USD/CHF - Daily - Technical analysis published on 10/03/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 0.9942 CHF
My targets
1.0025 CHF (+0.17%)
1.0109 CHF (+1.01%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on USD/CHF. This is a positive signal for buyers. As long as the price remains above 0.9942 CHF, a purchase could be considered. The first bullish objective is located at 1.0025 CHF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.0109 CHF as an objective. Crossing it would then enable buyers to target 1.0204 CHF. In the event of a return below 0.9942 CHF, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
6.8
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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 rating is 1.0008 CHF. The price has increased by +0.40% since the last closing with the lowest point at 0.9961 CHF and the highest point at 1.0028 CHF. The deviation from the price is +0.47% for the low point and -0.20% for the high point.0.9961
1.0028
1.0008
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
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of USD/CHF indicates that the overall trend is bullish. 75% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
In fact, 14 technical indicators on 18 studied are currently positioned bullish. 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 2
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
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 | 0.9817 | 0.9891 | 0.9942 | 1.0008 | 1.0025 | 1.0109 | 1.0204 |
| Change (%) | -1.91% | -1.17% | -0.66% | - | +0.17% | +1.01% | +1.96% |
| Change | -0.0191 | -0.0117 | -0.0066 | - | +0.0017 | +0.0101 | +0.0196 |
| Level | Minor | Intermediate | Major | - | Major | Intermediate | 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 | 0.9811 | 0.9866 | 0.9917 | 0.9972 | 1.0023 | 1.0078 | 1.0129 |
| Camarilla | 0.9939 | 0.9949 | 0.9958 | 0.9968 | 0.9978 | 0.9987 | 0.9997 |
| Woodie | 0.9809 | 0.9865 | 0.9915 | 0.9971 | 1.0021 | 1.0077 | 1.0127 |
| Fibonacci | 0.9866 | 0.9907 | 0.9932 | 0.9972 | 1.0013 | 1.0038 | 1.0078 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9747 | 0.9796 | 0.9852 | 0.9901 | 0.9957 | 1.0006 | 1.0062 |
| Camarilla | 0.9880 | 0.9890 | 0.9899 | 0.9909 | 0.9919 | 0.9928 | 0.9938 |
| Woodie | 0.9752 | 0.9798 | 0.9857 | 0.9903 | 0.9962 | 1.0008 | 1.0067 |
| Fibonacci | 0.9796 | 0.9836 | 0.9861 | 0.9901 | 0.9941 | 0.9966 | 1.0006 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9663 | 0.9731 | 0.9853 | 0.9921 | 1.0043 | 1.0111 | 1.0233 |
| Camarilla | 0.9924 | 0.9941 | 0.9959 | 0.9976 | 0.9993 | 1.0011 | 1.0028 |
| Woodie | 0.9691 | 0.9745 | 0.9881 | 0.9935 | 1.0071 | 1.0125 | 1.0261 |
| Fibonacci | 0.9731 | 0.9803 | 0.9848 | 0.9921 | 0.9993 | 1.0038 | 1.0111 |
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): | 60.65 | |
| MACD (12,26,9): | 0.0028 | |
| Directional Movement: | 5.5537 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 0.9957 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9864 | |
| Elder Ray (13): | 0.0058 | |
| Super Trend (3,10): | 0.9790 | |
| Zig ZAG (10): | 1.0003 | |
| VORTEX (21): | 1.1234 | |
| Stochastique (14,3,5): | 67.58 | |
| TEMA (21): | 0.9971 | |
| Williams %R (14): | -13.59 | |
| Chande Momentum Oscillator (20): | 0.0075 | |
| Repulse (5,40,3): | 0.3036 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0374 | |
| Courbe Coppock: | 0.67 |
| MA7: | 0.9947 | |
| MA20: | 0.9926 | |
| MA50: | 0.9859 | |
| MA100: | 0.9888 | |
| MAexp7: | 0.9955 | |
| MAexp20: | 0.9921 | |
| MAexp50: | 0.9892 | |
| MAexp100: | 0.9902 | |
| Price / MA7: | +0.61% | |
| Price / MA20: | +0.83% | |
| Price / MA50: | +1.51% | |
| Price / MA100: | +1.21% | |
| Price / MAexp7: | +0.53% | |
| Price / MAexp20: | +0.88% | |
| Price / MAexp50: | +1.17% | |
| Price / MAexp100: | +1.07% |
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
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USD/CHF Price Forecast – Grinding Through Important Triple-Top Formation
-
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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