GBP/CHF

- CHF (-)

- Real time data - Forex

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Change:	-
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High / Low range:	-

Type:	Forex
Ticker:	GBPCHF
ISIN:

GBP/CHF - 1H - Technical analysis published on 08/01/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

56%

22%

My opinion

Bearish under 1.1234 CHF

My targets

1.1176 CHF (-0.0041)

1.1077 CHF (-0.0140)

My analysis

GBP/CHF is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.1234 CHF. The next support located at 1.1176 CHF is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.1077 CHF. Below this support, sellers could then target 1.0914 CHF. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

7.1

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 shadybhai. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

GBP/CHF rating 1.1217 CHF. The price is lower by -0.63% since the last closing and was between 1.1181 CHF and 1.1288 CHF. This implies that the price is at +0.32% from its lowest and at -0.63% from its highest.

1.1181

1.1288

1.1217

Here is a more detailed summary of the historical variations registered by GBP/CHF:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of GBP/CHF indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.0717	1.0914	1.1077	1.1217	1.1234	1.1258	1.1278
Change (%)	-4.46%	-2.70%	-1.25%	-	+0.15%	+0.37%	+0.54%
Change	-0.0500	-0.0303	-0.0140	-	+0.0017	+0.0041	+0.0061
Level	Intermediate	Minor	Intermediate	-	Intermediate	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.1169	1.1213	1.1251	1.1295	1.1333	1.1377	1.1415
Camarilla	1.1266	1.1273	1.1281	1.1288	1.1296	1.1303	1.1311
Woodie	1.1165	1.1212	1.1247	1.1294	1.1329	1.1376	1.1411
Fibonacci	1.1213	1.1245	1.1264	1.1295	1.1327	1.1346	1.1377

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	1.0778	1.1018	1.1153	1.1393	1.1528	1.1768	1.1903
Camarilla	1.1185	1.1219	1.1254	1.1288	1.1322	1.1357	1.1391
Woodie	1.0726	1.0992	1.1101	1.1367	1.1476	1.1742	1.1851
Fibonacci	1.1018	1.1161	1.1250	1.1393	1.1536	1.1625	1.1768

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):	26.93
MACD (12,26,9):	-0.0030
Directional Movement:	-24.4067
AROON (14):	-85.7143
DEMA (21):	1.1215
Parabolic SAR (0,02-0,02-0,2):	1.1269
Elder Ray (13):	-0.0037
Super Trend (3,10):	1.1240
Zig ZAG (10):	1.1203
VORTEX (21):	0.7971
Stochastique (14,3,5):	16.93
TEMA (21):	1.1203
Williams %R (14):	-75.89
Chande Momentum Oscillator (20):	-0.0080
Repulse (5,40,3):	0.0540
ROCnROLL:	2
TRIX (15,9):	-0.0289
Courbe Coppock:	1.30

MA7:	1.1333
MA20:	1.1460
MA50:	1.1435
MA100:	1.1418
MAexp7:	1.1218
MAexp20:	1.1250
MAexp50:	1.1292
MAexp100:	1.1327
Price / MA7:	-1.02%
Price / MA20:	-2.12%
Price / MA50:	-1.91%
Price / MA100:	-1.76%
Price / MAexp7:	-0.01%
Price / MAexp20:	-0.29%
Price / MAexp50:	-0.66%
Price / MAexp100:	-0.97%

Quotes : - Real time data - Forex

News

The last news published on GBP/CHF at the time of the generation of this analysis was as follows:

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

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