EUR/CHF - 1H - Technical analysis published on 02/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 0.9535 CHF
My targets
0.9504 CHF (-0.0014)
0.9491 CHF (-0.0027)
My analysis
The bearish trend is currently very strong for EUR/CHF. As long as the price remains below the resistance at 0.9535 CHF, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.9504 CHF. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.9491 CHF as an objective. Crossing it would then enable sellers to target 0.9485 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7
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This analysis was given by lapteve. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/CHF rating 0.9518 CHF. The price registered a decrease of -0.06% on the session with the lowest point at 0.9514 CHF and the highest point at 0.9525 CHF. The deviation from the price is +0.04% for the low point and -0.07% for the high point.0.9514
0.9525
0.9518
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
Here is a more detailed summary of the historical variations registered by EUR/CHF:
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/CHF in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 5 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.9497 | 0.9504 | 0.9516 | 0.9518 | 0.9526 | 0.9535 | 0.9543 |
| Change (%) | -0.22% | -0.15% | -0.02% | - | +0.08% | +0.18% | +0.26% |
| Change | -0.0021 | -0.0014 | -0.0002 | - | +0.0008 | +0.0017 | +0.0025 |
| Level | Intermediate | Minor | Major | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9484 | 0.9498 | 0.9511 | 0.9525 | 0.9538 | 0.9552 | 0.9565 |
| Camarilla | 0.9517 | 0.9519 | 0.9522 | 0.9524 | 0.9527 | 0.9529 | 0.9531 |
| Woodie | 0.9484 | 0.9498 | 0.9511 | 0.9525 | 0.9538 | 0.9552 | 0.9565 |
| Fibonacci | 0.9498 | 0.9508 | 0.9515 | 0.9525 | 0.9535 | 0.9542 | 0.9552 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9439 | 0.9462 | 0.9498 | 0.9521 | 0.9557 | 0.9580 | 0.9616 |
| Camarilla | 0.9519 | 0.9524 | 0.9530 | 0.9535 | 0.9540 | 0.9546 | 0.9551 |
| Woodie | 0.9447 | 0.9465 | 0.9506 | 0.9524 | 0.9565 | 0.9583 | 0.9624 |
| Fibonacci | 0.9462 | 0.9484 | 0.9498 | 0.9521 | 0.9543 | 0.9557 | 0.9580 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9031 | 0.9150 | 0.9234 | 0.9353 | 0.9437 | 0.9556 | 0.9640 |
| Camarilla | 0.9261 | 0.9280 | 0.9298 | 0.9317 | 0.9336 | 0.9354 | 0.9373 |
| Woodie | 0.9013 | 0.9141 | 0.9216 | 0.9344 | 0.9419 | 0.9547 | 0.9622 |
| Fibonacci | 0.9150 | 0.9228 | 0.9276 | 0.9353 | 0.9431 | 0.9479 | 0.9556 |
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): | 40.63 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -6.3882 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 0.9519 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9536 | |
| Elder Ray (13): | -0.0005 | |
| Super Trend (3,10): | 0.9537 | |
| Zig ZAG (10): | 0.9518 | |
| VORTEX (21): | 0.9244 | |
| Stochastique (14,3,5): | 11.85 | |
| TEMA (21): | 0.9519 | |
| Williams %R (14): | -84.00 | |
| Chande Momentum Oscillator (20): | -0.0017 | |
| Repulse (5,40,3): | -0.0231 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0052 | |
| Courbe Coppock: | 0.11 |
| MA7: | 0.9528 | |
| MA20: | 0.9474 | |
| MA50: | 0.9409 | |
| MA100: | 0.9481 | |
| MAexp7: | 0.9520 | |
| MAexp20: | 0.9524 | |
| MAexp50: | 0.9530 | |
| MAexp100: | 0.9531 | |
| Price / MA7: | -0.10% | |
| Price / MA20: | +0.46% | |
| Price / MA50: | +1.16% | |
| Price / MA100: | +0.39% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.13% | |
| Price / MAexp100: | -0.14% |
Quotes :
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Real time data
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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:
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EUR/CHF Forecast November 8, 2022
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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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