GBP/CHF

- CHF (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPCHF
ISIN:

GBP/CHF - Daily - Technical analysis published on 03/21/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 1.1077 CHF

My targets

1.1458 CHF (+0.0083)

1.1693 CHF (+0.0318)

My analysis

The bullish trend is currently very strong on GBP/CHF. As long as the price remains above the support at 1.1077 CHF, you could try to benefit from the boom. The first bullish objective is located at 1.1458 CHF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.1693 CHF as an objective. Crossing it would then enable buyers to target 1.2183 CHF. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.9

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

Additional analysis

Quotes

The GBP/CHF price is 1.1375 CHF. On the day, this instrument gained +0.35% and was between 1.1311 CHF and 1.1460 CHF. This implies that the price is at +0.57% from its lowest and at -0.74% from its highest.

1.1311

1.1460

1.1375

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a 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 Daily of this GBP/CHF chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.0914	1.1077	1.1336	1.1375	1.1458	1.1693	1.2183
Change (%)	-4.05%	-2.62%	-0.34%	-	+0.73%	+2.80%	+7.10%
Change	-0.0461	-0.0298	-0.0039	-	+0.0083	+0.0318	+0.0808
Level	Minor	Intermediate	Minor	-	Major	Minor	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	1.1251	1.1273	1.1304	1.1326	1.1357	1.1379	1.1410
Camarilla	1.1320	1.1325	1.1330	1.1335	1.1340	1.1345	1.1350
Woodie	1.1256	1.1275	1.1309	1.1328	1.1362	1.1381	1.1415
Fibonacci	1.1273	1.1293	1.1306	1.1326	1.1346	1.1359	1.1379

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.1102	1.1149	1.1192	1.1239	1.1282	1.1329	1.1372
Camarilla	1.1209	1.1218	1.1226	1.1234	1.1242	1.1251	1.1259
Woodie	1.1099	1.1148	1.1189	1.1238	1.1279	1.1328	1.1369
Fibonacci	1.1149	1.1184	1.1205	1.1239	1.1274	1.1295	1.1329

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.0690	1.0793	1.0980	1.1083	1.1270	1.1373	1.1560
Camarilla	1.1088	1.1115	1.1141	1.1168	1.1195	1.1221	1.1248
Woodie	1.0733	1.0814	1.1023	1.1104	1.1313	1.1394	1.1603
Fibonacci	1.0793	1.0903	1.0972	1.1083	1.1193	1.1262	1.1373

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):	73.06
MACD (12,26,9):	0.0065
Directional Movement:	30.1235
AROON (14):	100.0000
DEMA (21):	1.1324
Parabolic SAR (0,02-0,02-0,2):	1.1207
Elder Ray (13):	0.0114
Super Trend (3,10):	1.1201
Zig ZAG (10):	1.1379
VORTEX (21):	1.1833
Stochastique (14,3,5):	87.15
TEMA (21):	1.1340
Williams %R (14):	-27.42
Chande Momentum Oscillator (20):	0.0154
Repulse (5,40,3):	0.6685
ROCnROLL:	1
TRIX (15,9):	0.0786
Courbe Coppock:	2.24

MA7:	1.1294
MA20:	1.1235
MA50:	1.1103
MA100:	1.1041
MAexp7:	1.1307
MAexp20:	1.1238
MAexp50:	1.1140
MAexp100:	1.1092
Price / MA7:	+0.72%
Price / MA20:	+1.25%
Price / MA50:	+2.45%
Price / MA100:	+3.03%
Price / MAexp7:	+0.60%
Price / MAexp20:	+1.22%
Price / MAexp50:	+2.11%
Price / MAexp100:	+2.55%

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:

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

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