USD/CHF - Daily - Technical analysis published on 09/01/2019 (GMT)
- Who voted?
- 151
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.9858 CHF
My targets
0.9942 CHF (+0.45%)
1.0025 CHF (+1.29%)
My analysis
The strong short-term increase for USD/CHF reinforces the current slightly bullish trend. As long as the price remains above 0.9858 CHF, you could take advantage of this bullish acceleration. The first bullish objective is located at 0.9942 CHF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.0025 CHF as an objective. Crossing it would then enable buyers to target 1.0109 CHF. A return to 0.9858 CHF would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/CHF rating 0.9897 CHF. On the day, this instrument lost -0.05% and was between 0.9895 CHF and 0.9908 CHF. This implies that the price is at +0.02% from its lowest and at -0.11% from its highest.0.9895
0.9908
0.9897
Here is a more detailed summary of the historical variations registered by USD/CHF:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of USD/CHF indicates that the overall trend is slightly bullish. Only 57.14% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.9723 | 0.9817 | 0.9858 | 0.9897 | 0.9942 | 1.0025 | 1.0109 |
| Change (%) | -1.76% | -0.81% | -0.39% | - | +0.45% | +1.29% | +2.14% |
| Change | -0.0174 | -0.0080 | -0.0039 | - | +0.0045 | +0.0128 | +0.0212 |
| Level | Major | Minor | Intermediate | - | Intermediate | Intermediate | 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 | 0.9740 | 0.9770 | 0.9815 | 0.9845 | 0.9890 | 0.9920 | 0.9965 |
| Camarilla | 0.9839 | 0.9846 | 0.9853 | 0.9860 | 0.9867 | 0.9874 | 0.9881 |
| Woodie | 0.9748 | 0.9774 | 0.9823 | 0.9849 | 0.9898 | 0.9924 | 0.9973 |
| Fibonacci | 0.9770 | 0.9799 | 0.9816 | 0.9845 | 0.9874 | 0.9891 | 0.9920 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9553 | 0.9644 | 0.9695 | 0.9786 | 0.9837 | 0.9928 | 0.9979 |
| Camarilla | 0.9707 | 0.9720 | 0.9733 | 0.9746 | 0.9759 | 0.9772 | 0.9785 |
| Woodie | 0.9533 | 0.9634 | 0.9675 | 0.9776 | 0.9817 | 0.9918 | 0.9959 |
| Fibonacci | 0.9644 | 0.9698 | 0.9732 | 0.9786 | 0.9840 | 0.9874 | 0.9928 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 59.15 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 1.7456 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 0.9810 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9739 | |
| Elder Ray (13): | 0.0070 | |
| Super Trend (3,10): | 0.9923 | |
| Zig ZAG (10): | 0.9902 | |
| VORTEX (21): | 0.9802 | |
| Stochastique (14,3,5): | 85.86 | |
| TEMA (21): | 0.9834 | |
| Williams %R (14): | -6.18 | |
| Chande Momentum Oscillator (20): | 0.0168 | |
| Repulse (5,40,3): | 0.9735 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0204 | |
| Courbe Coppock: | 1.69 |
| MA7: | 0.9823 | |
| MA20: | 0.9780 | |
| MA50: | 0.9826 | |
| MA100: | 0.9944 | |
| MAexp7: | 0.9836 | |
| MAexp20: | 0.9814 | |
| MAexp50: | 0.9843 | |
| MAexp100: | 0.9890 | |
| Price / MA7: | +0.75% | |
| Price / MA20: | +1.20% | |
| Price / MA50: | +0.72% | |
| Price / MA100: | -0.47% | |
| Price / MAexp7: | +0.62% | |
| Price / MAexp20: | +0.85% | |
| Price / MAexp50: | +0.55% | |
| Price / MAexp100: | +0.07% |
News
The latest news and videos published on USD/CHF at the time of the analysis were as follows:
-
USDCHF May Be the Best Dollar-Bullish Option for Trade War Status Quo (Quick Take Video)
-
USDCHF - One of My Favorite Alternative Dollar Scenario Options
-
USD/CHF Price Forecast – Grinding Through Important Triple-Top Formation
-
U.S. stocks set for flat open, USD/CHF looks up
-
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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis USD/CHF - Daily