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
78%
0%
22%
My opinion
Bullish above 0.9787 CHF
My targets
0.9817 CHF (+0.07%)
0.9858 CHF (+0.49%)
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 0.9810 CHF. The price registered an increase of +0.26% on the session with the lowest point at 0.9773 CHF and the highest point at 0.9821 CHF. The deviation from the price is +0.38% for the low point and -0.11% for the high point.0.9773
0.9821
0.9810
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by USD/CHF:
Technical
Technical analysis of USD/CHF in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by 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.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
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
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
White hanging man / hammer
Type : Neutral
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 | 0.9810 | 0.9817 | 0.9858 | 0.9941 |
| Change (%) | -0.89% | -0.57% | -0.23% | - | +0.07% | +0.49% | +1.34% |
| Change | -0.0087 | -0.0056 | -0.0023 | - | +0.0007 | +0.0048 | +0.0131 |
| 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): | 61.66 | |
| MACD (12,26,9): | 0.0006 | |
| Directional Movement: | 10.5629 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 0.9807 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9792 | |
| Elder Ray (13): | 0.0006 | |
| Super Trend (3,10): | 0.9778 | |
| Zig ZAG (10): | 0.9812 | |
| VORTEX (21): | 1.1483 | |
| Stochastique (14,3,5): | 70.83 | |
| TEMA (21): | 0.9808 | |
| Williams %R (14): | -18.75 | |
| Chande Momentum Oscillator (20): | 0.0025 | |
| Repulse (5,40,3): | 0.1364 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0070 | |
| Courbe Coppock: | 0.33 |
| MA7: | 0.9753 | |
| MA20: | 0.9813 | |
| MA50: | 0.9845 | |
| MA100: | 0.9960 | |
| MAexp7: | 0.9806 | |
| MAexp20: | 0.9800 | |
| MAexp50: | 0.9788 | |
| MAexp100: | 0.9772 | |
| Price / MA7: | +0.58% | |
| Price / MA20: | -0.03% | |
| Price / MA50: | -0.36% | |
| Price / MA100: | -1.51% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.22% | |
| Price / MAexp100: | +0.39% |
News
The latest news and videos published on USD/CHF at the time of the analysis were 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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This member declared not having a position on this financial instrument or a related financial instrument.
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