GBP/CHF
GBP CHF
- CHF (-)
- Real time data - Forex
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Type: Forex
Ticker: GBPCHF
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GBP/CHF - Daily - Technical analysis published on 08/01/2024 (GMT)

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  • 08/01/2024 - 11:42
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  • Timeframe : Daily
  • - Analysis generated on 08/01/2024 - 11:42
  • 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

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:
15 min. 1H Weekly

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:
Created with Raphaël 2.3.0-15-7.507.5January 1st3 years1 year6 months1 month5 daysToday
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard1.11691.12131.12511.12951.13331.13771.1415
Camarilla1.12661.12731.12811.12881.12961.13031.1311
Woodie1.11651.12121.12471.12941.13291.13761.1411
Fibonacci1.12131.12451.12641.12951.13271.13461.1377


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.10531.11761.12751.13981.14971.16201.1719
Camarilla1.13131.13331.13541.13741.13941.14151.1435
Woodie1.10411.11701.12631.13921.14851.16141.1707
Fibonacci1.11761.12611.13131.13981.14831.15351.1620


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.07781.10181.11531.13931.15281.17681.1903
Camarilla1.11851.12191.12541.12881.13221.13571.1391
Woodie1.07261.09921.11011.13671.14761.17421.1851
Fibonacci1.10181.11611.12501.13931.15361.16251.1768

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Created with Raphaël 2.3.0Sell12
Moving averages
Created with Raphaël 2.3.0Sell21

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 : 08/01/2024 - 11:42 - 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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