GBP/CHF - 15 min. - Technical analysis published on 05/16/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
0%
44%
My opinion
Bullish above 1.1426 CHF
My targets
1.1457 CHF (+0.0021)
1.1484 CHF (+0.0048)
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 1.1426 CHF. The buyers' bullish objective is set at 1.1457 CHF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.1484 CHF. If there is any crossing, the next objective would be the resistance located at 1.1515 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.1
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This analysis was given by philiptino88. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/CHF rating is 1.1436 CHF. On the day, this instrument gained +0.06% with the lowest point at 1.1410 CHF and the highest point at 1.1442 CHF. The deviation from the price is +0.23% for the low point and -0.05% for the high point.1.1410
1.1442
1.1436
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/CHF:
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
Technical analysis of this 15 min. chart of GBP/CHF indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
White morning star
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.1375 | 1.1397 | 1.1418 | 1.1436 | 1.1458 | 1.1693 | 1.2155 |
| Change (%) | -0.53% | -0.34% | -0.16% | - | +0.19% | +2.25% | +6.29% |
| Change | -0.0061 | -0.0039 | -0.0018 | - | +0.0022 | +0.0257 | +0.0719 |
| Level | Minor | Major | Minor | - | 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 | 1.1341 | 1.1368 | 1.1399 | 1.1426 | 1.1457 | 1.1484 | 1.1515 |
| Camarilla | 1.1413 | 1.1418 | 1.1424 | 1.1429 | 1.1434 | 1.1440 | 1.1445 |
| Woodie | 1.1342 | 1.1369 | 1.1400 | 1.1427 | 1.1458 | 1.1485 | 1.1516 |
| Fibonacci | 1.1368 | 1.1391 | 1.1404 | 1.1426 | 1.1449 | 1.1462 | 1.1484 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1237 | 1.1279 | 1.1315 | 1.1357 | 1.1393 | 1.1435 | 1.1471 |
| Camarilla | 1.1331 | 1.1338 | 1.1345 | 1.1352 | 1.1359 | 1.1366 | 1.1374 |
| Woodie | 1.1235 | 1.1278 | 1.1313 | 1.1356 | 1.1391 | 1.1434 | 1.1469 |
| Fibonacci | 1.1279 | 1.1309 | 1.1327 | 1.1357 | 1.1387 | 1.1405 | 1.1435 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0945 | 1.1058 | 1.1271 | 1.1384 | 1.1597 | 1.1710 | 1.1923 |
| Camarilla | 1.1395 | 1.1425 | 1.1455 | 1.1485 | 1.1515 | 1.1545 | 1.1575 |
| Woodie | 1.0996 | 1.1083 | 1.1322 | 1.1409 | 1.1648 | 1.1735 | 1.1974 |
| Fibonacci | 1.1058 | 1.1182 | 1.1259 | 1.1384 | 1.1508 | 1.1585 | 1.1710 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.76 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 8.7238 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 1.1436 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1430 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 1.1417 | |
| Zig ZAG (10): | 1.1439 | |
| VORTEX (21): | 1.0807 | |
| Stochastique (14,3,5): | 70.93 | |
| TEMA (21): | 1.1438 | |
| Williams %R (14): | -27.78 | |
| Chande Momentum Oscillator (20): | 0.0006 | |
| Repulse (5,40,3): | 0.0184 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0029 | |
| Courbe Coppock: | 0.20 |
| MA7: | 1.1389 | |
| MA20: | 1.1388 | |
| MA50: | 1.1367 | |
| MA100: | 1.1186 | |
| MAexp7: | 1.1436 | |
| MAexp20: | 1.1432 | |
| MAexp50: | 1.1430 | |
| MAexp100: | 1.1428 | |
| Price / MA7: | +0.41% | |
| Price / MA20: | +0.42% | |
| Price / MA50: | +0.61% | |
| Price / MA100: | +2.23% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | +0.06% |
Quotes :
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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:
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GBP/CHF Forecast May 16, 2024
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GBP/CHF Forecast May 14, 2024
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GBP/CHF Forecast May 10, 2024
-
GBP/CHF Forecast May 7, 2024
-
GBP/CHF Forecast April 16, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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