GBP/CHF - 1H - Technical analysis published on 02/27/2024 (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:
Bullish
Underlying:
Bullish
Technical indicators
50%
22%
28%
My opinion
Bullish above 1.1120 CHF
My targets
1.1174 CHF (+0.0015)
1.1231 CHF (+0.0072)
My analysis
A bullish trend on GBP/CHF both in substance and in the short term. A purchase could be considered as long as the price remains above 1.1120 CHF. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 1.1174 CHF. Then the price could move towards 1.1231 CHF. Then 1.1338 CHF by extension. Be careful, a return below 1.1120 CHF would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
4.1
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/CHF price is 1.1159 CHF. On the day, this instrument lost -0.03% with the lowest point at 1.1143 CHF and the highest point at 1.1172 CHF. The deviation from the price is +0.14% for the low point and -0.12% for the high point.1.1143
1.1172
1.1159
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
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 (1 year)
Type : Bearish
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 GBP/CHF in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.1096 | 1.1120 | 1.1148 | 1.1159 | 1.1174 | 1.1231 | 1.1338 |
| Change (%) | -0.56% | -0.35% | -0.10% | - | +0.13% | +0.65% | +1.60% |
| Change | -0.0063 | -0.0039 | -0.0011 | - | +0.0015 | +0.0072 | +0.0179 |
| Level | Major | Minor | Intermediate | - | Major | Minor | 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 | 1.1115 | 1.1130 | 1.1146 | 1.1161 | 1.1177 | 1.1192 | 1.1208 |
| Camarilla | 1.1154 | 1.1156 | 1.1159 | 1.1162 | 1.1165 | 1.1168 | 1.1171 |
| Woodie | 1.1116 | 1.1130 | 1.1147 | 1.1161 | 1.1178 | 1.1192 | 1.1209 |
| Fibonacci | 1.1130 | 1.1142 | 1.1149 | 1.1161 | 1.1173 | 1.1180 | 1.1192 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1015 | 1.1050 | 1.1108 | 1.1143 | 1.1201 | 1.1236 | 1.1294 |
| Camarilla | 1.1141 | 1.1150 | 1.1159 | 1.1167 | 1.1176 | 1.1184 | 1.1193 |
| Woodie | 1.1028 | 1.1056 | 1.1121 | 1.1149 | 1.1214 | 1.1242 | 1.1307 |
| Fibonacci | 1.1050 | 1.1085 | 1.1107 | 1.1143 | 1.1178 | 1.1200 | 1.1236 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0345 | 1.0514 | 1.0724 | 1.0893 | 1.1103 | 1.1272 | 1.1482 |
| Camarilla | 1.0831 | 1.0866 | 1.0900 | 1.0935 | 1.0970 | 1.1005 | 1.1039 |
| Woodie | 1.0367 | 1.0524 | 1.0746 | 1.0903 | 1.1125 | 1.1282 | 1.1504 |
| Fibonacci | 1.0514 | 1.0658 | 1.0748 | 1.0893 | 1.1037 | 1.1127 | 1.1272 |
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): | 50.03 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -5.3458 | |
| AROON (14): | -7.1429 | |
| DEMA (21): | 1.1156 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1169 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 1.1140 | |
| Zig ZAG (10): | 1.1157 | |
| VORTEX (21): | 0.9784 | |
| Stochastique (14,3,5): | 56.32 | |
| TEMA (21): | 1.1155 | |
| Williams %R (14): | -51.72 | |
| Chande Momentum Oscillator (20): | 0.0002 | |
| Repulse (5,40,3): | 0.0232 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0019 | |
| Courbe Coppock: | 0.03 |
| MA7: | 1.1142 | |
| MA20: | 1.1066 | |
| MA50: | 1.0961 | |
| MA100: | 1.0992 | |
| MAexp7: | 1.1157 | |
| MAexp20: | 1.1158 | |
| MAexp50: | 1.1157 | |
| MAexp100: | 1.1150 | |
| Price / MA7: | +0.15% | |
| Price / MA20: | +0.84% | |
| Price / MA50: | +1.81% | |
| Price / MA100: | +1.52% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | +0.08% |
Quotes :
-
Real time data
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Forex
News
Don't forget to follow the news on GBP/CHF. At the time of publication of this analysis, the latest news was as follows:
-
GBP/CHF Forecast December 14, 2023
-
GBP/CHF Forecast December24, 2021
-
Weekly Technical Analysis: 23/07/2019 - USDJPY, GBPCHF, NZDUSD
-
GBP/CHF Is a Preferred Setup Because of its Lack of Key Events (Quick Take Video)
This member declared not having a position on this financial instrument or a related financial instrument.
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