GBP/CHF

- CHF (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPCHF
ISIN:

GBP/CHF - 1H - Technical analysis published on 11/06/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

22%

39%

My opinion

Bullish above 1.1209 CHF

My targets

1.1281 CHF (+0.0036)

1.1301 CHF (+0.0056)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GBP/CHF as long as the price remains well above 1.1209 CHF. The buyers' bullish objective is set at 1.1281 CHF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.1301 CHF. If there is any crossing, the next objective would be the resistance located at 1.1347 CHF. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

4.1

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

GBP/CHF rating 1.1245 CHF. On the day, this instrument lost -0.04% and was between 1.1218 CHF and 1.1286 CHF. This implies that the price is at +0.24% from its lowest and at -0.36% from its highest.

1.1218

1.1286

1.1245

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

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 GBP/CHF in 1H shows a strongly overall bullish trend. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

On the 18 technical indicators analysed, 4 are bullish, 7 are neutral and 7 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour

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

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

Near resistance of triangle

Type : Bearish

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.1151	1.1179	1.1209	1.1245	1.1253	1.1281	1.1301
Change (%)	-0.84%	-0.59%	-0.32%	-	+0.07%	+0.32%	+0.50%
Change	-0.0094	-0.0066	-0.0036	-	+0.0008	+0.0036	+0.0056
Level	Minor	Major	Intermediate	-	Minor	Minor	Intermediate

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
Standard	1.1110	1.1147	1.1198	1.1235	1.1286	1.1323	1.1374
Camarilla	1.1225	1.1233	1.1241	1.1249	1.1257	1.1265	1.1273
Woodie	1.1117	1.1151	1.1205	1.1239	1.1293	1.1327	1.1381
Fibonacci	1.1147	1.1181	1.1201	1.1235	1.1269	1.1289	1.1323

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.0939	1.1023	1.1133	1.1217	1.1327	1.1411	1.1521
Camarilla	1.1190	1.1207	1.1225	1.1243	1.1261	1.1279	1.1296
Woodie	1.0952	1.1030	1.1146	1.1224	1.1340	1.1418	1.1534
Fibonacci	1.1023	1.1097	1.1143	1.1217	1.1291	1.1337	1.1411

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.0817	1.0962	1.1050	1.1195	1.1283	1.1428	1.1516
Camarilla	1.1074	1.1095	1.1117	1.1138	1.1159	1.1181	1.1202
Woodie	1.0789	1.0948	1.1022	1.1181	1.1255	1.1414	1.1488
Fibonacci	1.0962	1.1051	1.1106	1.1195	1.1284	1.1339	1.1428

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):	51.42
MACD (12,26,9):	0.0008
Directional Movement:	4.6057
AROON (14):	-28.5714
DEMA (21):	1.1252
Parabolic SAR (0,02-0,02-0,2):	1.1279
Elder Ray (13):	-0.0009
Super Trend (3,10):	1.1221
Zig ZAG (10):	1.1239
VORTEX (21):	1.0986
Stochastique (14,3,5):	23.62
TEMA (21):	1.1253
Williams %R (14):	-69.12
Chande Momentum Oscillator (20):	-0.0001
Repulse (5,40,3):	-0.0358
ROCnROLL:	-1
TRIX (15,9):	0.0157
Courbe Coppock:	0.28

MA7:	1.1225
MA20:	1.1233
MA50:	1.1215
MA100:	1.1257
MAexp7:	1.1243
MAexp20:	1.1239
MAexp50:	1.1226
MAexp100:	1.1221
Price / MA7:	+0.18%
Price / MA20:	+0.11%
Price / MA50:	+0.27%
Price / MA100:	-0.11%
Price / MAexp7:	+0.02%
Price / MAexp20:	+0.05%
Price / MAexp50:	+0.17%
Price / MAexp100:	+0.21%

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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