USD/CHF

- CHF (-)

- Real time data - Forex

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Type:	Forex
Ticker:	USDCHF
ISIN:

USD/CHF - 1H - Technical analysis published on 04/10/2024 (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%

11%

My opinion

Bullish above 0.9100 CHF

My targets

0.9173 CHF (+0.0051)

0.9221 CHF (+0.0099)

My analysis

USD/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 0.9100 CHF. The next resistance located at 0.9173 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 0.9221 CHF. After this resistance, buyers could then target 0.9434 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

8.2

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

Additional analysis

Quotes

The USD/CHF price is 0.9122 CHF. On the day, this instrument gained +1.01% and was between 0.9025 CHF and 0.9123 CHF. This implies that the price is at +1.07% from its lowest and at -0.01% from its highest.

0.9025

0.9123

0.9122

A study of price movements over other periods shows the following variations:

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 1H of this USD/CHF chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.9066	0.9075	0.9100	0.9122	0.9221	0.9434	1.0175
Change (%)	-0.61%	-0.52%	-0.24%	-	+1.09%	+3.42%	+11.54%
Change	-0.0056	-0.0047	-0.0022	-	+0.0099	+0.0312	+0.1053
Level	Intermediate	Intermediate	Intermediate	-	Major	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8966	0.8990	0.9010	0.9034	0.9054	0.9078	0.9098
Camarilla	0.9019	0.9023	0.9027	0.9031	0.9035	0.9039	0.9043
Woodie	0.8965	0.8989	0.9009	0.9033	0.9053	0.9077	0.9097
Fibonacci	0.8990	0.9007	0.9017	0.9034	0.9051	0.9061	0.9078

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8879	0.8939	0.8977	0.9037	0.9075	0.9135	0.9173
Camarilla	0.8989	0.8998	0.9007	0.9016	0.9025	0.9034	0.9043
Woodie	0.8869	0.8934	0.8967	0.9032	0.9065	0.9130	0.9163
Fibonacci	0.8939	0.8976	0.8999	0.9037	0.9074	0.9097	0.9135

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	85.05
MACD (12,26,9):	0.0009
Directional Movement:	36.7828
AROON (14):	7.1429
DEMA (21):	0.9058
Parabolic SAR (0,02-0,02-0,2):	0.9025
Elder Ray (13):	0.0051
Super Trend (3,10):	0.9058
Zig ZAG (10):	0.9119
VORTEX (21):	1.2652
Stochastique (14,3,5):	78.32
TEMA (21):	0.9068
Williams %R (14):	-2.04
Chande Momentum Oscillator (20):	0.0083
Repulse (5,40,3):	0.9878
ROCnROLL:	1
TRIX (15,9):	0.0019
Courbe Coppock:	0.60

MA7:	0.9048
MA20:	0.8987
MA50:	0.8864
MA100:	0.8755
MAexp7:	0.9067
MAexp20:	0.9049
MAexp50:	0.9044
MAexp100:	0.9043
Price / MA7:	+0.82%
Price / MA20:	+1.50%
Price / MA50:	+2.91%
Price / MA100:	+4.19%
Price / MAexp7:	+0.61%
Price / MAexp20:	+0.81%
Price / MAexp50:	+0.86%
Price / MAexp100:	+0.87%

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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