USD/CHF - 15 min. - Technical analysis published on 12/07/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.8745 CHF
My targets
0.8776 CHF (+0.0004)
0.8793 CHF (+0.0021)
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 0.8745 CHF. The next resistance located at 0.8776 CHF is the next bullish objective 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 0.8793 CHF. After this resistance, buyers could then target 0.8794 CHF. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
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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 price is 0.8772 CHF. The price has increased by +0.29% since the last closing and was between 0.8729 CHF and 0.8780 CHF. This implies that the price is at +0.49% from its lowest and at -0.09% from its highest.0.8729
0.8780
0.8772
Here is a more detailed summary of the historical variations registered by USD/CHF:
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
Technical
A technical analysis in 15 min. of this USD/CHF chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The overall trend is supported 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.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 15 minutes
Support of channel is broken
Type : Bearish
Timeframe : 15 minutes
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 | 0.8685 | 0.8729 | 0.8762 | 0.8772 | 0.8794 | 0.8819 | 0.8835 |
| Change (%) | -0.99% | -0.49% | -0.11% | - | +0.25% | +0.54% | +0.72% |
| Change | -0.0087 | -0.0043 | -0.0010 | - | +0.0022 | +0.0047 | +0.0063 |
| Level | Minor | Intermediate | Major | - | Minor | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8700 | 0.8714 | 0.8731 | 0.8745 | 0.8762 | 0.8776 | 0.8793 |
| Camarilla | 0.8739 | 0.8741 | 0.8744 | 0.8747 | 0.8750 | 0.8753 | 0.8756 |
| Woodie | 0.8701 | 0.8715 | 0.8732 | 0.8746 | 0.8763 | 0.8777 | 0.8794 |
| Fibonacci | 0.8714 | 0.8726 | 0.8734 | 0.8745 | 0.8757 | 0.8765 | 0.8776 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8490 | 0.8584 | 0.8639 | 0.8733 | 0.8788 | 0.8882 | 0.8937 |
| Camarilla | 0.8652 | 0.8666 | 0.8679 | 0.8693 | 0.8707 | 0.8720 | 0.8734 |
| Woodie | 0.8470 | 0.8574 | 0.8619 | 0.8723 | 0.8768 | 0.8872 | 0.8917 |
| Fibonacci | 0.8584 | 0.8641 | 0.8676 | 0.8733 | 0.8790 | 0.8825 | 0.8882 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8156 | 0.8421 | 0.8584 | 0.8849 | 0.9012 | 0.9277 | 0.9440 |
| Camarilla | 0.8630 | 0.8670 | 0.8709 | 0.8748 | 0.8787 | 0.8827 | 0.8866 |
| Woodie | 0.8106 | 0.8396 | 0.8534 | 0.8824 | 0.8962 | 0.9252 | 0.9390 |
| Fibonacci | 0.8421 | 0.8584 | 0.8685 | 0.8849 | 0.9012 | 0.9113 | 0.9277 |
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): | 67.53 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 26.2971 | |
| AROON (14): | 35.7142 | |
| DEMA (21): | 0.8751 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8734 | |
| Elder Ray (13): | 0.0018 | |
| Super Trend (3,10): | 0.8741 | |
| Zig ZAG (10): | 0.8764 | |
| VORTEX (21): | 1.1067 | |
| Stochastique (14,3,5): | 85.26 | |
| TEMA (21): | 0.8756 | |
| Williams %R (14): | -27.45 | |
| Chande Momentum Oscillator (20): | 0.0031 | |
| Repulse (5,40,3): | 0.1191 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0015 | |
| Courbe Coppock: | 0.34 |
| MA7: | 0.8738 | |
| MA20: | 0.8823 | |
| MA50: | 0.8950 | |
| MA100: | 0.8900 | |
| MAexp7: | 0.8756 | |
| MAexp20: | 0.8749 | |
| MAexp50: | 0.8747 | |
| MAexp100: | 0.8747 | |
| Price / MA7: | +0.39% | |
| Price / MA20: | -0.58% | |
| Price / MA50: | -1.99% | |
| Price / MA100: | -1.44% | |
| Price / MAexp7: | +0.18% | |
| Price / MAexp20: | +0.26% | |
| Price / MAexp50: | +0.29% | |
| Price / MAexp100: | +0.29% |
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: 1/12/2023 - USDCHF bullish odds increase after 4-month lows
-
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?
This member declared not having a position on this financial instrument or a related financial instrument.
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