USD/CHF

- CHF (-)

- Real time data - Forex

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Type:	Forex
Ticker:	USDCHF
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USD/CHF - Daily - Technical analysis published on 03/19/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Bullish

De fond: Slightly bullish

Technical indicators

72%

22%

My opinion

Bullish above 0.9691 CHF

My targets

0.9839 CHF (+0.0062)

0.9916 CHF (+0.0139)

My analysis

The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade USD/CHF with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.9691 CHF. The buyers” bullish objective is set at 0.9839 CHF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.9916 CHF. If there is any crossing, the next objective would be the resistance located at 1.0025 CHF. If there is a bearish break in the support located at 0.9691 CHF some indecision would arise.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

FORCE

4.3

Comment on the analysis

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 hsokkar. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

USD/CHF rating 0.9777 CHF. On the day, this instrument gained +1.03% and was between 0.9650 CHF and 0.9780 CHF. This implies that the price is at +1.32% from its lowest and at -0.03% from its highest.

0.9650

0.9780

0.9777

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Abnormal volumes on USD/CHF were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Technical

A technical analysis in Daily of this USD/CHF chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

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:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.9441	0.9636	0.9691	0.9777	0.9780	0.9839	0.9916
Change (%)	-3.44%	-1.44%	-0.88%	-	+0.03%	+0.63%	+1.42%
Change	-0.0336	-0.0141	-0.0086	-	+0.0003	+0.0062	+0.0139
Level	Intermediate	Intermediate	Major	-	Intermediate	Major	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.9395	0.9480	0.9579	0.9664	0.9763	0.9848	0.9947
Camarilla	0.9626	0.9643	0.9660	0.9677	0.9694	0.9711	0.9728
Woodie	0.9401	0.9484	0.9585	0.9668	0.9769	0.9852	0.9953
Fibonacci	0.9480	0.9551	0.9594	0.9664	0.9735	0.9778	0.9848

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8888	0.9035	0.9275	0.9422	0.9662	0.9809	1.0049
Camarilla	0.9409	0.9444	0.9480	0.9515	0.9551	0.9586	0.9621
Woodie	0.8935	0.9058	0.9322	0.9445	0.9709	0.9832	1.0096
Fibonacci	0.9035	0.9183	0.9274	0.9422	0.9570	0.9661	0.9809

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.9319	0.9464	0.9558	0.9703	0.9797	0.9942	1.0036
Camarilla	0.9585	0.9607	0.9629	0.9651	0.9673	0.9695	0.9717
Woodie	0.9293	0.9451	0.9532	0.9690	0.9771	0.9929	1.0010
Fibonacci	0.9464	0.9556	0.9612	0.9703	0.9795	0.9851	0.9942

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):	60.82
MACD (12,26,9):	-0.0030
Directional Movement:	4.8235
AROON (14):	57.1429
DEMA (21):	0.9532
Parabolic SAR (0,02-0,02-0,2):	0.9285
Elder Ray (13):	0.0145
Super Trend (3,10):	0.9335
Zig ZAG (10):	0.9759
VORTEX (21):	0.9153
Stochastique (14,3,5):	85.11
TEMA (21):	0.9539
Williams %R (14):	-3.51
Chande Momentum Oscillator (20):	0.0201
Repulse (5,40,3):	2.4755
ROCnROLL:	1
TRIX (15,9):	-0.0968
Courbe Coppock:	2.85

MA7:	0.9552
MA20:	0.9575
MA50:	0.9667
MA100:	0.9760
MAexp7:	0.9597
MAexp20:	0.9584
MAexp50:	0.9655
MAexp100:	0.9726
Price / MA7:	+2.36%
Price / MA20:	+2.11%
Price / MA50:	+1.14%
Price / MA100:	+0.17%
Price / MAexp7:	+1.88%
Price / MAexp20:	+2.01%
Price / MAexp50:	+1.26%
Price / MAexp100:	+0.52%

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:

This member declared not having a position on this financial instrument or a related financial instrument.

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