USD/CHF - 1H - Technical analysis published on 08/18/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
39%
22%
39%
My opinion
Bullish above 0.9787 CHF
My targets
0.9817 CHF (+0.28%)
0.9858 CHF (+0.69%)
My analysis
The basic bullish trend is very strong on USD/CHF but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.9787 CHF. Crossing the first resistance at 0.9817 CHF would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.9858 CHF as an objective. Crossing it would then enable buyers to target 0.9941 CHF. Caution, a return to below 0.9787 CHF would be a sign of a consolidation phase in the short-term basic trend. 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.
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/CHF price is 0.9790 CHF. The price registered an increase of +0.05% on the session with the lowest point at 0.9773 CHF and the highest point at 0.9805 CHF. The deviation from the price is +0.17% for the low point and -0.15% for the high point.0.9773
0.9805
0.9790
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by USD/CHF:
Technical
Technical analysis of this 1H chart of USD/CHF indicates that the overall trend is strongly bullish. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 7 are bullish, 7 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.9723 | 0.9754 | 0.9787 | 0.9790 | 0.9817 | 0.9858 | 0.9941 |
| Change (%) | -0.68% | -0.37% | -0.03% | - | +0.28% | +0.69% | +1.54% |
| Change | -0.0067 | -0.0036 | -0.0003 | - | +0.0027 | +0.0068 | +0.0151 |
| Level | Major | Intermediate | Minor | - | Intermediate | Minor | Intermediate |
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 | 0.9716 | 0.9740 | 0.9762 | 0.9786 | 0.9808 | 0.9832 | 0.9854 |
| Camarilla | 0.9772 | 0.9777 | 0.9781 | 0.9785 | 0.9789 | 0.9793 | 0.9798 |
| Woodie | 0.9716 | 0.9740 | 0.9762 | 0.9786 | 0.9808 | 0.9832 | 0.9854 |
| Fibonacci | 0.9740 | 0.9757 | 0.9768 | 0.9786 | 0.9803 | 0.9814 | 0.9832 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9543 | 0.9601 | 0.9693 | 0.9751 | 0.9843 | 0.9901 | 0.9993 |
| Camarilla | 0.9744 | 0.9758 | 0.9771 | 0.9785 | 0.9799 | 0.9813 | 0.9826 |
| Woodie | 0.9560 | 0.9610 | 0.9710 | 0.9760 | 0.9860 | 0.9910 | 1.0010 |
| Fibonacci | 0.9601 | 0.9658 | 0.9694 | 0.9751 | 0.9808 | 0.9844 | 0.9901 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9655 | 0.9717 | 0.9829 | 0.9891 | 1.0003 | 1.0065 | 1.0177 |
| Camarilla | 0.9894 | 0.9910 | 0.9926 | 0.9942 | 0.9958 | 0.9974 | 0.9990 |
| Woodie | 0.9681 | 0.9730 | 0.9855 | 0.9904 | 1.0029 | 1.0078 | 1.0203 |
| Fibonacci | 0.9717 | 0.9783 | 0.9824 | 0.9891 | 0.9957 | 0.9998 | 1.0065 |
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): | 55.92 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 4.4100 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 0.9794 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9804 | |
| Elder Ray (13): | 0.0002 | |
| Super Trend (3,10): | 0.9773 | |
| Zig ZAG (10): | 0.9791 | |
| VORTEX (21): | 1.0329 | |
| Stochastique (14,3,5): | 42.14 | |
| TEMA (21): | 0.9790 | |
| Williams %R (14): | -48.57 | |
| Chande Momentum Oscillator (20): | -0.0014 | |
| Repulse (5,40,3): | 0.0056 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0097 | |
| Courbe Coppock: | 0.20 |
| MA7: | 0.9750 | |
| MA20: | 0.9812 | |
| MA50: | 0.9845 | |
| MA100: | 0.9960 | |
| MAexp7: | 0.9788 | |
| MAexp20: | 0.9787 | |
| MAexp50: | 0.9774 | |
| MAexp100: | 0.9761 | |
| Price / MA7: | +0.41% | |
| Price / MA20: | -0.22% | |
| Price / MA50: | -0.56% | |
| Price / MA100: | -1.71% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.16% | |
| Price / MAexp100: | +0.30% |
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:
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USDCHF May Be the Best Dollar-Bullish Option for Trade War Status Quo (Quick Take Video)
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USDCHF - One of My Favorite Alternative Dollar Scenario Options
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USD/CHF Price Forecast – Grinding Through Important Triple-Top Formation
-
U.S. stocks set for flat open, USD/CHF looks up
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Chart Perspective – USD/CHF, EUR/GBP/JPY Cross-rates, DAX & More
This member declared not having a position on this financial instrument or a related financial instrument.
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