EUR/CHF - 1H - Technical analysis published on 08/23/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
44%
6%
50%
My opinion
Bearish under 0.9491 CHF
My targets
0.9457 CHF (-0.0013)
0.9373 CHF (-0.0097)
My analysis
The bearish basic trend is very strong on EUR/CHF but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.9491 CHF. Crossing the first support at 0.9457 CHF would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.9373 CHF as an objective. Crossing it would then enable sellers to target 0.9278 CHF. Caution, a return to above the resistance located at 0.9491 CHF would be a sign of a possible consolidation phase of the short-term basic trend. 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 opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
4.1
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Additional analysis
Quotes
The EUR/CHF price is 0.9470 CHF. The price registered an increase of +0.01% on the session and was between 0.9460 CHF and 0.9484 CHF. This implies that the price is at +0.11% from its lowest and at -0.15% from its highest.0.9460
0.9484
0.9470
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
A technical analysis in 1H of this EUR/CHF chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.9278 | 0.9457 | 0.9470 | 0.9491 | 0.9518 | 0.9546 |
| Change (%) | -2.03% | -0.14% | - | +0.22% | +0.51% | +0.80% |
| Change | -0.0192 | -0.0013 | - | +0.0021 | +0.0048 | +0.0076 |
| Level | Intermediate | Intermediate | - | Major | Intermediate | Minor |
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 | 0.9409 | 0.9433 | 0.9451 | 0.9475 | 0.9493 | 0.9517 | 0.9535 |
| Camarilla | 0.9458 | 0.9461 | 0.9465 | 0.9469 | 0.9473 | 0.9477 | 0.9481 |
| Woodie | 0.9406 | 0.9432 | 0.9448 | 0.9474 | 0.9490 | 0.9516 | 0.9532 |
| Fibonacci | 0.9433 | 0.9449 | 0.9459 | 0.9475 | 0.9491 | 0.9501 | 0.9517 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9314 | 0.9373 | 0.9463 | 0.9522 | 0.9612 | 0.9671 | 0.9761 |
| Camarilla | 0.9511 | 0.9525 | 0.9538 | 0.9552 | 0.9566 | 0.9579 | 0.9593 |
| Woodie | 0.9329 | 0.9381 | 0.9478 | 0.9530 | 0.9627 | 0.9679 | 0.9776 |
| Fibonacci | 0.9373 | 0.9430 | 0.9465 | 0.9522 | 0.9579 | 0.9614 | 0.9671 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9130 | 0.9313 | 0.9409 | 0.9592 | 0.9688 | 0.9871 | 0.9967 |
| Camarilla | 0.9429 | 0.9455 | 0.9480 | 0.9506 | 0.9532 | 0.9557 | 0.9583 |
| Woodie | 0.9088 | 0.9291 | 0.9367 | 0.9570 | 0.9646 | 0.9849 | 0.9925 |
| Fibonacci | 0.9313 | 0.9419 | 0.9485 | 0.9592 | 0.9698 | 0.9764 | 0.9871 |
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): | 47.10 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -4.0428 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 0.9470 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9460 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 0.9496 | |
| Zig ZAG (10): | 0.9473 | |
| VORTEX (21): | 1.0244 | |
| Stochastique (14,3,5): | 67.06 | |
| TEMA (21): | 0.9473 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | 0.0006 | |
| Repulse (5,40,3): | -0.0333 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0058 | |
| Courbe Coppock: | 0.12 |
| MA7: | 0.9517 | |
| MA20: | 0.9476 | |
| MA50: | 0.9580 | |
| MA100: | 0.9675 | |
| MAexp7: | 0.9473 | |
| MAexp20: | 0.9474 | |
| MAexp50: | 0.9483 | |
| MAexp100: | 0.9497 | |
| Price / MA7: | -0.49% | |
| Price / MA20: | -0.06% | |
| Price / MA50: | -1.15% | |
| Price / MA100: | -2.12% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.14% | |
| Price / MAexp100: | -0.28% |
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 August 22, 2024
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EUR/CHF Forecast August 16, 2024
-
EUR/CHF Forecast August 13, 2024
-
EUR/CHF Forecast July 19, 2024
-
EUR/CHF Forecast June 7, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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