USD/CHF - 1H - Technical analysis published on 08/19/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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 0.9787 CHF
My targets
0.9817 CHF (+0.19%)
0.9858 CHF (+0.61%)
My analysis
The bullish trend is currently very strong on USD/CHF. As long as the price remains above the support at 0.9787 CHF, you could try to benefit from the boom. The first bullish objective is located at 0.9817 CHF. The bullish momentum would be boosted by a break in this resistance. 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. 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.
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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 0.9798 CHF. On the day, this instrument gained +0.13% and was traded between 0.9773 CHF and 0.9805 CHF over the period. The price is currently at +0.26% from its lowest and -0.07% from its highest.0.9773
0.9805
0.9798
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this USD/CHF chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from 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.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
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 | 0.9723 | 0.9754 | 0.9787 | 0.9798 | 0.9817 | 0.9858 | 0.9941 |
| Change (%) | -0.77% | -0.45% | -0.11% | - | +0.19% | +0.61% | +1.46% |
| Change | -0.0075 | -0.0044 | -0.0011 | - | +0.0019 | +0.0060 | +0.0143 |
| Level | Major | Intermediate | Minor | - | Intermediate | Minor | Intermediate |
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 | 0.9716 | 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): | 56.24 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 6.0633 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 0.9794 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9774 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 0.9773 | |
| Zig ZAG (10): | 0.9796 | |
| VORTEX (21): | 1.0043 | |
| Stochastique (14,3,5): | 79.02 | |
| TEMA (21): | 0.9791 | |
| Williams %R (14): | -17.86 | |
| Chande Momentum Oscillator (20): | 0.0002 | |
| Repulse (5,40,3): | 0.1062 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0039 | |
| Courbe Coppock: | 0.08 |
| MA7: | 0.9751 | |
| MA20: | 0.9812 | |
| MA50: | 0.9845 | |
| MA100: | 0.9960 | |
| MAexp7: | 0.9792 | |
| MAexp20: | 0.9790 | |
| MAexp50: | 0.9780 | |
| MAexp100: | 0.9767 | |
| Price / MA7: | +0.48% | |
| Price / MA20: | -0.14% | |
| Price / MA50: | -0.48% | |
| Price / MA100: | -1.63% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.18% | |
| Price / MAexp100: | +0.32% |
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 - One of My Favorite Alternative Dollar Scenario Options
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USD/CHF Price Forecast – Grinding Through Important Triple-Top Formation
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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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