USD/CHF - 1H - Technical analysis published on 09/20/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bearish
Technical indicators
61%
11%
28%
My opinion
Bearish under 0.9924 CHF
My targets
0.9911 CHF (-0.06%)
0.9891 CHF (-0.26%)
My analysis
There is a bearish trend on USD/CHF both at the basic level and in the short term. A sale could be considered, so long as the price remains below 0.9924 CHF. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 0.9911 CHF. Then the price could move towards 0.9891 CHF. Then 0.9854 CHF by extension. Be careful, a return to above the resistance 0.9924 CHF would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
FORCE
0
10
1.4
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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 0.9917 CHF. The price registered a decrease of -0.12% on the session and was traded between 0.9889 CHF and 0.9930 CHF over the period. The price is currently at +0.28% from its lowest and -0.13% from its highest.0.9889
0.9930
0.9917
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of USD/CHF indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently positioned bullish. 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 : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 0.9854 | 0.9891 | 0.9911 | 0.9917 | 0.9924 | 0.9941 | 0.9969 |
| Change (%) | -0.64% | -0.26% | -0.06% | - | +0.07% | +0.24% | +0.52% |
| Change | -0.0063 | -0.0026 | -0.0006 | - | +0.0007 | +0.0024 | +0.0052 |
| Level | Minor | Major | Intermediate | - | Minor | Major | Minor |
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 | 0.9807 | 0.9854 | 0.9891 | 0.9938 | 0.9975 | 1.0022 | 1.0059 |
| Camarilla | 0.9906 | 0.9914 | 0.9921 | 0.9929 | 0.9937 | 0.9944 | 0.9952 |
| Woodie | 0.9803 | 0.9852 | 0.9887 | 0.9936 | 0.9971 | 1.0020 | 1.0055 |
| Fibonacci | 0.9854 | 0.9886 | 0.9906 | 0.9938 | 0.9970 | 0.9990 | 1.0022 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9761 | 0.9808 | 0.9854 | 0.9901 | 0.9947 | 0.9994 | 1.0040 |
| Camarilla | 0.9875 | 0.9884 | 0.9893 | 0.9901 | 0.9910 | 0.9918 | 0.9927 |
| Woodie | 0.9762 | 0.9808 | 0.9855 | 0.9901 | 0.9948 | 0.9994 | 1.0041 |
| Fibonacci | 0.9808 | 0.9843 | 0.9865 | 0.9901 | 0.9936 | 0.9958 | 0.9994 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9398 | 0.9529 | 0.9715 | 0.9846 | 1.0032 | 1.0163 | 1.0349 |
| Camarilla | 0.9815 | 0.9844 | 0.9873 | 0.9902 | 0.9931 | 0.9960 | 0.9989 |
| Woodie | 0.9427 | 0.9543 | 0.9744 | 0.9860 | 1.0061 | 1.0177 | 1.0378 |
| Fibonacci | 0.9529 | 0.9650 | 0.9725 | 0.9846 | 0.9967 | 1.0042 | 1.0163 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.49 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | -11.2850 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 0.9912 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9891 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 0.9939 | |
| Zig ZAG (10): | 0.9919 | |
| VORTEX (21): | 0.9535 | |
| Stochastique (14,3,5): | 66.85 | |
| TEMA (21): | 0.9911 | |
| Williams %R (14): | -29.27 | |
| Chande Momentum Oscillator (20): | -0.0001 | |
| Repulse (5,40,3): | 0.0108 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0097 | |
| Courbe Coppock: | 0.19 |
| MA7: | 0.9926 | |
| MA20: | 0.9888 | |
| MA50: | 0.9845 | |
| MA100: | 0.9906 | |
| MAexp7: | 0.9915 | |
| MAexp20: | 0.9919 | |
| MAexp50: | 0.9927 | |
| MAexp100: | 0.9927 | |
| Price / MA7: | -0.09% | |
| Price / MA20: | +0.29% | |
| Price / MA50: | +0.73% | |
| Price / MA100: | +0.11% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.10% | |
| Price / MAexp100: | -0.10% |
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:
-
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.
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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…
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