USD/CHF - 1H - Technical analysis published on 10/18/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 0.9914 CHF
My targets
0.9862 CHF (-0.17%)
0.9817 CHF (-0.63%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on USD/CHF. As long as you are under the resistance located at 0.9914 CHF, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.9862 CHF would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. 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. If the resistance 0.9914 CHF were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be 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
2
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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 0.9879 CHF. The price registered an increase of +0.03% on the session and was between 0.9865 CHF and 0.9892 CHF. This implies that the price is at +0.14% from its lowest and at -0.13% from its highest.0.9865
0.9892
0.9879
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
Technical analysis of USD/CHF in 1H shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, 10 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 : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
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, 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 | 0.9691 | 0.9817 | 0.9862 | 0.9879 | 0.9914 | 0.9942 | 0.9963 |
| Change (%) | -1.90% | -0.63% | -0.17% | - | +0.35% | +0.64% | +0.85% |
| Change | -0.0188 | -0.0062 | -0.0017 | - | +0.0035 | +0.0063 | +0.0084 |
| Level | Major | Minor | Intermediate | - | Minor | Major | 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 | 0.9766 | 0.9816 | 0.9846 | 0.9896 | 0.9926 | 0.9976 | 1.0006 |
| Camarilla | 0.9854 | 0.9861 | 0.9869 | 0.9876 | 0.9883 | 0.9891 | 0.9898 |
| Woodie | 0.9756 | 0.9811 | 0.9836 | 0.9891 | 0.9916 | 0.9971 | 0.9996 |
| Fibonacci | 0.9816 | 0.9847 | 0.9865 | 0.9896 | 0.9927 | 0.9945 | 0.9976 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 51.14 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | -2.2263 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 0.9870 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9865 | |
| Elder Ray (13): | 0.0006 | |
| Super Trend (3,10): | 0.9896 | |
| Zig ZAG (10): | 0.9887 | |
| VORTEX (21): | 1.0259 | |
| Stochastique (14,3,5): | 65.67 | |
| TEMA (21): | 0.9875 | |
| Williams %R (14): | -29.63 | |
| Chande Momentum Oscillator (20): | 0.0008 | |
| Repulse (5,40,3): | 0.0475 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0190 | |
| Courbe Coppock: | 0.05 |
| MA7: | 0.9943 | |
| MA20: | 0.9937 | |
| MA50: | 0.9884 | |
| MA100: | 0.9874 | |
| MAexp7: | 0.9879 | |
| MAexp20: | 0.9884 | |
| MAexp50: | 0.9907 | |
| MAexp100: | 0.9929 | |
| Price / MA7: | -0.64% | |
| Price / MA20: | -0.58% | |
| Price / MA50: | -0.05% | |
| Price / MA100: | +0.05% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.28% | |
| Price / MAexp100: | -0.50% |
News
The latest news and videos published on USD/CHF at the time of the analysis were as follows:
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This member declared not having a position on this financial instrument or a related financial instrument.
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