90730.92240.93480.94990.96230.97740.9898
Camarilla0.93950.94210.94460.94710.94960.95210.9547
Woodie0.90590.92170.93340.94920.96090.97670.9884
Fibonacci0.92240.93290.93940.94990.96040.96690.9774

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): 49.90
MACD (12,26,9): -0.0008
Directional Movement: -3.5052
AROON (14): -71.4286
DEMA (21): 0.9371
Parabolic SAR (0,02-0,02-0,2): 0.9362
Elder Ray (13): 0.0006
Super Trend (3,10): 0.9393
Zig ZAG (10): 0.9385
VORTEX (21): 0.8705
Stochastique (14,3,5): 67.86
TEMA (21): 0.9371
Williams %R (14): -17.86
Chande Momentum Oscillator (20): 0.0002
Repulse (5,40,3): 0.1215
ROCnROLL: -1
TRIX (15,9): -0.0164
Courbe Coppock: 0.17
MA7: 0.9424
MA20: 0.9469
MA50: 0.9579
MA100: 0.9617
MAexp7: 0.9375
MAexp20: 0.9383
MAexp50: 0.9398
MAexp100: 0.9415
Price / MA7: -0.40%
Price / MA20: -0.88%
Price / MA50: -2.01%
Price / MA100: -2.40%
Price / MAexp7: +0.12%
Price / MAexp20: +0.03%
Price / MAexp50: -0.13%
Price / MAexp100: -0.31%

Quotes : 2020-07-09 09:16:27 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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