EUR/CHF - 1H - Technical analysis published on 11/16/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 0.9649 CHF
My targets
0.9619 CHF (-0.0009)
0.9609 CHF (-0.0019)
My analysis
The bearish trend is currently very strong for EUR/CHF. As long as the price remains below the resistance at 0.9649 CHF, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.9619 CHF. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.9609 CHF as an objective. Crossing it would then enable sellers to target 0.9598 CHF. 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.
In the very short term, technical indicators are neutral, 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 Elly87653. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/CHF rating 0.9628 CHF. On the day, this instrument lost -0.01% with the lowest point at 0.9625 CHF and the highest point at 0.9634 CHF. The deviation from the price is +0.03% for the low point and -0.06% for the high point.0.9625
0.9634
0.9628
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
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
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
Technical analysis of this 1H chart of EUR/CHF indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 5 are bullish, 3 are neutral and 10 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
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 | 0.9609 | 0.9619 | 0.9627 | 0.9628 | 0.9649 | 0.9661 | 0.9680 |
| Change (%) | -0.20% | -0.09% | -0.01% | - | +0.22% | +0.34% | +0.54% |
| Change | -0.0019 | -0.0009 | -0.0001 | - | +0.0021 | +0.0033 | +0.0052 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9558 | 0.9591 | 0.9610 | 0.9643 | 0.9662 | 0.9695 | 0.9714 |
| Camarilla | 0.9615 | 0.9620 | 0.9624 | 0.9629 | 0.9634 | 0.9639 | 0.9643 |
| Woodie | 0.9551 | 0.9588 | 0.9603 | 0.9640 | 0.9655 | 0.9692 | 0.9707 |
| Fibonacci | 0.9591 | 0.9611 | 0.9623 | 0.9643 | 0.9663 | 0.9675 | 0.9695 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9547 | 0.9572 | 0.9605 | 0.9630 | 0.9663 | 0.9688 | 0.9721 |
| Camarilla | 0.9623 | 0.9628 | 0.9634 | 0.9639 | 0.9644 | 0.9650 | 0.9655 |
| Woodie | 0.9552 | 0.9574 | 0.9610 | 0.9632 | 0.9668 | 0.9690 | 0.9726 |
| Fibonacci | 0.9572 | 0.9594 | 0.9608 | 0.9630 | 0.9652 | 0.9666 | 0.9688 |
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 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): | 34.18 | |
| MACD (12,26,9): | -0.0007 | |
| Directional Movement: | -16.6315 | |
| AROON (14): | 0 | |
| DEMA (21): | 0.9626 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9637 | |
| Elder Ray (13): | -0.0004 | |
| Super Trend (3,10): | 0.9648 | |
| Zig ZAG (10): | 0.9628 | |
| VORTEX (21): | 0.8503 | |
| Stochastique (14,3,5): | 23.10 | |
| TEMA (21): | 0.9623 | |
| Williams %R (14): | -73.33 | |
| Chande Momentum Oscillator (20): | -0.0001 | |
| Repulse (5,40,3): | -0.0050 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0119 | |
| Courbe Coppock: | 0.20 |
| MA7: | 0.9640 | |
| MA20: | 0.9586 | |
| MA50: | 0.9588 | |
| MA100: | 0.9601 | |
| MAexp7: | 0.9630 | |
| MAexp20: | 0.9636 | |
| MAexp50: | 0.9644 | |
| MAexp100: | 0.9645 | |
| Price / MA7: | -0.12% | |
| Price / MA20: | +0.44% | |
| Price / MA50: | +0.42% | |
| Price / MA100: | +0.28% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.17% | |
| Price / MAexp100: | -0.18% |
Quotes :
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Real time data
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Forex
News
The last news published on EUR/CHF at the time of the generation of this analysis was as follows:
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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
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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.
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