USD/CHF - 1H - Technical analysis published on 02/02/2021 (GMT)
- 227
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 0.8965 CHF
My targets
0.9031 CHF (+0.0049)
0.9139 CHF (+0.0157)
My analysis
The bullish trend is currently very strong on USD/CHF. As long as the price remains above the support at 0.8965 CHF, you could try to benefit from the boom. The first bullish objective is located at 0.9031 CHF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.9139 CHF as an objective. Crossing it would then enable buyers to target 0.9235 CHF. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, 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
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:
Additional analysis
Quotes
The USD/CHF price is 0.8982 CHF. On the day, this instrument gained +0.19% with the lowest point at 0.8947 CHF and the highest point at 0.8996 CHF. The deviation from the price is +0.39% for the low point and -0.16% for the high point.0.8947
0.8996
0.8982
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
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of USD/CHF indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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 | 0.8919 | 0.8942 | 0.8965 | 0.8982 | 0.9031 | 0.9235 | 0.9446 |
| Change (%) | -0.70% | -0.45% | -0.19% | - | +0.55% | +2.82% | +5.17% |
| Change | -0.0063 | -0.0040 | -0.0017 | - | +0.0049 | +0.0253 | +0.0464 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8841 | 0.8870 | 0.8917 | 0.8946 | 0.8993 | 0.9022 | 0.9069 |
| Camarilla | 0.8944 | 0.8951 | 0.8958 | 0.8965 | 0.8972 | 0.8979 | 0.8986 |
| Woodie | 0.8851 | 0.8875 | 0.8927 | 0.8951 | 0.9003 | 0.9027 | 0.9079 |
| Fibonacci | 0.8870 | 0.8899 | 0.8917 | 0.8946 | 0.8975 | 0.8993 | 0.9022 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8793 | 0.8820 | 0.8864 | 0.8891 | 0.8935 | 0.8962 | 0.9006 |
| Camarilla | 0.8888 | 0.8894 | 0.8901 | 0.8907 | 0.8914 | 0.8920 | 0.8927 |
| Woodie | 0.8801 | 0.8824 | 0.8872 | 0.8895 | 0.8943 | 0.8966 | 0.9014 |
| Fibonacci | 0.8820 | 0.8848 | 0.8864 | 0.8891 | 0.8919 | 0.8935 | 0.8962 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8632 | 0.8694 | 0.8801 | 0.8863 | 0.8970 | 0.9032 | 0.9139 |
| Camarilla | 0.8861 | 0.8876 | 0.8892 | 0.8907 | 0.8923 | 0.8938 | 0.8954 |
| Woodie | 0.8654 | 0.8705 | 0.8823 | 0.8874 | 0.8992 | 0.9043 | 0.9161 |
| Fibonacci | 0.8694 | 0.8759 | 0.8799 | 0.8863 | 0.8928 | 0.8968 | 0.9032 |
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): | 60.74 | |
| MACD (12,26,9): | 0.0010 | |
| Directional Movement: | 10.4260 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 0.8985 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8959 | |
| Elder Ray (13): | 0.0011 | |
| Super Trend (3,10): | 0.8949 | |
| Zig ZAG (10): | 0.8983 | |
| VORTEX (21): | 1.0894 | |
| Stochastique (14,3,5): | 85.03 | |
| TEMA (21): | 0.8984 | |
| Williams %R (14): | -26.53 | |
| Chande Momentum Oscillator (20): | 0.0017 | |
| Repulse (5,40,3): | 0.0320 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0150 | |
| Courbe Coppock: | 0.34 |
| MA7: | 0.8912 | |
| MA20: | 0.8884 | |
| MA50: | 0.8904 | |
| MA100: | 0.9020 | |
| MAexp7: | 0.8981 | |
| MAexp20: | 0.8971 | |
| MAexp50: | 0.8951 | |
| MAexp100: | 0.8929 | |
| Price / MA7: | +0.79% | |
| Price / MA20: | +1.10% | |
| Price / MA50: | +0.88% | |
| Price / MA100: | -0.42% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +0.36% | |
| Price / MAexp100: | +0.60% |
Quotes :
2021-02-02 16:31:42
-
Real time data
-
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:
-
USD/CHF Technical Analysis For March 20, 2020 By FX Empire
-
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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis USD/CHF - 1H