GBP/CHF - 1H - Technical analysis published on 04/01/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 1.1401 CHF
My targets
1.1364 CHF (-0.0014)
1.1348 CHF (-0.0030)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on GBP/CHF as long as the price remains well below 1.1401 CHF. The next bearish objective for sellers is set at 1.1364 CHF. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 1.1348 CHF. If there is any crossing, the next objective would be the support located at 1.1296 CHF. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3.4
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This analysis was given by Bader almutairi. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/CHF rating 1.1378 CHF. The price is lower by -0.06% since the last closing and was between 1.1346 CHF and 1.1401 CHF. This implies that the price is at +0.28% from its lowest and at -0.20% from its highest.1.1346
1.1401
1.1378
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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 HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
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 bearish trend. 64.29% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 7 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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 | 1.1296 | 1.1348 | 1.1364 | 1.1378 | 1.1381 | 1.1401 | 1.1414 |
| Change (%) | -0.72% | -0.26% | -0.12% | - | +0.03% | +0.20% | +0.32% |
| Change | -0.0082 | -0.0030 | -0.0014 | - | +0.0003 | +0.0023 | +0.0036 |
| Level | Major | Minor | Intermediate | - | Minor | Intermediate | 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 | 1.1294 | 1.1320 | 1.1349 | 1.1375 | 1.1404 | 1.1430 | 1.1459 |
| Camarilla | 1.1363 | 1.1368 | 1.1373 | 1.1378 | 1.1383 | 1.1388 | 1.1393 |
| Woodie | 1.1296 | 1.1321 | 1.1351 | 1.1376 | 1.1406 | 1.1431 | 1.1461 |
| Fibonacci | 1.1320 | 1.1341 | 1.1354 | 1.1375 | 1.1396 | 1.1409 | 1.1430 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1149 | 1.1223 | 1.1304 | 1.1378 | 1.1459 | 1.1533 | 1.1614 |
| Camarilla | 1.1342 | 1.1357 | 1.1371 | 1.1385 | 1.1399 | 1.1413 | 1.1428 |
| Woodie | 1.1153 | 1.1225 | 1.1308 | 1.1380 | 1.1463 | 1.1535 | 1.1618 |
| Fibonacci | 1.1223 | 1.1282 | 1.1319 | 1.1378 | 1.1437 | 1.1474 | 1.1533 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0912 | 1.1036 | 1.1211 | 1.1335 | 1.1510 | 1.1634 | 1.1809 |
| Camarilla | 1.1303 | 1.1330 | 1.1358 | 1.1385 | 1.1412 | 1.1440 | 1.1467 |
| Woodie | 1.0937 | 1.1049 | 1.1236 | 1.1348 | 1.1535 | 1.1647 | 1.1834 |
| Fibonacci | 1.1036 | 1.1151 | 1.1221 | 1.1335 | 1.1450 | 1.1520 | 1.1634 |
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): | 44.55 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -12.7832 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 1.1388 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1361 | |
| Elder Ray (13): | -0.0003 | |
| Super Trend (3,10): | 1.1413 | |
| Zig ZAG (10): | 1.1386 | |
| VORTEX (21): | 1.0609 | |
| Stochastique (14,3,5): | 73.33 | |
| TEMA (21): | 1.1391 | |
| Williams %R (14): | -30.91 | |
| Chande Momentum Oscillator (20): | -0.0001 | |
| Repulse (5,40,3): | -0.0375 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.03 |
| MA7: | 1.1379 | |
| MA20: | 1.1308 | |
| MA50: | 1.1162 | |
| MA100: | 1.1063 | |
| MAexp7: | 1.1388 | |
| MAexp20: | 1.1389 | |
| MAexp50: | 1.1392 | |
| MAexp100: | 1.1389 | |
| Price / MA7: | -0.01% | |
| Price / MA20: | +0.62% | |
| Price / MA50: | +1.94% | |
| Price / MA100: | +2.85% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.10% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | -0.10% |
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 March 29, 2024
-
GBP/CHF Forecast March 22, 2024
-
GBP/CHF Forecast December 14, 2023
-
GBP/CHF Forecast December24, 2021
-
Weekly Technical Analysis: 23/07/2019 - USDJPY, GBPCHF, NZDUSD
This member declared not having a position on this financial instrument or a related financial instrument.
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