GBP/CHF
GBP CHF
- CHF (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: GBPCHF
ISIN:

GBP/CHF - 1H - Technical analysis published on 10/31/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 1.1179 CHF
My targets
1.1077 CHF (-0.0055)
1.1074 CHF (-0.0058)
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 1.1179 CHF. The next support located at 1.1077 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 1.1074 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.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.1

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. Daily Weekly

Additional analysis

Quotes

GBP/CHF rating 1.1132 CHF. On the day, this instrument lost -0.86% and was traded between 1.1107 CHF and 1.1254 CHF over the period. The price is currently at +0.23% from its lowest and -1.08% from its highest.

1.1107
1.1254
1.1132

So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 HIGH record (1st january)

Type : Bullish

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 1H of this GBP/CHF chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Moving Average bearish crossovers : MA50 & MA100

Type : Bearish

Timeframe : 1 hour



Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

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 market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.0818 1.0914 1.1077 1.1132 1.1179 1.1208 1.1228
Change (%) -2.82% -1.96% -0.49% - +0.42% +0.68% +0.86%
Change -0.0314 -0.0218 -0.0055 - +0.0047 +0.0076 +0.0096
Level Major Minor Intermediate - Major Intermediate Minor



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
Standard1.11241.11731.12011.12501.12781.13271.1355
Camarilla1.12071.12141.12211.12281.12351.12421.1249
Woodie1.11131.11681.11901.12451.12671.13221.1344
Fibonacci1.11731.12031.12211.12501.12801.12981.1327


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.10741.11291.11821.12371.12901.13451.1398
Camarilla1.12041.12141.12241.12341.12441.12541.1264
Woodie1.10721.11291.11801.12371.12881.13451.1396
Fibonacci1.11291.11711.11961.12371.12791.13041.1345


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

Technical indicators
Moving averages

RSI (14): 27.49
MACD (12,26,9): -0.0027
Directional Movement: -26.9702
AROON (14): -28.5714
DEMA (21): 1.1166
Parabolic SAR (0,02-0,02-0,2): 1.1232
Elder Ray (13): -0.0049
Super Trend (3,10): 1.1206
Zig ZAG (10): 1.1133
VORTEX (21): 0.7640
Stochastique (14,3,5): 13.83
TEMA (21): 1.1149
Williams %R (14): -82.99
Chande Momentum Oscillator (20): -0.0081
Repulse (5,40,3): -0.3474
ROCnROLL: 2
TRIX (15,9): -0.0212
Courbe Coppock: 0.94
MA7: 1.1218
MA20: 1.1233
MA50: 1.1209
MA100: 1.1259
MAexp7: 1.1159
MAexp20: 1.1197
MAexp50: 1.1225
MAexp100: 1.1236
Price / MA7: -0.77%
Price / MA20: -0.90%
Price / MA50: -0.69%
Price / MA100: -1.13%
Price / MAexp7: -0.24%
Price / MAexp20: -0.58%
Price / MAexp50: -0.83%
Price / MAexp100: -0.93%

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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