GBP/CHF

- CHF (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPCHF
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GBP/CHF - 1H - Technical analysis published on 10/31/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

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

7.1

Comment on the analysis

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:

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:

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:

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:

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:

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:

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:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
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
Standard	1.1124	1.1173	1.1201	1.1250	1.1278	1.1327	1.1355
Camarilla	1.1207	1.1214	1.1221	1.1228	1.1235	1.1242	1.1249
Woodie	1.1113	1.1168	1.1190	1.1245	1.1267	1.1322	1.1344
Fibonacci	1.1173	1.1203	1.1221	1.1250	1.1280	1.1298	1.1327

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.1074	1.1129	1.1182	1.1237	1.1290	1.1345	1.1398
Camarilla	1.1204	1.1214	1.1224	1.1234	1.1244	1.1254	1.1264
Woodie	1.1072	1.1129	1.1180	1.1237	1.1288	1.1345	1.1396
Fibonacci	1.1129	1.1171	1.1196	1.1237	1.1279	1.1304	1.1345

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 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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