USD/CHF

- CHF (-)

- Real time data - Forex

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Type:	Forex
Ticker:	USDCHF
ISIN:

USD/CHF - 1H - Technical analysis published on 04/02/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 0.9043 CHF

My targets

0.9100 CHF (+0.0021)

0.9175 CHF (+0.0096)

My analysis

The bullish trend is currently very strong on USD/CHF. As long as the price remains above the support at 0.9043 CHF, you could try to benefit from the boom. The first bullish objective is located at 0.9100 CHF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.9175 CHF as an objective. Crossing it would then enable buyers to target 0.9221 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.

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

8.4

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

USD/CHF rating 0.9079 CHF. The price has increased by +0.31% since the last closing and was traded between 0.9050 CHF and 0.9083 CHF over the period. The price is currently at +0.32% from its lowest and -0.04% from its highest.

0.9050

0.9083

0.9079

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 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

Technical analysis of this 1H chart of USD/CHF indicates that the overall trend is strongly bullish. 89.29% 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 market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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

Near horizontal resistance

Type : Bearish

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.9006	0.9043	0.9072	0.9079	0.9100	0.9221	0.9435
Change (%)	-0.80%	-0.40%	-0.08%	-	+0.23%	+1.56%	+3.92%
Change	-0.0073	-0.0036	-0.0007	-	+0.0021	+0.0142	+0.0356
Level	Intermediate	Minor	Intermediate	-	Minor	Major	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
Standard	0.9025	0.9038	0.9058	0.9071	0.9091	0.9104	0.9124
Camarilla	0.9070	0.9073	0.9076	0.9079	0.9082	0.9085	0.9088
Woodie	0.9030	0.9040	0.9063	0.9073	0.9096	0.9106	0.9129
Fibonacci	0.9038	0.9050	0.9058	0.9071	0.9083	0.9091	0.9104

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8857	0.8911	0.8963	0.9017	0.9069	0.9123	0.9175
Camarilla	0.8985	0.8995	0.9004	0.9014	0.9024	0.9033	0.9043
Woodie	0.8855	0.8911	0.8961	0.9017	0.9067	0.9123	0.9173
Fibonacci	0.8911	0.8952	0.8977	0.9017	0.9058	0.9083	0.9123

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8462	0.8595	0.8805	0.8938	0.9148	0.9281	0.9491
Camarilla	0.8920	0.8951	0.8983	0.9014	0.9045	0.9077	0.9108
Woodie	0.8500	0.8614	0.8843	0.8957	0.9186	0.9300	0.9529
Fibonacci	0.8595	0.8726	0.8807	0.8938	0.9069	0.9150	0.9281

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):	76.83
MACD (12,26,9):	0.0011
Directional Movement:	30.4519
AROON (14):	71.4286
DEMA (21):	0.9067
Parabolic SAR (0,02-0,02-0,2):	0.9059
Elder Ray (13):	0.0019
Super Trend (3,10):	0.9053
Zig ZAG (10):	0.9077
VORTEX (21):	1.3228
Stochastique (14,3,5):	92.23
TEMA (21):	0.9073
Williams %R (14):	-13.64
Chande Momentum Oscillator (20):	0.0033
Repulse (5,40,3):	0.1230
ROCnROLL:	1
TRIX (15,9):	0.0156
Courbe Coppock:	0.52

MA7:	0.9035
MA20:	0.8909
MA50:	0.8815
MA100:	0.8746
MAexp7:	0.9067
MAexp20:	0.9052
MAexp50:	0.9039
MAexp100:	0.9028
Price / MA7:	+0.49%
Price / MA20:	+1.91%
Price / MA50:	+2.99%
Price / MA100:	+3.81%
Price / MAexp7:	+0.13%
Price / MAexp20:	+0.30%
Price / MAexp50:	+0.44%
Price / MAexp100:	+0.56%

Quotes : - Real time data - Forex

News

The last news published on USD/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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