USD/CHF - 1H - Technical analysis published on 10/08/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 0.9163 CHF
My targets
0.9219 CHF (+0.0036)
0.9235 CHF (+0.0052)
My analysis
USD/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 0.9163 CHF. The next resistance located at 0.9219 CHF is the next bullish target 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 0.9235 CHF. After this resistance, buyers could then target 0.9296 CHF.
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
6.4
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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
USD/CHF rating 0.9183 CHF. On the day, this instrument gained +0.13% with the lowest point at 0.9157 CHF and the highest point at 0.9185 CHF. The deviation from the price is +0.28% for the low point and -0.02% for the high point.0.9157
0.9185
0.9183
A study of price movements over other periods shows the following variations:
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 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 14 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
Williams %R indicator is overbought : over -20
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 these results:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of triangle 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 | 0.9133 | 0.9148 | 0.9163 | 0.9183 | 0.9185 | 0.9219 | 0.9235 |
| Change (%) | -0.54% | -0.38% | -0.22% | - | +0.02% | +0.39% | +0.57% |
| Change | -0.0050 | -0.0035 | -0.0020 | - | +0.0002 | +0.0036 | +0.0052 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9132 | 0.9146 | 0.9158 | 0.9172 | 0.9184 | 0.9198 | 0.9210 |
| Camarilla | 0.9164 | 0.9166 | 0.9169 | 0.9171 | 0.9173 | 0.9176 | 0.9178 |
| Woodie | 0.9132 | 0.9146 | 0.9158 | 0.9172 | 0.9184 | 0.9198 | 0.9210 |
| Fibonacci | 0.9146 | 0.9156 | 0.9162 | 0.9172 | 0.9182 | 0.9188 | 0.9198 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 55.92 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 7.3035 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 0.9175 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9161 | |
| Elder Ray (13): | 0.0007 | |
| Super Trend (3,10): | 0.9153 | |
| Zig ZAG (10): | 0.9176 | |
| VORTEX (21): | 1.0761 | |
| Stochastique (14,3,5): | 82.01 | |
| TEMA (21): | 0.9176 | |
| Williams %R (14): | -28.57 | |
| Chande Momentum Oscillator (20): | 0.0007 | |
| Repulse (5,40,3): | 0.0115 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0015 | |
| Courbe Coppock: | 0.10 |
| MA7: | 0.9183 | |
| MA20: | 0.9172 | |
| MA50: | 0.9134 | |
| MA100: | 0.9297 | |
| MAexp7: | 0.9176 | |
| MAexp20: | 0.9173 | |
| MAexp50: | 0.9171 | |
| MAexp100: | 0.9175 | |
| Price / MA7: | -0% | |
| Price / MA20: | +0.12% | |
| Price / MA50: | +0.54% | |
| Price / MA100: | -1.23% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.13% | |
| Price / MAexp100: | +0.09% |
Quotes :
2020-10-08 12:37:13
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Real time data
-
Forex
News
The last news published on USD/CHF at the time of the generation of this analysis 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
-
USD/CHF Technical Analysis For March 18, 2020 by FX Empire
-
USD/CHF Technical Analysis for March 17, 2020 by FX Empire
-
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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