EUR/CHF - 1H - Technical analysis published on 11/10/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 0.9609 CHF
My targets
0.9654 CHF (+0.0017)
0.9680 CHF (+0.0043)
My analysis
EUR/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 0.9609 CHF. The next resistance located at 0.9654 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 0.9680 CHF. After this resistance, buyers could then target 0.9786 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.
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
0
10
6.6
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This analysis was given by hannahfreeman. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/CHF price is 0.9637 CHF. The price has increased by +0.02% since the last closing and was between 0.9619 CHF and 0.9644 CHF. This implies that the price is at +0.19% from its lowest and at -0.07% from its highest.0.9619
0.9644
0.9637
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/CHF chart shows a strongly bullish trend. 82.14% 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. 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, 11 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.9596 | 0.9609 | 0.9630 | 0.9637 | 0.9643 | 0.9654 | 0.9680 |
| Change (%) | -0.43% | -0.29% | -0.07% | - | +0.06% | +0.18% | +0.45% |
| Change | -0.0041 | -0.0028 | -0.0007 | - | +0.0006 | +0.0017 | +0.0043 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Intermediate | 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 | 0.9590 | 0.9604 | 0.9620 | 0.9634 | 0.9650 | 0.9664 | 0.9680 |
| Camarilla | 0.9627 | 0.9630 | 0.9632 | 0.9635 | 0.9638 | 0.9641 | 0.9643 |
| Woodie | 0.9590 | 0.9605 | 0.9620 | 0.9635 | 0.9650 | 0.9665 | 0.9680 |
| Fibonacci | 0.9604 | 0.9616 | 0.9623 | 0.9634 | 0.9646 | 0.9653 | 0.9664 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9421 | 0.9471 | 0.9553 | 0.9603 | 0.9685 | 0.9735 | 0.9817 |
| Camarilla | 0.9600 | 0.9612 | 0.9624 | 0.9636 | 0.9648 | 0.9660 | 0.9672 |
| Woodie | 0.9438 | 0.9479 | 0.9570 | 0.9611 | 0.9702 | 0.9743 | 0.9834 |
| Fibonacci | 0.9471 | 0.9521 | 0.9552 | 0.9603 | 0.9653 | 0.9684 | 0.9735 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9200 | 0.9309 | 0.9467 | 0.9576 | 0.9734 | 0.9843 | 1.0001 |
| Camarilla | 0.9553 | 0.9577 | 0.9602 | 0.9626 | 0.9651 | 0.9675 | 0.9699 |
| Woodie | 0.9226 | 0.9321 | 0.9493 | 0.9588 | 0.9760 | 0.9855 | 1.0027 |
| Fibonacci | 0.9309 | 0.9411 | 0.9474 | 0.9576 | 0.9678 | 0.9741 | 0.9843 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.77 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | -1.4219 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 0.9636 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9621 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 0.9619 | |
| Zig ZAG (10): | 0.9637 | |
| VORTEX (21): | 1.0060 | |
| Stochastique (14,3,5): | 70.67 | |
| TEMA (21): | 0.9636 | |
| Williams %R (14): | -28.00 | |
| Chande Momentum Oscillator (20): | -0.0001 | |
| Repulse (5,40,3): | -0.0125 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0010 | |
| Courbe Coppock: | 0.06 |
| MA7: | 0.9632 | |
| MA20: | 0.9554 | |
| MA50: | 0.9581 | |
| MA100: | 0.9607 | |
| MAexp7: | 0.9636 | |
| MAexp20: | 0.9635 | |
| MAexp50: | 0.9633 | |
| MAexp100: | 0.9629 | |
| Price / MA7: | +0.05% | |
| Price / MA20: | +0.87% | |
| Price / MA50: | +0.58% | |
| Price / MA100: | +0.31% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | +0.08% |
Quotes :
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Real time data
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Forex
News
The latest news and videos published on EUR/CHF at the time of the analysis were as follows:
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EUR/CHF Forecast November 8, 2022
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EUR/CHF Forecast September 30, 2022
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Trading the Trend: #EURCHF to continue downwards?
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EUR/CHF Forecast September 9, 2022
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This member declared not having a position on this financial instrument or a related financial instrument.
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