GBP/CHF - 1H - Technical analysis published on 03/21/2024 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
17%
11%
My opinion
Bullish above 1.1348 CHF
My targets
1.1458 CHF (+0.0059)
1.1560 CHF (+0.0161)
My analysis
The bullish trend is currently very strong on GBP/CHF. As long as the price remains above the support at 1.1348 CHF, you could try to benefit from the boom. The first bullish objective is located at 1.1458 CHF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.1560 CHF as an objective. Crossing it would then enable buyers to target 1.1693 CHF. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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This analysis was given by edinag023. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/CHF rating is 1.1399 CHF. The price has increased by +0.57% since the last closing and was traded between 1.1311 CHF and 1.1460 CHF over the period. The price is currently at +0.78% from its lowest and -0.53% from its highest.1.1311
1.1460
1.1399
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/CHF chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.1308 | 1.1336 | 1.1348 | 1.1399 | 1.1458 | 1.1693 | 1.2183 |
| Change (%) | -0.80% | -0.55% | -0.45% | - | +0.52% | +2.58% | +6.88% |
| Change | -0.0091 | -0.0063 | -0.0051 | - | +0.0059 | +0.0294 | +0.0784 |
| Level | Minor | Minor | Intermediate | - | Major | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1251 | 1.1273 | 1.1304 | 1.1326 | 1.1357 | 1.1379 | 1.1410 |
| Camarilla | 1.1320 | 1.1325 | 1.1330 | 1.1335 | 1.1340 | 1.1345 | 1.1350 |
| Woodie | 1.1256 | 1.1275 | 1.1309 | 1.1328 | 1.1362 | 1.1381 | 1.1415 |
| Fibonacci | 1.1273 | 1.1293 | 1.1306 | 1.1326 | 1.1346 | 1.1359 | 1.1379 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1102 | 1.1149 | 1.1192 | 1.1239 | 1.1282 | 1.1329 | 1.1372 |
| Camarilla | 1.1209 | 1.1218 | 1.1226 | 1.1234 | 1.1242 | 1.1251 | 1.1259 |
| Woodie | 1.1099 | 1.1148 | 1.1189 | 1.1238 | 1.1279 | 1.1328 | 1.1369 |
| Fibonacci | 1.1149 | 1.1184 | 1.1205 | 1.1239 | 1.1274 | 1.1295 | 1.1329 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 59.94 | |
| MACD (12,26,9): | 0.0020 | |
| Directional Movement: | 18.5998 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 1.1376 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1323 | |
| Elder Ray (13): | 0.0014 | |
| Super Trend (3,10): | 1.1348 | |
| Zig ZAG (10): | 1.1375 | |
| VORTEX (21): | 1.1106 | |
| Stochastique (14,3,5): | 49.22 | |
| TEMA (21): | 1.1386 | |
| Williams %R (14): | -58.39 | |
| Chande Momentum Oscillator (20): | 0.0050 | |
| Repulse (5,40,3): | -0.1434 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0177 | |
| Courbe Coppock: | 0.85 |
| MA7: | 1.1295 | |
| MA20: | 1.1234 | |
| MA50: | 1.1103 | |
| MA100: | 1.1041 | |
| MAexp7: | 1.1380 | |
| MAexp20: | 1.1353 | |
| MAexp50: | 1.1327 | |
| MAexp100: | 1.1305 | |
| Price / MA7: | +0.92% | |
| Price / MA20: | +1.47% | |
| Price / MA50: | +2.67% | |
| Price / MA100: | +3.24% | |
| Price / MAexp7: | +0.17% | |
| Price / MAexp20: | +0.41% | |
| Price / MAexp50: | +0.64% | |
| Price / MAexp100: | +0.83% |
Quotes :
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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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