GBP/CHF - 1H - Technical analysis published on 03/14/2024 (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:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 1.1242 CHF
My targets
1.1290 CHF (+0.0023)
1.1336 CHF (+0.0069)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GBP/CHF as long as the price remains well above 1.1242 CHF. The buyers' bullish objective is set at 1.1290 CHF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.1336 CHF. If there is any crossing, the next objective would be the resistance located at 1.1458 CHF. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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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 1.1267 CHF. The price registered an increase of +0.21% on the session and was between 1.1241 CHF and 1.1275 CHF. This implies that the price is at +0.23% from its lowest and at -0.07% from its highest.1.1241
1.1275
1.1267
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
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 a strongly overall bullish trend. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.1197 | 1.1216 | 1.1242 | 1.1267 | 1.1268 | 1.1290 | 1.1336 |
| Change (%) | -0.62% | -0.45% | -0.22% | - | +0.01% | +0.20% | +0.61% |
| Change | -0.0070 | -0.0051 | -0.0025 | - | +0.0001 | +0.0023 | +0.0069 |
| Level | Minor | Major | Intermediate | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1184 | 1.1200 | 1.1222 | 1.1238 | 1.1260 | 1.1276 | 1.1298 |
| Camarilla | 1.1234 | 1.1237 | 1.1241 | 1.1244 | 1.1248 | 1.1251 | 1.1255 |
| Woodie | 1.1187 | 1.1202 | 1.1225 | 1.1240 | 1.1263 | 1.1278 | 1.1301 |
| Fibonacci | 1.1200 | 1.1215 | 1.1224 | 1.1238 | 1.1253 | 1.1262 | 1.1276 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1067 | 1.1114 | 1.1196 | 1.1243 | 1.1325 | 1.1372 | 1.1454 |
| Camarilla | 1.1243 | 1.1254 | 1.1266 | 1.1278 | 1.1290 | 1.1302 | 1.1314 |
| Woodie | 1.1085 | 1.1123 | 1.1214 | 1.1252 | 1.1343 | 1.1381 | 1.1472 |
| Fibonacci | 1.1114 | 1.1163 | 1.1194 | 1.1243 | 1.1292 | 1.1323 | 1.1372 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0690 | 1.0793 | 1.0980 | 1.1083 | 1.1270 | 1.1373 | 1.1560 |
| Camarilla | 1.1088 | 1.1115 | 1.1141 | 1.1168 | 1.1195 | 1.1221 | 1.1248 |
| Woodie | 1.0733 | 1.0814 | 1.1023 | 1.1104 | 1.1313 | 1.1394 | 1.1603 |
| Fibonacci | 1.0793 | 1.0903 | 1.0972 | 1.1083 | 1.1193 | 1.1262 | 1.1373 |
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): | 73.18 | |
| MACD (12,26,9): | 0.0007 | |
| Directional Movement: | 21.6640 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 1.1256 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1243 | |
| Elder Ray (13): | 0.0019 | |
| Super Trend (3,10): | 1.1244 | |
| Zig ZAG (10): | 1.1271 | |
| VORTEX (21): | 1.1566 | |
| Stochastique (14,3,5): | 91.35 | |
| TEMA (21): | 1.1261 | |
| Williams %R (14): | -15.38 | |
| Chande Momentum Oscillator (20): | 0.0023 | |
| Repulse (5,40,3): | 0.1311 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0067 | |
| Courbe Coppock: | 0.33 |
| MA7: | 1.1248 | |
| MA20: | 1.1188 | |
| MA50: | 1.1055 | |
| MA100: | 1.1023 | |
| MAexp7: | 1.1257 | |
| MAexp20: | 1.1247 | |
| MAexp50: | 1.1241 | |
| MAexp100: | 1.1238 | |
| Price / MA7: | +0.17% | |
| Price / MA20: | +0.71% | |
| Price / MA50: | +1.92% | |
| Price / MA100: | +2.21% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.18% | |
| Price / MAexp50: | +0.23% | |
| Price / MAexp100: | +0.26% |
Quotes :
-
Real time data
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Forex
News
The latest news and videos published on GBP/CHF at the time of the analysis were 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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