GBP/CHF

- CHF (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	GBPCHF
ISIN:

GBP/CHF - Daily - Technical analysis published on 07/29/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bearish

Technical indicators

22%

72%

My opinion

Bearish under 1.1458 CHF

My targets

1.1234 CHF (-0.0124)

1.1077 CHF (-0.0281)

My analysis

The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on GBP/CHF as long as the price remains well below 1.1458 CHF. The next bearish objective for sellers is set at 1.1234 CHF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.1077 CHF. In case of crossing, the next objective would be the support located at 1.0914 CHF.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

4.5

Comment on the analysis

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.

This analysis was given by Edd8011. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GBP/CHF rating is 1.1358 CHF. The price is lower by -0.14% since the last closing with the lowest point at 1.1333 CHF and the highest point at 1.1384 CHF. The deviation from the price is +0.22% for the low point and -0.23% for the high point.

1.1333

1.1384

1.1358

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this GBP/CHF chart shows a slightly bearish trend. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Ichimoku - Bearish crossover : Tenkan & Kijun

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal support

Type : Bullish

Timeframe : Daily

Near support of triangle

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Bearish harami

Type : Bearish

Timeframe : Daily

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.1077	1.1234	1.1345	1.1358	1.1458	1.1693	1.2155
Change (%)	-2.47%	-1.09%	-0.11%	-	+0.88%	+2.95%	+7.02%
Change	-0.0281	-0.0124	-0.0013	-	+0.0100	+0.0335	+0.0797
Level	Intermediate	Intermediate	Intermediate	-	Major	Major	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	1.1279	1.1299	1.1337	1.1357	1.1395	1.1415	1.1453
Camarilla	1.1358	1.1363	1.1369	1.1374	1.1379	1.1385	1.1390
Woodie	1.1287	1.1304	1.1345	1.1362	1.1403	1.1420	1.1461
Fibonacci	1.1299	1.1322	1.1335	1.1357	1.1380	1.1393	1.1415

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.1053	1.1176	1.1275	1.1398	1.1497	1.1620	1.1719
Camarilla	1.1313	1.1333	1.1354	1.1374	1.1394	1.1415	1.1435
Woodie	1.1041	1.1170	1.1263	1.1392	1.1485	1.1614	1.1707
Fibonacci	1.1176	1.1261	1.1313	1.1398	1.1483	1.1535	1.1620

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.0930	1.1075	1.1219	1.1364	1.1508	1.1653	1.1797
Camarilla	1.1285	1.1311	1.1338	1.1364	1.1391	1.1417	1.1444
Woodie	1.0931	1.1075	1.1220	1.1364	1.1509	1.1653	1.1798
Fibonacci	1.1075	1.1185	1.1253	1.1364	1.1474	1.1542	1.1653

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):	40.39
MACD (12,26,9):	-0.0012
Directional Movement:	-15.5711
AROON (14):	-57.1429
DEMA (21):	1.1445
Parabolic SAR (0,02-0,02-0,2):	1.1510
Elder Ray (13):	-0.0083
Super Trend (3,10):	1.1548
Zig ZAG (10):	1.1360
VORTEX (21):	0.9874
Stochastique (14,3,5):	15.67
TEMA (21):	1.1423
Williams %R (14):	-81.74
Chande Momentum Oscillator (20):	-0.0222
Repulse (5,40,3):	-0.3164
ROCnROLL:	2
TRIX (15,9):	0.0205
Courbe Coppock:	1.43

MA7:	1.1422
MA20:	1.1489
MA50:	1.1454
MA100:	1.1417
MAexp7:	1.1411
MAexp20:	1.1450
MAexp50:	1.1438
MAexp100:	1.1384
Price / MA7:	-0.56%
Price / MA20:	-1.14%
Price / MA50:	-0.84%
Price / MA100:	-0.52%
Price / MAexp7:	-0.46%
Price / MAexp20:	-0.80%
Price / MAexp50:	-0.70%
Price / MAexp100:	-0.23%

Quotes : - Real time data - Forex

News

The latest news and videos published on GBP/CHF at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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