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 04/01/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Neutral

Technical indicators

56%

39%

My opinion

Bullish above 0.9441 CHF

My targets

0.9840 CHF (+0.0166)

0.9916 CHF (+0.0242)

My analysis

The current short-term bullish acceleration on USD/CHF should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 0.9441 CHF. Short-term buyers will use the resistance located at 0.9840 CHF as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 0.9916 CHF. Crossing this resistance would then open the door for buyers to target 1.0025 CHF. Caution, if there is a return to under 0.9441 CHF, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.

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

2.7

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

Additional analysis

Quotes

USD/CHF rating 0.9674 CHF. The price is lower by +0.60% since the last closing with the lowest point at 0.9603 CHF and the highest point at 0.9689 CHF. The deviation from the price is +0.74% for the low point and -0.15% for the high point.

0.9603

0.9689

0.9674

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

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 20 days

Technical

Technical analysis of this Daily chart of USD/CHF indicates that the overall trend is not clearly defined. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The technical indicators are bullish. There is still some doubt about the price increase.
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 2

Type : Neutral

Timeframe : Weekly

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Horizontal resistance 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	0.9284	0.9441	0.9636	0.9674	0.9691	0.9840	0.9916
Change (%)	-4.03%	-2.41%	-0.39%	-	+0.18%	+1.72%	+2.50%
Change	-0.0390	-0.0233	-0.0038	-	+0.0017	+0.0166	+0.0242
Level	Intermediate	Minor	Intermediate	-	Major	Intermediate	Major

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	0.9483	0.9537	0.9577	0.9631	0.9671	0.9725	0.9765
Camarilla	0.9590	0.9599	0.9607	0.9616	0.9625	0.9633	0.9642
Woodie	0.9475	0.9534	0.9569	0.9628	0.9663	0.9722	0.9757
Fibonacci	0.9537	0.9573	0.9595	0.9631	0.9667	0.9689	0.9725

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8778	0.8925	0.9119	0.9266	0.9460	0.9607	0.9801
Camarilla	0.9219	0.9251	0.9282	0.9313	0.9344	0.9376	0.9407
Woodie	0.8802	0.8937	0.9143	0.9278	0.9484	0.9619	0.9825
Fibonacci	0.8925	0.9055	0.9136	0.9266	0.9396	0.9477	0.9607

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8511	0.8847	0.9231	0.9567	0.9951	1.0287	1.0671
Camarilla	0.9418	0.9484	0.9550	0.9616	0.9682	0.9748	0.9814
Woodie	0.8536	0.8859	0.9256	0.9579	0.9976	1.0299	1.0696
Fibonacci	0.8847	0.9122	0.9292	0.9567	0.9842	1.0012	1.0287

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):	51.64
MACD (12,26,9):	0.0003
Directional Movement:	-3.8049
AROON (14):	50.0000
DEMA (21):	0.9641
Parabolic SAR (0,02-0,02-0,2):	0.9863
Elder Ray (13):	0
Super Trend (3,10):	0.9436
Zig ZAG (10):	0.9674
VORTEX (21):	1.0199
Stochastique (14,3,5):	51.24
TEMA (21):	0.9665
Williams %R (14):	-44.31
Chande Momentum Oscillator (20):	0.0203
Repulse (5,40,3):	0.2776
ROCnROLL:	-1
TRIX (15,9):	-0.0027
Courbe Coppock:	4.71

MA7:	0.9655
MA20:	0.9586
MA50:	0.9673
MA100:	0.9741
MAexp7:	0.9649
MAexp20:	0.9643
MAexp50:	0.9668
MAexp100:	0.9723
Price / MA7:	+0.20%
Price / MA20:	+0.92%
Price / MA50:	+0.01%
Price / MA100:	-0.69%
Price / MAexp7:	+0.26%
Price / MAexp20:	+0.32%
Price / MAexp50:	+0.06%
Price / MAexp100:	-0.50%

News

The latest news and videos published on USD/CHF at the time of the analysis were as follows:

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

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