USD/CHF - 1H - Technical analysis published on 11/15/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
50%
22%
28%
My opinion
Bearish under 0.8946 CHF
My targets
0.8835 CHF (-0.0046)
0.8762 CHF (-0.0119)
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 0.8946 CHF. The next support located at 0.8835 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 0.8762 CHF. Below this support, sellers could then target 0.8578 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.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.2
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This analysis was given by Elly87653. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/CHF rating is 0.8881 CHF. On the day, this instrument lost -0.11% and was between 0.8855 CHF and 0.8903 CHF. This implies that the price is at +0.29% from its lowest and at -0.25% from its highest.0.8855
0.8903
0.8881
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 (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
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 bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 9 are bullish, 5 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
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 | 0.8762 | 0.8835 | 0.8879 | 0.8881 | 0.8946 | 0.8991 | 0.9027 |
| Change (%) | -1.34% | -0.52% | -0.02% | - | +0.73% | +1.24% | +1.64% |
| Change | -0.0119 | -0.0046 | -0.0002 | - | +0.0065 | +0.0110 | +0.0146 |
| Level | Major | Intermediate | Intermediate | - | Major | Minor | Major |
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 | 0.8690 | 0.8784 | 0.8838 | 0.8932 | 0.8986 | 0.9080 | 0.9134 |
| Camarilla | 0.8850 | 0.8864 | 0.8877 | 0.8891 | 0.8905 | 0.8918 | 0.8932 |
| Woodie | 0.8669 | 0.8774 | 0.8817 | 0.8922 | 0.8965 | 0.9070 | 0.9113 |
| Fibonacci | 0.8784 | 0.8841 | 0.8876 | 0.8932 | 0.8989 | 0.9024 | 0.9080 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8877 | 0.8915 | 0.8969 | 0.9007 | 0.9061 | 0.9099 | 0.9153 |
| Camarilla | 0.8997 | 0.9005 | 0.9014 | 0.9022 | 0.9030 | 0.9039 | 0.9047 |
| Woodie | 0.8884 | 0.8919 | 0.8976 | 0.9011 | 0.9068 | 0.9103 | 0.9160 |
| Fibonacci | 0.8915 | 0.8951 | 0.8972 | 0.9007 | 0.9043 | 0.9064 | 0.9099 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8555 | 0.8721 | 0.8911 | 0.9077 | 0.9267 | 0.9433 | 0.9623 |
| Camarilla | 0.9002 | 0.9035 | 0.9067 | 0.9100 | 0.9133 | 0.9165 | 0.9198 |
| Woodie | 0.8566 | 0.8727 | 0.8922 | 0.9083 | 0.9278 | 0.9439 | 0.9634 |
| Fibonacci | 0.8721 | 0.8857 | 0.8941 | 0.9077 | 0.9213 | 0.9297 | 0.9433 |
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): | 40.97 | |
| MACD (12,26,9): | -0.0017 | |
| Directional Movement: | -17.2358 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 0.8862 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8891 | |
| Elder Ray (13): | -0.0003 | |
| Super Trend (3,10): | 0.8908 | |
| Zig ZAG (10): | 0.8881 | |
| VORTEX (21): | 0.9586 | |
| Stochastique (14,3,5): | 52.99 | |
| TEMA (21): | 0.8868 | |
| Williams %R (14): | -35.90 | |
| Chande Momentum Oscillator (20): | -0.0008 | |
| Repulse (5,40,3): | 0.0592 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0355 | |
| Courbe Coppock: | 0.29 |
| MA7: | 0.8975 | |
| MA20: | 0.8985 | |
| MA50: | 0.9022 | |
| MA100: | 0.8900 | |
| MAexp7: | 0.8876 | |
| MAexp20: | 0.8888 | |
| MAexp50: | 0.8927 | |
| MAexp100: | 0.8960 | |
| Price / MA7: | -1.05% | |
| Price / MA20: | -1.16% | |
| Price / MA50: | -1.56% | |
| Price / MA100: | -0.21% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.52% | |
| Price / MAexp100: | -0.88% |
Quotes :
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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:
-
Technical Analysis: 07/09/2023 - USDCHF opens the door to more upside
-
Technical Analysis: 30/08/2023 - Has the USDCHF bull wave peaked?
-
Technical Analysis: 14/07/2023 - USDCHF freefall hits channel’s bottom line
-
Technical Analysis: 18/05/2023 - Is the downtrend over for USDCHF?
-
USD/CHF Forecast March 29, 2023
This member declared not having a position on this financial instrument or a related financial instrument.
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