EUR/CHF

- CHF (-)

- Real time data - Forex

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Type:	Forex
Ticker:	EURCHF
ISIN:

EUR/CHF - 1H - Technical analysis published on 10/22/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

61%

39%

My opinion

Bearish under 0.9406 CHF

My targets

0.9353 CHF (-0.0016)

0.9278 CHF (-0.0091)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on EUR/CHF. As long as you are under the resistance located at 0.9406 CHF, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.9353 CHF would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.9278 CHF as an objective. If the resistance 0.9406 CHF were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

1.3

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

Additional analysis

Quotes

EUR/CHF rating 0.9369 CHF. On the day, this instrument gained +0.09% and was traded between 0.9355 CHF and 0.9376 CHF over the period. The price is currently at +0.15% from its lowest and -0.07% from its highest.

0.9355

0.9376

0.9369

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of EUR/CHF in 1H shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

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	0.9344	0.9353	0.9364	0.9369	0.9378	0.9406	0.9428
Change (%)	-0.27%	-0.17%	-0.05%	-	+0.10%	+0.39%	+0.63%
Change	-0.0025	-0.0016	-0.0005	-	+0.0009	+0.0037	+0.0059
Level	Minor	Intermediate	Major	-	Intermediate	Intermediate	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.9302	0.9330	0.9346	0.9374	0.9390	0.9418	0.9434
Camarilla	0.9349	0.9353	0.9357	0.9361	0.9365	0.9369	0.9373
Woodie	0.9295	0.9327	0.9339	0.9371	0.9383	0.9415	0.9427
Fibonacci	0.9330	0.9347	0.9358	0.9374	0.9391	0.9402	0.9418

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.9282	0.9318	0.9357	0.9393	0.9432	0.9468	0.9507
Camarilla	0.9376	0.9383	0.9390	0.9397	0.9404	0.9411	0.9418
Woodie	0.9285	0.9319	0.9360	0.9394	0.9435	0.9469	0.9510
Fibonacci	0.9318	0.9346	0.9364	0.9393	0.9421	0.9439	0.9468

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.9111	0.9209	0.9312	0.9410	0.9513	0.9611	0.9714
Camarilla	0.9360	0.9378	0.9397	0.9415	0.9433	0.9452	0.9470
Woodie	0.9114	0.9210	0.9315	0.9411	0.9516	0.9612	0.9717
Fibonacci	0.9209	0.9286	0.9333	0.9410	0.9487	0.9534	0.9611

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):	48.21
MACD (12,26,9):	-0.0004
Directional Movement:	3.2212
AROON (14):	42.8571
DEMA (21):	0.9362
Parabolic SAR (0,02-0,02-0,2):	0.9358
Elder Ray (13):	0.0005
Super Trend (3,10):	0.9376
Zig ZAG (10):	0.9369
VORTEX (21):	0.9735
Stochastique (14,3,5):	79.68
TEMA (21):	0.9362
Williams %R (14):	-33.33
Chande Momentum Oscillator (20):	0.0000
Repulse (5,40,3):	0.0693
ROCnROLL:	-1
TRIX (15,9):	-0.0102
Courbe Coppock:	0.06

MA7:	0.9386
MA20:	0.9397
MA50:	0.9419
MA100:	0.9510
MAexp7:	0.9366
MAexp20:	0.9368
MAexp50:	0.9376
MAexp100:	0.9383
Price / MA7:	-0.18%
Price / MA20:	-0.30%
Price / MA50:	-0.53%
Price / MA100:	-1.48%
Price / MAexp7:	+0.03%
Price / MAexp20:	+0.01%
Price / MAexp50:	-0.07%
Price / MAexp100:	-0.15%

Quotes : - Real time data - Forex

News

The last news published on EUR/CHF at the time of the generation of this analysis was as follows:

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

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