GBP/CHF
GBP CHF
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Type: Forex
Ticker: GBPCHF
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GBP/CHF - 1H - Technical analysis published on 10/04/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Slightly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 1.1234 CHF
My targets
1.1294 CHF (+0.0025)
1.1346 CHF (+0.0077)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on GBP/CHF as long as the price remains well above 1.1234 CHF. The buyers' bullish objective is set at 1.1294 CHF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.1346 CHF. If there is any crossing, the next objective would be the resistance located at 1.1370 CHF.

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
4.8

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 Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The GBP/CHF price is 1.1269 CHF. The price registered an increase of +0.76% on the session and was traded between 1.1166 CHF and 1.1276 CHF over the period. The price is currently at +0.92% from its lowest and -0.06% from its highest.

1.1166
1.1276
1.1269

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:

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of GBP/CHF indicates that the overall trend is slightly bullish. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish 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.

The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.1121 1.1208 1.1234 1.1269 1.1294 1.1346 1.1370
Change (%) -1.31% -0.54% -0.31% - +0.22% +0.68% +0.90%
Change -0.0148 -0.0061 -0.0035 - +0.0025 +0.0077 +0.0101
Level Intermediate Minor Intermediate - Minor Intermediate Intermediate



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
Standard1.09471.10341.11091.11961.12711.13581.1433
Camarilla1.11401.11541.11691.11841.11991.12141.1229
Woodie1.09411.10311.11031.11931.12651.13551.1427
Fibonacci1.10341.10961.11341.11961.12581.12961.1358


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.10611.11471.11971.12831.13331.14191.1469
Camarilla1.12091.12211.12341.12461.12591.12711.1283
Woodie1.10421.11381.11781.12741.13141.14101.1450
Fibonacci1.11471.11991.12311.12831.13351.13671.1419


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.07531.08881.10991.12341.14451.15801.1791
Camarilla1.12141.12461.12771.13091.13411.13721.1404
Woodie1.07901.09071.11361.12531.14821.15991.1828
Fibonacci1.08881.10211.11021.12341.13671.14481.1580

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): 65.43
MACD (12,26,9): 0.0018
Directional Movement: 19.8364
AROON (14): 78.5714
DEMA (21): 1.1257
Parabolic SAR (0,02-0,02-0,2): 1.1240
Elder Ray (13): 0.0021
Super Trend (3,10): 1.1220
Zig ZAG (10): 1.1266
VORTEX (21): 1.2308
Stochastique (14,3,5): 91.34
TEMA (21): 1.1277
Williams %R (14): -10.42
Chande Momentum Oscillator (20): 0.0062
Repulse (5,40,3): 0.0069
ROCnROLL: 1
TRIX (15,9): 0.0165
Courbe Coppock: 1.32
MA7: 1.1266
MA20: 1.1223
MA50: 1.1165
MA100: 1.1312
MAexp7: 1.1261
MAexp20: 1.1237
MAexp50: 1.1228
MAexp100: 1.1241
Price / MA7: +0.03%
Price / MA20: +0.41%
Price / MA50: +0.93%
Price / MA100: -0.38%
Price / MAexp7: +0.07%
Price / MAexp20: +0.28%
Price / MAexp50: +0.37%
Price / MAexp100: +0.25%

Quotes : - Real time data - Forex

News


Don't forget to follow the news on GBP/CHF. At the time of publication of this analysis, the latest news was as follows:

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

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