USD/CHF - 1H - Technical analysis published on 09/17/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 0.9110 CHF
My targets
0.9156 CHF (+0.0025)
0.9201 CHF (+0.0070)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on USD/CHF as long as the price remains well above 0.9110 CHF. The buyers” bullish objective is set at 0.9156 CHF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.9201 CHF. If there is any crossing, the next objective would be the resistance located at 0.9235 CHF. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.2
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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 0.9131 CHF. On the day, this instrument gained +0.28% and was between 0.9104 CHF and 0.9140 CHF. This implies that the price is at +0.30% from its lowest and at -0.10% from its highest.0.9104
0.9140
0.9131
Here is a more detailed summary of the historical variations registered by USD/CHF:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this USD/CHF chart shows a strongly bullish trend. 85.71% 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 does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
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
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 which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.9094 | 0.9110 | 0.9131 | 0.9131 | 0.9156 | 0.9201 | 0.9235 |
| Change (%) | -0.41% | -0.23% | 0% | - | +0.27% | +0.77% | +1.14% |
| Change | -0.0037 | -0.0021 | 0 | - | +0.0025 | +0.0070 | +0.0104 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Major | Major |
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 | 0.9014 | 0.9035 | 0.9070 | 0.9091 | 0.9126 | 0.9147 | 0.9182 |
| Camarilla | 0.9091 | 0.9096 | 0.9101 | 0.9106 | 0.9111 | 0.9116 | 0.9121 |
| Woodie | 0.9022 | 0.9039 | 0.9078 | 0.9095 | 0.9134 | 0.9151 | 0.9190 |
| Fibonacci | 0.9035 | 0.9056 | 0.9069 | 0.9091 | 0.9112 | 0.9125 | 0.9147 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8873 | 0.8961 | 0.9025 | 0.9113 | 0.9177 | 0.9265 | 0.9329 |
| Camarilla | 0.9047 | 0.9061 | 0.9075 | 0.9089 | 0.9103 | 0.9117 | 0.9131 |
| Woodie | 0.8861 | 0.8955 | 0.9013 | 0.9107 | 0.9165 | 0.9259 | 0.9317 |
| Fibonacci | 0.8961 | 0.9019 | 0.9055 | 0.9113 | 0.9171 | 0.9207 | 0.9265 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8704 | 0.8852 | 0.8946 | 0.9094 | 0.9188 | 0.9336 | 0.9430 |
| Camarilla | 0.8975 | 0.8997 | 0.9019 | 0.9041 | 0.9063 | 0.9085 | 0.9108 |
| Woodie | 0.8678 | 0.8839 | 0.8920 | 0.9081 | 0.9162 | 0.9323 | 0.9404 |
| Fibonacci | 0.8852 | 0.8944 | 0.9001 | 0.9094 | 0.9186 | 0.9243 | 0.9336 |
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): | 67.99 | |
| MACD (12,26,9): | 0.0013 | |
| Directional Movement: | 18.1202 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 0.9123 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9097 | |
| Elder Ray (13): | 0.0012 | |
| Super Trend (3,10): | 0.9090 | |
| Zig ZAG (10): | 0.9132 | |
| VORTEX (21): | 1.2143 | |
| Stochastique (14,3,5): | 84.65 | |
| TEMA (21): | 0.9133 | |
| Williams %R (14): | -10.53 | |
| Chande Momentum Oscillator (20): | 0.0027 | |
| Repulse (5,40,3): | 0.0834 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0167 | |
| Courbe Coppock: | 0.96 |
| MA7: | 0.9103 | |
| MA20: | 0.9104 | |
| MA50: | 0.9167 | |
| MA100: | 0.9373 | |
| MAexp7: | 0.9124 | |
| MAexp20: | 0.9107 | |
| MAexp50: | 0.9093 | |
| MAexp100: | 0.9093 | |
| Price / MA7: | +0.31% | |
| Price / MA20: | +0.30% | |
| Price / MA50: | -0.39% | |
| Price / MA100: | -2.58% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.26% | |
| Price / MAexp50: | +0.42% | |
| Price / MAexp100: | +0.42% |
Quotes :
2020-09-17 06:35:42
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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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