EUR/CHF

- CHF (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	EURCHF
ISIN:

EUR/CHF - Daily - Technical analysis published on 03/20/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 0.9535 CHF

My targets

0.9810 CHF (+0.0146)

1.0071 CHF (+0.0407)

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 0.9535 CHF. The next resistance located at 0.9810 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 1.0071 CHF. After this resistance, buyers could then target 1.0265 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

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

Additional analysis

Quotes

The EUR/CHF rating is 0.9664 CHF. The price has increased by +0.14% since the last closing and was traded between 0.9651 CHF and 0.9665 CHF over the period. The price is currently at +0.13% from its lowest and -0.01% from its highest.

0.9651

0.9665

0.9664

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of EUR/CHF in Daily shows a strongly overall bullish trend. 89.29% 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 scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

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 found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.9491	0.9535	0.9629	0.9664	0.9680	0.9810	1.0071
Change (%)	-1.79%	-1.33%	-0.36%	-	+0.17%	+1.51%	+4.21%
Change	-0.0173	-0.0129	-0.0035	-	+0.0016	+0.0146	+0.0407
Level	Major	Major	Minor	-	Major	Minor	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.9581	0.9600	0.9626	0.9645	0.9671	0.9690	0.9716
Camarilla	0.9639	0.9643	0.9647	0.9651	0.9655	0.9659	0.9663
Woodie	0.9584	0.9602	0.9629	0.9647	0.9674	0.9692	0.9719
Fibonacci	0.9600	0.9618	0.9628	0.9645	0.9663	0.9673	0.9690

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.9521	0.9545	0.9582	0.9606	0.9643	0.9667	0.9704
Camarilla	0.9601	0.9607	0.9612	0.9618	0.9624	0.9629	0.9635
Woodie	0.9527	0.9548	0.9588	0.9609	0.9649	0.9670	0.9710
Fibonacci	0.9545	0.9569	0.9583	0.9606	0.9630	0.9644	0.9667

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.9136	0.9222	0.9389	0.9475	0.9642	0.9728	0.9895
Camarilla	0.9487	0.9511	0.9534	0.9557	0.9580	0.9603	0.9627
Woodie	0.9178	0.9242	0.9431	0.9495	0.9684	0.9748	0.9937
Fibonacci	0.9222	0.9318	0.9378	0.9475	0.9571	0.9631	0.9728

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):	73.32
MACD (12,26,9):	0.0046
Directional Movement:	16.6542
AROON (14):	92.8571
DEMA (21):	0.9651
Parabolic SAR (0,02-0,02-0,2):	0.9583
Elder Ray (13):	0.0044
Super Trend (3,10):	0.9552
Zig ZAG (10):	0.9663
VORTEX (21):	1.1899
Stochastique (14,3,5):	95.23
TEMA (21):	0.9665
Williams %R (14):	-0.91
Chande Momentum Oscillator (20):	0.0056
Repulse (5,40,3):	0.5202
ROCnROLL:	1
TRIX (15,9):	0.0712
Courbe Coppock:	1.74

MA7:	0.9631
MA20:	0.9591
MA50:	0.9485
MA100:	0.9496
MAexp7:	0.9636
MAexp20:	0.9590
MAexp50:	0.9527
MAexp100:	0.9518
Price / MA7:	+0.34%
Price / MA20:	+0.76%
Price / MA50:	+1.89%
Price / MA100:	+1.77%
Price / MAexp7:	+0.29%
Price / MAexp20:	+0.77%
Price / MAexp50:	+1.44%
Price / MAexp100:	+1.53%

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:

This member declared not having a position on this financial instrument or a related financial instrument.

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