USD/CHF - 1H - Technical analysis published on 10/17/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
67%
11%
My opinion
Bearish under 0.9905 CHF
My targets
0.9862 CHF (-0.40%)
0.9817 CHF (-0.86%)
My analysis
The bearish trend is currently very strong for USD/CHF. As long as the price remains below the resistance at 0.9905 CHF, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.9862 CHF. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.9817 CHF as an objective. Crossing it would then enable sellers to target 0.9691 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.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
7.5
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/CHF rating 0.9902 CHF. The price registered a decrease of -0.42% on the session with the lowest point at 0.9900 CHF and the highest point at 0.9946 CHF. The deviation from the price is +0.02% for the low point and -0.44% for the high point.0.9900
0.9946
0.9902
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 strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 2 are neutral and 12 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
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:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 0.9691 | 0.9817 | 0.9862 | 0.9902 | 0.9905 | 0.9914 | 0.9926 |
Change (%) | -2.13% | -0.86% | -0.40% | - | +0.03% | +0.12% | +0.24% |
Change | -0.0211 | -0.0085 | -0.0040 | - | +0.0003 | +0.0012 | +0.0024 |
Level | Major | Minor | Minor | - | Intermediate | Intermediate | Minor |
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 | 0.9873 | 0.9906 | 0.9925 | 0.9958 | 0.9977 | 1.0010 | 1.0029 |
Camarilla | 0.9930 | 0.9935 | 0.9939 | 0.9944 | 0.9949 | 0.9954 | 0.9958 |
Woodie | 0.9866 | 0.9903 | 0.9918 | 0.9955 | 0.9970 | 1.0007 | 1.0022 |
Fibonacci | 0.9906 | 0.9926 | 0.9938 | 0.9958 | 0.9978 | 0.9990 | 1.0010 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.9835 | 0.9870 | 0.9921 | 0.9956 | 1.0007 | 1.0042 | 1.0093 |
Camarilla | 0.9948 | 0.9956 | 0.9964 | 0.9972 | 0.9980 | 0.9988 | 0.9996 |
Woodie | 0.9843 | 0.9874 | 0.9929 | 0.9960 | 1.0015 | 1.0046 | 1.0101 |
Fibonacci | 0.9870 | 0.9903 | 0.9923 | 0.9956 | 0.9989 | 1.0009 | 1.0042 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 19.27 | |
MACD (12,26,9): | -0.0013 | |
Directional Movement: | -26.4546 | |
AROON (14): | -100.0000 | |
DEMA (21): | 0.9921 | |
Parabolic SAR (0,02-0,02-0,2): | 0.9939 | |
Elder Ray (13): | -0.0023 | |
Super Trend (3,10): | 0.9944 | |
Zig ZAG (10): | 0.9907 | |
VORTEX (21): | 0.7252 | |
Stochastique (14,3,5): | 19.86 | |
TEMA (21): | 0.9916 | |
Williams %R (14): | -86.00 | |
Chande Momentum Oscillator (20): | -0.0038 | |
Repulse (5,40,3): | -0.2178 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0159 | |
Courbe Coppock: | 0.48 |
MA7: | 0.9954 | |
MA20: | 0.9939 | |
MA50: | 0.9882 | |
MA100: | 0.9875 | |
MAexp7: | 0.9923 | |
MAexp20: | 0.9936 | |
MAexp50: | 0.9952 | |
MAexp100: | 0.9959 | |
Price / MA7: | -0.52% | |
Price / MA20: | -0.37% | |
Price / MA50: | +0.20% | |
Price / MA100: | +0.27% | |
Price / MAexp7: | -0.21% | |
Price / MAexp20: | -0.34% | |
Price / MAexp50: | -0.50% | |
Price / MAexp100: | -0.57% |
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
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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