EUR/CHF - Weekly - Technical analysis published on 05/12/2020 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 1.0639 CHF
My targets
1.0414 CHF (-0.0104)
My analysis
The bearish trend is currently very strong for EUR/CHF. As long as the price remains below the resistance at 1.0639 CHF, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.0414 CHF. The bearish momentum would be revived by a break in this support. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
6.6
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This analysis was given by Picoul. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/CHF price is 1.0518 CHF. The price registered a decrease of -0.25% over 5 days and has been traded over the last 5 days between 1.0514 CHF and 1.0547 CHF. This implies that the 5 day price is +0.04% from its lowest point and -0.27% from its highest point.1.0514
1.0547
1.0518
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Weekly chart of EUR/CHF indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
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 resistance
Type : Bearish
Timeframe : Weekly
Near support of channel
Type : Bullish
Timeframe : Weekly
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 1.0518 | 1.0639 | 1.0827 | 1.1194 |
| Change (%) | - | +1.15% | +2.94% | +6.43% |
| Change | - | +0.0121 | +0.0309 | +0.0676 |
| Level | - | Minor | Intermediate | 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 | 1.0483 | 1.0499 | 1.0507 | 1.0523 | 1.0531 | 1.0547 | 1.0555 |
| Camarilla | 1.0509 | 1.0512 | 1.0514 | 1.0516 | 1.0518 | 1.0520 | 1.0523 |
| Woodie | 1.0480 | 1.0497 | 1.0504 | 1.0521 | 1.0528 | 1.0545 | 1.0552 |
| Fibonacci | 1.0499 | 1.0508 | 1.0514 | 1.0523 | 1.0532 | 1.0538 | 1.0547 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0458 | 1.0487 | 1.0506 | 1.0535 | 1.0554 | 1.0583 | 1.0602 |
| Camarilla | 1.0511 | 1.0515 | 1.0520 | 1.0524 | 1.0528 | 1.0533 | 1.0537 |
| Woodie | 1.0452 | 1.0485 | 1.0500 | 1.0533 | 1.0548 | 1.0581 | 1.0596 |
| Fibonacci | 1.0487 | 1.0506 | 1.0517 | 1.0535 | 1.0554 | 1.0565 | 1.0583 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0414 | 1.0460 | 1.0519 | 1.0565 | 1.0624 | 1.0670 | 1.0729 |
| Camarilla | 1.0548 | 1.0558 | 1.0567 | 1.0577 | 1.0587 | 1.0596 | 1.0606 |
| Woodie | 1.0420 | 1.0463 | 1.0525 | 1.0568 | 1.0630 | 1.0673 | 1.0735 |
| Fibonacci | 1.0460 | 1.0500 | 1.0525 | 1.0565 | 1.0605 | 1.0630 | 1.0670 |
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): | 30.82 | |
| MACD (12,26,9): | -0.0101 | |
| Directional Movement: | -6.5209 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 1.0494 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0511 | |
| Elder Ray (13): | -0.0055 | |
| Super Trend (3,10): | 1.0744 | |
| Zig ZAG (10): | 1.0517 | |
| VORTEX (21): | 0.7805 | |
| Stochastique (14,3,5): | 11.23 | |
| TEMA (21): | 1.0483 | |
| Williams %R (14): | -95.17 | |
| Chande Momentum Oscillator (20): | -0.0094 | |
| Repulse (5,40,3): | -0.5796 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1420 | |
| Courbe Coppock: | 3.46 |
| MA7: | 1.0530 | |
| MA20: | 1.0536 | |
| MA50: | 1.0562 | |
| MA100: | 1.0644 | |
| MAexp7: | 1.0542 | |
| MAexp20: | 1.0632 | |
| MAexp50: | 1.0820 | |
| MAexp100: | 1.0987 | |
| Price / MA7: | -0.11% | |
| Price / MA20: | -0.17% | |
| Price / MA50: | -0.42% | |
| Price / MA100: | -1.18% | |
| Price / MAexp7: | -0.23% | |
| Price / MAexp20: | -1.07% | |
| Price / MAexp50: | -2.79% | |
| Price / MAexp100: | -4.27% |
News
The last news published on EUR/CHF at the time of the generation of this analysis was as follows:
-
Weekly Technical Analysis: 09/03/2020 - USDJPY, GBPUSD, EURCHF
-
EURCHF on the Downslide
-
Weekly Technical Analysis: 26/08/2019 - USDJPY, EURCHF, NZDUSD
-
Quick EURUSD EURCHF 07 25 2019
-
As France, Italy, ECB and Other Euro Risks Rise, Watch EURCHF
This member declared not having a position on this financial instrument or a related financial instrument.
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