USD/CHF - Daily - Technical analysis published on 12/04/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 0.9440 CHF
My targets
0.9230 CHF (-0.0147)
0.9102 CHF (-0.0275)
My analysis
USD/CHF is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.9440 CHF. The next support located at 0.9230 CHF is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.9102 CHF. Below this support, sellers could then target 0.8946 CHF. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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This analysis was given by oumaru. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/CHF rating is 0.9377 CHF. The price has increased by +0.13% since the last closing and was between 0.9327 CHF and 0.9440 CHF. This implies that the price is at +0.54% from its lowest and at -0.67% from its highest.0.9327
0.9440
0.9377
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this USD/CHF chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish 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 technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
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 | 0.8946 | 0.9102 | 0.9230 | 0.9377 | 0.9440 | 0.9584 | 0.9692 |
Change (%) | -4.60% | -2.93% | -1.57% | - | +0.67% | +2.21% | +3.36% |
Change | -0.0431 | -0.0275 | -0.0147 | - | +0.0063 | +0.0207 | +0.0315 |
Level | Minor | Intermediate | Major | - | Major | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.9210 | 0.9268 | 0.9323 | 0.9381 | 0.9436 | 0.9494 | 0.9549 |
Camarilla | 0.9346 | 0.9356 | 0.9367 | 0.9377 | 0.9387 | 0.9398 | 0.9408 |
Woodie | 0.9208 | 0.9267 | 0.9321 | 0.9380 | 0.9434 | 0.9493 | 0.9547 |
Fibonacci | 0.9268 | 0.9312 | 0.9338 | 0.9381 | 0.9425 | 0.9451 | 0.9494 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.9066 | 0.9196 | 0.9287 | 0.9417 | 0.9508 | 0.9638 | 0.9729 |
Camarilla | 0.9316 | 0.9337 | 0.9357 | 0.9377 | 0.9397 | 0.9418 | 0.9438 |
Woodie | 0.9046 | 0.9186 | 0.9267 | 0.9407 | 0.9488 | 0.9628 | 0.9709 |
Fibonacci | 0.9196 | 0.9281 | 0.9333 | 0.9417 | 0.9502 | 0.9554 | 0.9638 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.8357 | 0.8857 | 0.9148 | 0.9648 | 0.9939 | 1.0439 | 1.0730 |
Camarilla | 0.9222 | 0.9294 | 0.9367 | 0.9439 | 0.9512 | 0.9584 | 0.9657 |
Woodie | 0.8253 | 0.8805 | 0.9044 | 0.9596 | 0.9835 | 1.0387 | 1.0626 |
Fibonacci | 0.8857 | 0.9159 | 0.9346 | 0.9648 | 0.9950 | 1.0137 | 1.0439 |
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): | 35.51 | |
MACD (12,26,9): | -0.0112 | |
Directional Movement: | -15.5450 | |
AROON (14): | -64.2857 | |
DEMA (21): | 0.9404 | |
Parabolic SAR (0,02-0,02-0,2): | 0.9548 | |
Elder Ray (13): | -0.0104 | |
Super Trend (3,10): | 0.9698 | |
Zig ZAG (10): | 0.9377 | |
VORTEX (21): | 0.7086 | |
Stochastique (14,3,5): | 15.64 | |
TEMA (21): | 0.9344 | |
Williams %R (14): | -81.62 | |
Chande Momentum Oscillator (20): | -0.0068 | |
Repulse (5,40,3): | -1.0663 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.1684 | |
Courbe Coppock: | 3.88 |
MA7: | 0.9444 | |
MA20: | 0.9532 | |
MA50: | 0.9783 | |
MA100: | 0.9707 | |
MAexp7: | 0.9436 | |
MAexp20: | 0.9548 | |
MAexp50: | 0.9674 | |
MAexp100: | 0.9690 | |
Price / MA7: | -0.71% | |
Price / MA20: | -1.63% | |
Price / MA50: | -4.15% | |
Price / MA100: | -3.40% | |
Price / MAexp7: | -0.63% | |
Price / MAexp20: | -1.79% | |
Price / MAexp50: | -3.07% | |
Price / MAexp100: | -3.23% |
Quotes :
-
Real time data
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Forex
News
The last news published on USD/CHF at the time of the generation of this analysis was as follows:
- USD/CHF Forecast December 5, 2022
- USD/CHF Forecast November 24, 2022
- USD/CHF Forecast November 18, 2022
- USD/CHF Forecast September 23, 2022
- USD/CHF and USD/JPY Forecast January 3, 2022
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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…
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