EUR/CHF

- CHF (-)

- Real time data - Forex

Open:	-
Change:	-
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Low:	-
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High / Low range:	-

Type:	Forex
Ticker:	EURCHF
ISIN:

EUR/CHF - Daily - Technical analysis published on 06/19/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

78%

17%

My opinion

Bullish above 0.9687 CHF

My targets

0.9861 CHF (+0.0079)

0.9939 CHF (+0.0157)

My analysis

The strong short-term increase in EUR/CHF calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 0.9687 CHF, you could consider taking advantage of the short-term movement. The first bullish objective is located at 0.9861 CHF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.9939 CHF as an objective. Crossing it would then enable buyers to target 1.0071 CHF. Caution, a return under 0.9687 CHF could jeopardize the reversal.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

2.7

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 forex2000. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

EUR/CHF rating 0.9782 CHF. The price registered a decrease of -0.04% on the session and was traded between 0.9779 CHF and 0.9787 CHF over the period. The price is currently at +0.03% from its lowest and -0.05% from its highest.

0.9779

0.9787

0.9782

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

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

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of EUR/CHF in Daily shows an overall slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

The analysis of the price chart with Central Patterns scanners does not return any result.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.9491	0.9586	0.9687	0.9782	0.9786	0.9861	0.9939
Change (%)	-2.97%	-2.00%	-0.97%	-	+0.04%	+0.81%	+1.60%
Change	-0.0291	-0.0196	-0.0095	-	+0.0004	+0.0079	+0.0157
Level	Major	Minor	Major	-	Major	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	0.9754	0.9761	0.9774	0.9781	0.9794	0.9801	0.9814
Camarilla	0.9781	0.9782	0.9784	0.9786	0.9788	0.9790	0.9792
Woodie	0.9756	0.9763	0.9776	0.9783	0.9796	0.9803	0.9816
Fibonacci	0.9761	0.9769	0.9774	0.9781	0.9789	0.9794	0.9801

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.9632	0.9668	0.9724	0.9760	0.9816	0.9852	0.9908
Camarilla	0.9756	0.9764	0.9773	0.9781	0.9789	0.9798	0.9806
Woodie	0.9643	0.9673	0.9735	0.9765	0.9827	0.9857	0.9919
Fibonacci	0.9668	0.9703	0.9725	0.9760	0.9795	0.9817	0.9852

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.9449	0.9560	0.9646	0.9757	0.9843	0.9954	1.0040
Camarilla	0.9677	0.9695	0.9713	0.9731	0.9749	0.9767	0.9785
Woodie	0.9436	0.9554	0.9633	0.9751	0.9830	0.9948	1.0027
Fibonacci	0.9560	0.9636	0.9682	0.9757	0.9833	0.9879	0.9954

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):	55.85
MACD (12,26,9):	0.0004
Directional Movement:	8.3805
AROON (14):	14.2857
DEMA (21):	0.9751
Parabolic SAR (0,02-0,02-0,2):	0.9704
Elder Ray (13):	0.0026
Super Trend (3,10):	0.9816
Zig ZAG (10):	0.9781
VORTEX (21):	1.1171
Stochastique (14,3,5):	89.60
TEMA (21):	0.9774
Williams %R (14):	-11.71
Chande Momentum Oscillator (20):	0.0045
Repulse (5,40,3):	0.2375
ROCnROLL:	-1
TRIX (15,9):	-0.0106
Courbe Coppock:	1.03

MA7:	0.9774
MA20:	0.9737
MA50:	0.9768
MA100:	0.9838
MAexp7:	0.9768
MAexp20:	0.9752
MAexp50:	0.9775
MAexp100:	0.9809
Price / MA7:	+0.08%
Price / MA20:	+0.46%
Price / MA50:	+0.14%
Price / MA100:	-0.57%
Price / MAexp7:	+0.14%
Price / MAexp20:	+0.31%
Price / MAexp50:	+0.07%
Price / MAexp100:	-0.28%

Quotes : - Real time data - Forex

News

The latest news and videos published on EUR/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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