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Londinia Opportunities Analyses - 05/22/2024 (GMT) GBP/CHF - 1H

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GBP CHF
- CHF (-)
- Real time data - Forex
Type: Forex
Ticker: GBPCHF
ISIN:

Londinia
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
  • FX/Indices
  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 1.1556 CHF
My targets
1.1618 CHF (+0.0032)
1.1693 CHF (+0.0107)
My analysis
GBP/CHF is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.1556 CHF. The next resistance located at 1.1618 CHF is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.1693 CHF. After this resistance, buyers could then target 1.2155 CHF. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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
0
10
8.4

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Additional analysis

Quotes

GBP/CHF rating 1.1586 CHF. The price has increased by +0.04% since the last closing and was traded between 1.1581 CHF and 1.1588 CHF over the period. The price is currently at +0.04% from its lowest and -0.02% from its highest.

1.1581
1.1588
1.1586

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 results:

Central Records

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this GBP/CHF chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.1458 1.1556 1.1585 1.1586 1.1693 1.2155 1.2594
Change (%) -1.10% -0.26% -0.01% - +0.92% +4.91% +8.70%
Change -0.0128 -0.0030 -0.0001 - +0.0107 +0.0569 +0.1008
Level Major Intermediate Intermediate - Minor Minor Intermediate



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.15351.15451.15641.15741.15931.16031.1622
Camarilla1.15741.15771.15791.15821.15851.15871.1590
Woodie1.15391.15471.15681.15761.15971.16051.1626
Fibonacci1.15451.15561.15631.15741.15851.15921.1603


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.12021.12711.14101.14791.16181.16871.1826
Camarilla1.14911.15101.15291.15481.15671.15861.1605
Woodie1.12361.12891.14441.14971.16521.17051.1860
Fibonacci1.12711.13511.14001.14791.15591.16081.1687


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.09451.10581.12711.13841.15971.17101.1923
Camarilla1.13951.14251.14551.14851.15151.15451.1575
Woodie1.09961.10831.13221.14091.16481.17351.1974
Fibonacci1.10581.11821.12591.13841.15081.15851.1710

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): 65.98
MACD (12,26,9): 0.0005
Directional Movement: 12.6324
AROON (14): 78.5714
DEMA (21): 1.1586
Parabolic SAR (0,02-0,02-0,2): 1.1576
Elder Ray (13): 0.0004
Super Trend (3,10): 1.1566
Zig ZAG (10): 1.1585
VORTEX (21): 1.1264
Stochastique (14,3,5): 87.14
TEMA (21): 1.1585
Williams %R (14): -10.53
Chande Momentum Oscillator (20): 0.0007
Repulse (5,40,3): 0.0060
ROCnROLL: 1
TRIX (15,9): 0.0063
Courbe Coppock: 0.21
MA7: 1.1515
MA20: 1.1441
MA50: 1.1394
MA100: 1.1220
MAexp7: 1.1584
MAexp20: 1.1579
MAexp50: 1.1564
MAexp100: 1.1532
Price / MA7: +0.62%
Price / MA20: +1.27%
Price / MA50: +1.69%
Price / MA100: +3.26%
Price / MAexp7: +0.02%
Price / MAexp20: +0.06%
Price / MAexp50: +0.19%
Price / MAexp100: +0.47%

Quotes : - Real time data - Forex

News


The last news published on GBP/CHF at the time of the generation of this analysis was as follows:

NEW !