GBP/CHF - Daily - Technical analysis published on 08/01/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 1.1345 CHF
My targets
1.1077 CHF (-0.0143)
1.0914 CHF (-0.0306)
My analysis
All elements being clearly 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 1.1345 CHF. The sellers' bearish objective is set at 1.1077 CHF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.0914 CHF. In case of crossing, the next objective would be the support located at 1.0717 CHF.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5.9
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This analysis was given by shadybhai. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/CHF price is 1.1220 CHF. The price is lower by -0.60% since the last closing with the lowest point at 1.1181 CHF and the highest point at 1.1288 CHF. The deviation from the price is +0.35% for the low point and -0.60% for the high point.1.1181
1.1288
1.1220
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
A technical analysis in Daily of this GBP/CHF chart shows a bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend is reinforced by the strong signals currently being given by 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, 12 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
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 | 1.0717 | 1.0914 | 1.1077 | 1.1220 | 1.1234 | 1.1345 | 1.1458 |
| Change (%) | -4.48% | -2.73% | -1.27% | - | +0.12% | +1.11% | +2.12% |
| Change | -0.0503 | -0.0306 | -0.0143 | - | +0.0014 | +0.0125 | +0.0238 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Intermediate | Major |
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 | 1.1169 | 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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 30.79 | |
| MACD (12,26,9): | -0.0042 | |
| Directional Movement: | -24.3379 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 1.1367 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1434 | |
| Elder Ray (13): | -0.0145 | |
| Super Trend (3,10): | 1.1456 | |
| Zig ZAG (10): | 1.1202 | |
| VORTEX (21): | 0.8053 | |
| Stochastique (14,3,5): | 6.88 | |
| TEMA (21): | 1.1320 | |
| Williams %R (14): | -94.03 | |
| Chande Momentum Oscillator (20): | -0.0389 | |
| Repulse (5,40,3): | -1.3755 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0044 | |
| Courbe Coppock: | 3.58 |
| MA7: | 1.1333 | |
| MA20: | 1.1460 | |
| MA50: | 1.1435 | |
| MA100: | 1.1418 | |
| MAexp7: | 1.1330 | |
| MAexp20: | 1.1405 | |
| MAexp50: | 1.1420 | |
| MAexp100: | 1.1378 | |
| Price / MA7: | -1.00% | |
| Price / MA20: | -2.09% | |
| Price / MA50: | -1.88% | |
| Price / MA100: | -1.73% | |
| Price / MAexp7: | -0.97% | |
| Price / MAexp20: | -1.62% | |
| Price / MAexp50: | -1.75% | |
| Price / MAexp100: | -1.39% |
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 July 26, 2024
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GBP/CHF Forecast July 24, 2024
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GBP/CHF Forecast July 18, 2024
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GBP/CHF Forecast July 5, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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