GBP/CHF - 1H - Technical analysis published on 10/04/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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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
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
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:
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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
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:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0947 | 1.1034 | 1.1109 | 1.1196 | 1.1271 | 1.1358 | 1.1433 |
| Camarilla | 1.1140 | 1.1154 | 1.1169 | 1.1184 | 1.1199 | 1.1214 | 1.1229 |
| Woodie | 1.0941 | 1.1031 | 1.1103 | 1.1193 | 1.1265 | 1.1355 | 1.1427 |
| Fibonacci | 1.1034 | 1.1096 | 1.1134 | 1.1196 | 1.1258 | 1.1296 | 1.1358 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1061 | 1.1147 | 1.1197 | 1.1283 | 1.1333 | 1.1419 | 1.1469 |
| Camarilla | 1.1209 | 1.1221 | 1.1234 | 1.1246 | 1.1259 | 1.1271 | 1.1283 |
| Woodie | 1.1042 | 1.1138 | 1.1178 | 1.1274 | 1.1314 | 1.1410 | 1.1450 |
| Fibonacci | 1.1147 | 1.1199 | 1.1231 | 1.1283 | 1.1335 | 1.1367 | 1.1419 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0753 | 1.0888 | 1.1099 | 1.1234 | 1.1445 | 1.1580 | 1.1791 |
| Camarilla | 1.1214 | 1.1246 | 1.1277 | 1.1309 | 1.1341 | 1.1372 | 1.1404 |
| Woodie | 1.0790 | 1.0907 | 1.1136 | 1.1253 | 1.1482 | 1.1599 | 1.1828 |
| Fibonacci | 1.0888 | 1.1021 | 1.1102 | 1.1234 | 1.1367 | 1.1448 | 1.1580 |
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 :
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Real time data
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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:
-
GBP/CHF Forecast September 26, 2024
-
GBP/CHF Forecast September 13, 2024
-
GBP/CHF Forecast September 9, 2024
-
GBP/CHF Forecast August 29, 2024
-
GBP/CHF Forecast August 22, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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