USD/CHF - Daily - Technical analysis published on 10/06/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 0.9235 CHF
My targets
0.9028 CHF (-0.0121)
0.8742 CHF (-0.0407)
My analysis
The bearish basic trend is very strong on USD/CHF but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.9235 CHF. Crossing the first support at 0.9028 CHF would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.8742 CHF as an objective. Crossing it would then enable sellers to target 0.8543 CHF. Caution, a return to above the resistance located at 0.9235 CHF would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.8
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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 rating is 0.9149 CHF. The price registered a decrease of -0.03% on the session and was traded between 0.9138 CHF and 0.9154 CHF over the period. The price is currently at +0.12% from its lowest and -0.05% from its highest.0.9138
0.9154
0.9149
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
Technical
Technical analysis of USD/CHF in Daily shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 0.7232 | 0.8543 | 0.9028 | 0.9149 | 0.9235 | 0.9451 | 0.9636 |
| Change (%) | -20.95% | -6.62% | -1.32% | - | +0.94% | +3.30% | +5.32% |
| Change | -0.1917 | -0.0606 | -0.0121 | - | +0.0086 | +0.0302 | +0.0487 |
| Level | Minor | Intermediate | Major | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9074 | 0.9109 | 0.9131 | 0.9166 | 0.9188 | 0.9223 | 0.9245 |
| Camarilla | 0.9136 | 0.9142 | 0.9147 | 0.9152 | 0.9157 | 0.9162 | 0.9168 |
| Woodie | 0.9067 | 0.9106 | 0.9124 | 0.9163 | 0.9181 | 0.9220 | 0.9238 |
| Fibonacci | 0.9109 | 0.9131 | 0.9145 | 0.9166 | 0.9188 | 0.9202 | 0.9223 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9011 | 0.9087 | 0.9145 | 0.9221 | 0.9279 | 0.9355 | 0.9413 |
| Camarilla | 0.9167 | 0.9179 | 0.9192 | 0.9204 | 0.9216 | 0.9229 | 0.9241 |
| Woodie | 0.9003 | 0.9083 | 0.9137 | 0.9217 | 0.9271 | 0.9351 | 0.9405 |
| Fibonacci | 0.9087 | 0.9138 | 0.9170 | 0.9221 | 0.9272 | 0.9304 | 0.9355 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8742 | 0.8870 | 0.9040 | 0.9168 | 0.9338 | 0.9466 | 0.9636 |
| Camarilla | 0.9127 | 0.9154 | 0.9182 | 0.9209 | 0.9236 | 0.9264 | 0.9291 |
| Woodie | 0.8762 | 0.8881 | 0.9060 | 0.9179 | 0.9358 | 0.9477 | 0.9656 |
| Fibonacci | 0.8870 | 0.8984 | 0.9055 | 0.9168 | 0.9282 | 0.9353 | 0.9466 |
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): | 47.41 | |
| MACD (12,26,9): | 0.0013 | |
| Directional Movement: | -2.2826 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 0.9190 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9294 | |
| Elder Ray (13): | -0.0036 | |
| Super Trend (3,10): | 0.9096 | |
| Zig ZAG (10): | 0.9150 | |
| VORTEX (21): | 1.0140 | |
| Stochastique (14,3,5): | 44.75 | |
| TEMA (21): | 0.9211 | |
| Williams %R (14): | -68.02 | |
| Chande Momentum Oscillator (20): | 0.0031 | |
| Repulse (5,40,3): | -0.4712 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0310 | |
| Courbe Coppock: | 1.85 |
| MA7: | 0.9191 | |
| MA20: | 0.9164 | |
| MA50: | 0.9131 | |
| MA100: | 0.9307 | |
| MAexp7: | 0.9181 | |
| MAexp20: | 0.9173 | |
| MAexp50: | 0.9190 | |
| MAexp100: | 0.9290 | |
| Price / MA7: | -0.46% | |
| Price / MA20: | -0.16% | |
| Price / MA50: | +0.20% | |
| Price / MA100: | -1.70% | |
| Price / MAexp7: | -0.35% | |
| Price / MAexp20: | -0.26% | |
| Price / MAexp50: | -0.45% | |
| Price / MAexp100: | -1.52% |
Quotes :
2020-10-06 10:10:53
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Real time data
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Forex
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This member declared not having a position on this financial instrument or a related financial instrument.
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