USD/CHF - 1H - Technical analysis published on 07/24/2024 (GMT)
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- Timeframe : 1H
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- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
28%
39%
33%
My opinion
Bullish above 0.8901 CHF
My targets
0.8933 CHF (+0.0019)
0.8945 CHF (+0.0031)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on USD/CHF as long as the price remains well above 0.8901 CHF. The buyers' bullish objective is set at 0.8933 CHF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.8945 CHF. If there is any crossing, the next objective would be the resistance located at 0.8972 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.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
4.6
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This analysis was given by Edd8011. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/CHF rating is 0.8914 CHF. On the day, this instrument lost -0.01% and was traded between 0.8913 CHF and 0.8922 CHF over the period. The price is currently at +0.01% from its lowest and -0.09% from its highest.0.8913
0.8922
0.8914
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this USD/CHF chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.8837 | 0.8871 | 0.8901 | 0.8914 | 0.8933 | 0.8945 | 0.8972 |
| Change (%) | -0.86% | -0.48% | -0.15% | - | +0.21% | +0.35% | +0.65% |
| Change | -0.0077 | -0.0043 | -0.0013 | - | +0.0019 | +0.0031 | +0.0058 |
| Level | Major | Intermediate | Intermediate | - | Minor | Minor | 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 | 0.8858 | 0.8873 | 0.8894 | 0.8909 | 0.8930 | 0.8945 | 0.8966 |
| Camarilla | 0.8905 | 0.8908 | 0.8912 | 0.8915 | 0.8918 | 0.8922 | 0.8925 |
| Woodie | 0.8861 | 0.8875 | 0.8897 | 0.8911 | 0.8933 | 0.8947 | 0.8969 |
| Fibonacci | 0.8873 | 0.8887 | 0.8895 | 0.8909 | 0.8923 | 0.8931 | 0.8945 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8655 | 0.8738 | 0.8814 | 0.8897 | 0.8973 | 0.9056 | 0.9132 |
| Camarilla | 0.8847 | 0.8862 | 0.8876 | 0.8891 | 0.8906 | 0.8920 | 0.8935 |
| Woodie | 0.8653 | 0.8736 | 0.8812 | 0.8895 | 0.8971 | 0.9054 | 0.9130 |
| Fibonacci | 0.8738 | 0.8798 | 0.8836 | 0.8897 | 0.8957 | 0.8995 | 0.9056 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8657 | 0.8742 | 0.8867 | 0.8952 | 0.9077 | 0.9162 | 0.9287 |
| Camarilla | 0.8934 | 0.8954 | 0.8973 | 0.8992 | 0.9011 | 0.9031 | 0.9050 |
| Woodie | 0.8677 | 0.8752 | 0.8887 | 0.8962 | 0.9097 | 0.9172 | 0.9307 |
| Fibonacci | 0.8742 | 0.8822 | 0.8872 | 0.8952 | 0.9032 | 0.9082 | 0.9162 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.05 | |
| MACD (12,26,9): | 0.0005 | |
| Directional Movement: | 6.2669 | |
| AROON (14): | 0 | |
| DEMA (21): | 0.8919 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8922 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 0.8899 | |
| Zig ZAG (10): | 0.8915 | |
| VORTEX (21): | 1.1355 | |
| Stochastique (14,3,5): | 61.76 | |
| TEMA (21): | 0.8919 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | -0.0002 | |
| Repulse (5,40,3): | -0.0636 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0086 | |
| Courbe Coppock: | 0.06 |
| MA7: | 0.8893 | |
| MA20: | 0.8954 | |
| MA50: | 0.8980 | |
| MA100: | 0.9002 | |
| MAexp7: | 0.8916 | |
| MAexp20: | 0.8913 | |
| MAexp50: | 0.8904 | |
| MAexp100: | 0.8900 | |
| Price / MA7: | +0.24% | |
| Price / MA20: | -0.45% | |
| Price / MA50: | -0.73% | |
| Price / MA100: | -0.98% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.12% | |
| Price / MAexp100: | +0.17% |
Quotes :
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Real time data
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Forex
News
Don't forget to follow the news on USD/CHF. At the time of publication of this analysis, the latest news was as follows:
-
USD/CHF Forecast July 22, 2024
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Technical Analysis on USDJPY, USDCHF, OIL
-
USD/CHF Forecast July 9, 2024
-
USD/CHF Forecast July 2, 2024
-
USD/CHF Forecast June 26, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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