USD/CHF - 1H - Technical analysis published on 09/23/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 0.9912 CHF
My targets
0.9891 CHF (-0.19%)
0.9865 CHF (-0.45%)
My analysis
The bearish trend is currently very strong for USD/CHF. As long as the price remains below the resistance at 0.9912 CHF, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.9891 CHF. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.9865 CHF as an objective. Crossing it would then enable sellers to target 0.9854 CHF. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
5.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/CHF rating 0.9910 CHF. The price is lower by -0.01% since the last closing with the lowest point at 0.9892 CHF and the highest point at 0.9923 CHF. The deviation from the price is +0.18% for the low point and -0.13% for the high point.0.9892
0.9923
0.9910
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this USD/CHF chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by 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 does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.9854 | 0.9865 | 0.9891 | 0.9910 | 0.9912 | 0.9941 | 0.9969 |
| Change (%) | -0.57% | -0.45% | -0.19% | - | +0.02% | +0.31% | +0.60% |
| Change | -0.0056 | -0.0045 | -0.0019 | - | +0.0002 | +0.0031 | +0.0059 |
| Level | Intermediate | Minor | Major | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9841 | 0.9865 | 0.9888 | 0.9912 | 0.9935 | 0.9959 | 0.9982 |
| Camarilla | 0.9898 | 0.9902 | 0.9907 | 0.9911 | 0.9915 | 0.9920 | 0.9924 |
| Woodie | 0.9841 | 0.9865 | 0.9888 | 0.9912 | 0.9935 | 0.9959 | 0.9982 |
| Fibonacci | 0.9865 | 0.9883 | 0.9894 | 0.9912 | 0.9930 | 0.9941 | 0.9959 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9737 | 0.9801 | 0.9856 | 0.9920 | 0.9975 | 1.0039 | 1.0094 |
| Camarilla | 0.9878 | 0.9889 | 0.9900 | 0.9911 | 0.9922 | 0.9933 | 0.9944 |
| Woodie | 0.9733 | 0.9799 | 0.9852 | 0.9918 | 0.9971 | 1.0037 | 1.0090 |
| Fibonacci | 0.9801 | 0.9847 | 0.9875 | 0.9920 | 0.9966 | 0.9994 | 1.0039 |
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): | 45.32 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -6.8452 | |
| AROON (14): | -7.1428 | |
| DEMA (21): | 0.9910 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9923 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 0.9935 | |
| Zig ZAG (10): | 0.9911 | |
| VORTEX (21): | 1.0196 | |
| Stochastique (14,3,5): | 67.74 | |
| TEMA (21): | 0.9911 | |
| Williams %R (14): | -41.94 | |
| Chande Momentum Oscillator (20): | -0.0003 | |
| Repulse (5,40,3): | -0.0317 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0032 | |
| Courbe Coppock: | 0.03 |
| MA7: | 0.9926 | |
| MA20: | 0.9894 | |
| MA50: | 0.9846 | |
| MA100: | 0.9903 | |
| MAexp7: | 0.9913 | |
| MAexp20: | 0.9913 | |
| MAexp50: | 0.9918 | |
| MAexp100: | 0.9922 | |
| Price / MA7: | -0.16% | |
| Price / MA20: | +0.16% | |
| Price / MA50: | +0.65% | |
| Price / MA100: | +0.07% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.08% | |
| Price / MAexp100: | -0.12% |
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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