EUR/CHF - 1H - Technical analysis published on 07/18/2023 (GMT)
- 153
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 0.9643 CHF
My targets
0.9685 CHF (+0.0017)
0.9736 CHF (+0.0068)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade EUR/CHF with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.9643 CHF. The buyers' bullish objective is set at 0.9685 CHF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.9736 CHF. If there is any crossing, the next objective would be the resistance located at 0.9764 CHF. If there is a bearish break in the support located at 0.9643 CHF some indecision would arise.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
3.2
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
The EUR/CHF rating is 0.9668 CHF. On the day, this instrument gained +0.00% with the lowest point at 0.9664 CHF and the highest point at 0.9672 CHF. The deviation from the price is +0.04% for the low point and -0.04% for the high point.0.9664
0.9672
0.9668
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/CHF indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. The overall trend remains fragile, as do the slightly bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 9 technical indicators out of 18 studied are currently bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.9608 | 0.9629 | 0.9643 | 0.9668 | 0.9685 | 0.9736 | 0.9764 |
| Change (%) | -0.62% | -0.40% | -0.26% | - | +0.18% | +0.70% | +0.99% |
| Change | -0.0060 | -0.0039 | -0.0025 | - | +0.0017 | +0.0068 | +0.0096 |
| Level | Intermediate | Minor | Intermediate | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9600 | 0.9621 | 0.9645 | 0.9666 | 0.9690 | 0.9711 | 0.9735 |
| Camarilla | 0.9656 | 0.9660 | 0.9664 | 0.9668 | 0.9672 | 0.9676 | 0.9680 |
| Woodie | 0.9601 | 0.9622 | 0.9646 | 0.9667 | 0.9691 | 0.9712 | 0.9736 |
| Fibonacci | 0.9621 | 0.9639 | 0.9649 | 0.9666 | 0.9684 | 0.9694 | 0.9711 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9445 | 0.9527 | 0.9601 | 0.9683 | 0.9757 | 0.9839 | 0.9913 |
| Camarilla | 0.9633 | 0.9647 | 0.9662 | 0.9676 | 0.9690 | 0.9705 | 0.9719 |
| Woodie | 0.9442 | 0.9525 | 0.9598 | 0.9681 | 0.9754 | 0.9837 | 0.9910 |
| Fibonacci | 0.9527 | 0.9586 | 0.9623 | 0.9683 | 0.9742 | 0.9779 | 0.9839 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9531 | 0.9607 | 0.9689 | 0.9765 | 0.9847 | 0.9923 | 1.0005 |
| Camarilla | 0.9727 | 0.9741 | 0.9756 | 0.9770 | 0.9785 | 0.9799 | 0.9814 |
| Woodie | 0.9533 | 0.9609 | 0.9691 | 0.9767 | 0.9849 | 0.9925 | 1.0007 |
| Fibonacci | 0.9607 | 0.9668 | 0.9705 | 0.9765 | 0.9826 | 0.9863 | 0.9923 |
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): | 52.17 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 1.4215 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 0.9668 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9650 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 0.9675 | |
| Zig ZAG (10): | 0.9668 | |
| VORTEX (21): | 0.9890 | |
| Stochastique (14,3,5): | 76.31 | |
| TEMA (21): | 0.9668 | |
| Williams %R (14): | -24.00 | |
| Chande Momentum Oscillator (20): | 0.0005 | |
| Repulse (5,40,3): | -0.0465 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0018 | |
| Courbe Coppock: | 0.22 |
| MA7: | 0.9676 | |
| MA20: | 0.9740 | |
| MA50: | 0.9739 | |
| MA100: | 0.9805 | |
| MAexp7: | 0.9668 | |
| MAexp20: | 0.9666 | |
| MAexp50: | 0.9663 | |
| MAexp100: | 0.9670 | |
| Price / MA7: | -0.08% | |
| Price / MA20: | -0.74% | |
| Price / MA50: | -0.73% | |
| Price / MA100: | -1.40% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.05% | |
| Price / MAexp100: | -0.02% |
Quotes :
-
Real time data
-
Forex
News
Don't forget to follow the news on EUR/CHF. At the time of publication of this analysis, the latest news was as follows:
-
EUR/CHF Forecast November 8, 2022
-
EUR/CHF Forecast September 30, 2022
-
Trading the Trend: #EURCHF to continue downwards?
-
EUR/CHF Forecast September 9, 2022
-
Trade of the Week 22/08 - Short EUR/CHF
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis EUR/CHF - 1H