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GBP/CHF
GBP CHF
- CHF (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: GBPCHF
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GBP/CHF - 1H - Technical analysis published on 02/28/2024 (GMT)

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  • 02/28/2024 - 21:11
Londinia
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  • Timeframe : 1H
  • - Analysis generated on 02/28/2024 - 21:11
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 1.1148 CHF
My targets
1.1096 CHF (-0.0030)
1.1077 CHF (-0.0049)
My analysis
The bearish trend is currently very strong for GBP/CHF. As long as the price remains below the resistance at 1.1148 CHF, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.1096 CHF. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.1077 CHF as an objective. Crossing it would then enable sellers to target 1.0914 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.8

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.

lapteve
This analysis was given by lapteve. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The GBP/CHF price is 1.1126 CHF. On the day, this instrument lost -0.18% with the lowest point at 1.1122 CHF and the highest point at 1.1153 CHF. The deviation from the price is +0.04% for the low point and -0.24% for the high point.

1.1122
1.1153
1.1126

Here is a more detailed summary of the historical variations registered by GBP/CHF:
Created with Raphaël 2.3.0-15-7.507.5January 1st3 years1 year6 months1 month5 daysToday
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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


A technical analysis in 1H of this GBP/CHF chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal support

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


S3S2S1PriceR1R2R3
ProTrendLines 1.0914 1.1077 1.1096 1.1126 1.1129 1.1148 1.1159
Change (%) -1.91% -0.44% -0.27% - +0.03% +0.20% +0.30%
Change -0.0212 -0.0049 -0.0030 - +0.0003 +0.0022 +0.0033
Level Minor Major Intermediate - Minor Intermediate Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.11031.11221.11341.11531.11651.11841.1196
Camarilla1.11381.11401.11431.11461.11491.11521.1155
Woodie1.11001.11201.11311.11511.11621.11821.1193
Fibonacci1.11221.11341.11411.11531.11651.11721.1184


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.10151.10501.11081.11431.12011.12361.1294
Camarilla1.11411.11501.11591.11671.11761.11841.1193
Woodie1.10281.10561.11211.11491.12141.12421.1307
Fibonacci1.10501.10851.11071.11431.11781.12001.1236


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.03451.05141.07241.08931.11031.12721.1482
Camarilla1.08311.08661.09001.09351.09701.10051.1039
Woodie1.03671.05241.07461.09031.11251.12821.1504
Fibonacci1.05141.06581.07481.08931.10371.11271.1272

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
Created with Raphaël 2.3.0Sell9
Moving averages
Created with Raphaël 2.3.0Sell26

RSI (14): 38.17
MACD (12,26,9): -0.0007
Directional Movement: -9.4692
AROON (14): -14.2857
DEMA (21): 1.1126
Parabolic SAR (0,02-0,02-0,2): 1.1135
Elder Ray (13): -0.0007
Super Trend (3,10): 1.1152
Zig ZAG (10): 1.1125
VORTEX (21): 0.8942
Stochastique (14,3,5): 8.60
TEMA (21): 1.1124
Williams %R (14): -90.32
Chande Momentum Oscillator (20): -0.0003
Repulse (5,40,3): -0.0169
ROCnROLL: 2
TRIX (15,9): -0.0081
Courbe Coppock: 0.26
MA7: 1.1141
MA20: 1.1075
MA50: 1.0964
MA100: 1.0992
MAexp7: 1.1128
MAexp20: 1.1134
MAexp50: 1.1143
MAexp100: 1.1144
Price / MA7: -0.13%
Price / MA20: +0.46%
Price / MA50: +1.48%
Price / MA100: +1.22%
Price / MAexp7: -0.02%
Price / MAexp20: -0.07%
Price / MAexp50: -0.15%
Price / MAexp100: -0.16%

Quotes : 02/28/2024 - 21:11 - Real time data - Forex

News


The last news published on GBP/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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Londinia
Londinia AI

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