USD/CHF

- CHF (-)

- Real time data - Forex

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Type:	Forex
Ticker:	USDCHF
ISIN:

USD/CHF - Weekly - Technical analysis published on 02/29/2024 (GMT)

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

67%

33%

My opinion

Bearish under 0.8946 CHF

My targets

0.8550 CHF (-0.0287)

0.8413 CHF (-0.0424)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on USD/CHF. As long as you are under the resistance located at 0.8946 CHF, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.8550 CHF would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.8413 CHF as an objective. Crossing it would then enable sellers to target 0.7232 CHF. If the resistance 0.8946 CHF were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

1.1

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 USD/CHF price is 0.8837 CHF. The price is up +0.41% over 5 days with the lowest point at 0.8779 CHF and the highest point at 0.8844 CHF. The deviation from the price is +0.66% for the low point and -0.08% for the high point.

0.8779

0.8844

0.8837

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

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

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 Weekly shows an overall bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 12 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Aroon indicator bullish trend

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : Weekly

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8413	0.8550	0.8782	0.8837	0.8946	0.9223	0.9435
Change (%)	-4.80%	-3.25%	-0.62%	-	+1.23%	+4.37%	+6.77%
Change	-0.0424	-0.0287	-0.0055	-	+0.0109	+0.0386	+0.0598
Level	Major	Major	Major	-	Intermediate	Major	Intermediate

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	0.8742	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):	52.43
MACD (12,26,9):	-0.0045
Directional Movement:	-0.4268
AROON (14):	50.0000
DEMA (21):	0.8687
Parabolic SAR (0,02-0,02-0,2):	0.8425
Elder Ray (13):	0.0071
Super Trend (3,10):	0.8934
Zig ZAG (10):	0.8836
VORTEX (21):	0.9026
Stochastique (14,3,5):	81.46
TEMA (21):	0.8717
Williams %R (14):	-8.66
Chande Momentum Oscillator (20):	0.0033
Repulse (5,40,3):	1.7662
ROCnROLL:	-1
TRIX (15,9):	-0.1216
Courbe Coppock:	3.54

MA7:	0.8803
MA20:	0.8783
MA50:	0.8654
MA100:	0.8769
MAexp7:	0.8756
MAexp20:	0.8760
MAexp50:	0.8896
MAexp100:	0.9062
Price / MA7:	+0.39%
Price / MA20:	+0.61%
Price / MA50:	+2.11%
Price / MA100:	+0.78%
Price / MAexp7:	+0.93%
Price / MAexp20:	+0.88%
Price / MAexp50:	-0.66%
Price / MAexp100:	-2.48%

Quotes : - Real time data - Forex

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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