USD/CHF - Daily - Technical analysis published on 12/03/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Neutral
Technical indicators
33%
33%
33%
My opinion
Bearish under 0.9942 CHF
My targets
0.9841 CHF (-0.0051)
0.9691 CHF (-0.0201)
My analysis
The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for USD/CHF as long as the price remains well below 0.9942 CHF. The sellers” bearish objective is set at 0.9841 CHF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.9691 CHF. If there is any crossing, the next objective would be the support located at 0.9441 CHF.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
1.8
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/CHF rating is 0.9892 CHF. The price is lower by -0.23% since the last closing and was traded between 0.9884 CHF and 0.9927 CHF over the period. The price is currently at +0.08% from its lowest and -0.35% from its highest.0.9884
0.9927
0.9892
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this USD/CHF chart shows a neutral trend. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 6 are neutral and 6 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Horizontal support is broken
Type : Bearish
Timeframe : Daily
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.9691 | 0.9841 | 0.9888 | 0.9892 | 0.9942 | 1.0025 | 1.0109 |
| Change (%) | -2.03% | -0.52% | -0.04% | - | +0.51% | +1.34% | +2.19% |
| Change | -0.0201 | -0.0051 | -0.0004 | - | +0.0050 | +0.0133 | +0.0217 |
| Level | Major | Intermediate | Minor | - | Major | 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 | 0.9783 | 0.9847 | 0.9881 | 0.9945 | 0.9979 | 1.0043 | 1.0077 |
| Camarilla | 0.9888 | 0.9897 | 0.9906 | 0.9915 | 0.9924 | 0.9933 | 0.9942 |
| Woodie | 0.9768 | 0.9840 | 0.9866 | 0.9938 | 0.9964 | 1.0036 | 1.0062 |
| Fibonacci | 0.9847 | 0.9884 | 0.9908 | 0.9945 | 0.9982 | 1.0006 | 1.0043 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9903 | 0.9931 | 0.9966 | 0.9994 | 1.0029 | 1.0057 | 1.0092 |
| Camarilla | 0.9983 | 0.9989 | 0.9994 | 1.0000 | 1.0006 | 1.0012 | 1.0017 |
| Woodie | 0.9906 | 0.9933 | 0.9969 | 0.9996 | 1.0032 | 1.0059 | 1.0095 |
| Fibonacci | 0.9931 | 0.9955 | 0.9970 | 0.9994 | 1.0018 | 1.0033 | 1.0057 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9721 | 0.9786 | 0.9893 | 0.9958 | 1.0065 | 1.0130 | 1.0237 |
| Camarilla | 0.9953 | 0.9969 | 0.9984 | 1.0000 | 1.0016 | 1.0032 | 1.0047 |
| Woodie | 0.9742 | 0.9797 | 0.9914 | 0.9969 | 1.0086 | 1.0141 | 1.0258 |
| Fibonacci | 0.9786 | 0.9852 | 0.9892 | 0.9958 | 1.0024 | 1.0064 | 1.0130 |
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): | 42.63 | |
| MACD (12,26,9): | 0.0008 | |
| Directional Movement: | -6.9195 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 0.9947 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0023 | |
| Elder Ray (13): | -0.0037 | |
| Super Trend (3,10): | 0.9893 | |
| Zig ZAG (10): | 0.9898 | |
| VORTEX (21): | 1.0367 | |
| Stochastique (14,3,5): | 44.95 | |
| TEMA (21): | 0.9952 | |
| Williams %R (14): | -80.65 | |
| Chande Momentum Oscillator (20): | 0.0000 | |
| Repulse (5,40,3): | -0.9407 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0131 | |
| Courbe Coppock: | 0.72 |
| MA7: | 0.9961 | |
| MA20: | 0.9936 | |
| MA50: | 0.9930 | |
| MA100: | 0.9888 | |
| MAexp7: | 0.9943 | |
| MAexp20: | 0.9937 | |
| MAexp50: | 0.9923 | |
| MAexp100: | 0.9917 | |
| Price / MA7: | -0.69% | |
| Price / MA20: | -0.44% | |
| Price / MA50: | -0.38% | |
| Price / MA100: | +0.04% | |
| Price / MAexp7: | -0.51% | |
| Price / MAexp20: | -0.45% | |
| Price / MAexp50: | -0.31% | |
| Price / MAexp100: | -0.25% |
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 May Be the Best Dollar-Bullish Option for Trade War Status Quo (Quick Take Video)
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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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