USD/CHF

- CHF (-)

- Real time data - Forex

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Type:	Forex
Ticker:	USDCHF
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USD/CHF - 1H - Technical analysis published on 02/29/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
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Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

11%

67%

22%

My opinion

Bearish under 0.8799 CHF

My targets

0.8743 CHF (-0.0043)

0.8696 CHF (-0.0090)

My analysis

The bearish basic trend is very strong on USD/CHF but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.8799 CHF. Crossing the first support at 0.8743 CHF would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.8696 CHF as an objective. Crossing it would then enable sellers to target 0.8550 CHF. Caution, a return to above the resistance located at 0.8799 CHF would be a sign of a possible consolidation phase of the short-term basic trend. 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.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

7.3

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

Additional analysis

Quotes

The USD/CHF price is 0.8786 CHF. The price is lower by -0.01% since the last closing with the lowest point at 0.8780 CHF and the highest point at 0.8789 CHF. The deviation from the price is +0.07% for the low point and -0.03% for the high point.

0.8780

0.8789

0.8786

Here is a more detailed summary of the historical variations registered by USD/CHF:

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

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of USD/CHF in 1H shows a overall strongly bearish trend. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : 1 hour

In fact, 12 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

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

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8696	0.8743	0.8782	0.8786	0.8799	0.8822	0.8838
Change (%)	-1.02%	-0.49%	-0.05%	-	+0.15%	+0.41%	+0.59%
Change	-0.0090	-0.0043	-0.0004	-	+0.0013	+0.0036	+0.0052
Level	Minor	Minor	Major	-	Minor	Major	Minor

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
Standard	0.8742	0.8762	0.8775	0.8795	0.8808	0.8828	0.8841
Camarilla	0.8778	0.8781	0.8784	0.8787	0.8790	0.8793	0.8796
Woodie	0.8738	0.8760	0.8771	0.8793	0.8804	0.8826	0.8837
Fibonacci	0.8762	0.8775	0.8783	0.8795	0.8808	0.8816	0.8828

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8663	0.8703	0.8758	0.8798	0.8853	0.8893	0.8948
Camarilla	0.8787	0.8796	0.8804	0.8813	0.8822	0.8830	0.8839
Woodie	0.8671	0.8707	0.8766	0.8802	0.8861	0.8897	0.8956
Fibonacci	0.8703	0.8739	0.8762	0.8798	0.8834	0.8857	0.8893

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8097	0.8245	0.8434	0.8582	0.8771	0.8919	0.9108
Camarilla	0.8531	0.8562	0.8593	0.8624	0.8655	0.8686	0.8717
Woodie	0.8119	0.8255	0.8456	0.8592	0.8793	0.8929	0.9130
Fibonacci	0.8245	0.8373	0.8453	0.8582	0.8710	0.8790	0.8919

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):	40.63
MACD (12,26,9):	-0.0004
Directional Movement:	-9.1483
AROON (14):	-92.8571
DEMA (21):	0.8787
Parabolic SAR (0,02-0,02-0,2):	0.8794
Elder Ray (13):	-0.0006
Super Trend (3,10):	0.8806
Zig ZAG (10):	0.8785
VORTEX (21):	0.8985
Stochastique (14,3,5):	14.07
TEMA (21):	0.8784
Williams %R (14):	-81.48
Chande Momentum Oscillator (20):	-0.0016
Repulse (5,40,3):	0.0090
ROCnROLL:	2
TRIX (15,9):	-0.0041
Courbe Coppock:	0.39

MA7:	0.8796
MA20:	0.8780
MA50:	0.8653
MA100:	0.8768
MAexp7:	0.8786
MAexp20:	0.8791
MAexp50:	0.8795
MAexp100:	0.8799
Price / MA7:	-0.11%
Price / MA20:	+0.07%
Price / MA50:	+1.54%
Price / MA100:	+0.21%
Price / MAexp7:	-0%
Price / MAexp20:	-0.06%
Price / MAexp50:	-0.10%
Price / MAexp100:	-0.15%

Quotes : - Real time data - Forex

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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