USD/CHF
-
CHF
(-)
- Real time data - Forex
| Open: | - |
| Change: | - |
| Volume: | - |
| Low: | - |
| High: | - |
| High / Low range: | - |
| Type: | Forex |
| Ticker: | USDCHF |
| ISIN: |
USD/CHF - Daily - Technical analysis published on 08/01/2024 (GMT)
- 164
- 0
- 08/01/2024 - 11:16
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- Timeframe : Daily
- - Analysis generated on 08/01/2024 - 11:16
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
67%
11%
My opinion
Bearish under 0.8837 CHF
My targets
0.8695 CHF (-0.0077)
0.8547 CHF (-0.0225)
My analysis
The bearish trend is currently very strong for USD/CHF. As long as the price remains below the resistance at 0.8837 CHF, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.8695 CHF. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.8547 CHF as an objective. Crossing it would then enable sellers to target 0.8413 CHF. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
7.5
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This analysis was given by shadybhai. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/CHF rating 0.8772 CHF. The price is lower by -0.11% since the last closing and was between 0.8754 CHF and 0.8783 CHF. This implies that the price is at +0.21% from its lowest and at -0.13% from its highest.0.8754
0.8783
0.8772
Here is a more detailed summary of the historical variations registered by USD/CHF:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of USD/CHF in Daily shows a overall strongly bearish trend. 92.86% 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:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
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 | 0.8413 | 0.8547 | 0.8695 | 0.8772 | 0.8837 | 0.8915 | 0.9036 |
| Change (%) | -4.09% | -2.56% | -0.88% | - | +0.74% | +1.63% | +3.01% |
| Change | -0.0359 | -0.0225 | -0.0077 | - | +0.0065 | +0.0143 | +0.0264 |
| Level | Major | Major | Minor | - | Major | 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 | 0.8698 | 0.8734 | 0.8758 | 0.8794 | 0.8818 | 0.8854 | 0.8878 |
| Camarilla | 0.8766 | 0.8771 | 0.8777 | 0.8782 | 0.8788 | 0.8793 | 0.8799 |
| Woodie | 0.8692 | 0.8731 | 0.8752 | 0.8791 | 0.8812 | 0.8851 | 0.8872 |
| Fibonacci | 0.8734 | 0.8757 | 0.8771 | 0.8794 | 0.8817 | 0.8831 | 0.8854 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8622 | 0.8700 | 0.8769 | 0.8847 | 0.8916 | 0.8994 | 0.9063 |
| Camarilla | 0.8799 | 0.8812 | 0.8826 | 0.8839 | 0.8853 | 0.8866 | 0.8879 |
| Woodie | 0.8619 | 0.8698 | 0.8766 | 0.8845 | 0.8913 | 0.8992 | 0.9060 |
| Fibonacci | 0.8700 | 0.8756 | 0.8791 | 0.8847 | 0.8903 | 0.8938 | 0.8994 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8403 | 0.8587 | 0.8684 | 0.8868 | 0.8965 | 0.9149 | 0.9246 |
| Camarilla | 0.8705 | 0.8731 | 0.8756 | 0.8782 | 0.8808 | 0.8834 | 0.8859 |
| Woodie | 0.8361 | 0.8565 | 0.8642 | 0.8846 | 0.8923 | 0.9127 | 0.9204 |
| Fibonacci | 0.8587 | 0.8694 | 0.8760 | 0.8868 | 0.8975 | 0.9041 | 0.9149 |
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): | 34.22 | |
| MACD (12,26,9): | -0.0046 | |
| Directional Movement: | -21.6084 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 0.8819 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8895 | |
| Elder Ray (13): | -0.0081 | |
| Super Trend (3,10): | 0.8925 | |
| Zig ZAG (10): | 0.8769 | |
| VORTEX (21): | 0.7883 | |
| Stochastique (14,3,5): | 10.77 | |
| TEMA (21): | 0.8796 | |
| Williams %R (14): | -92.89 | |
| Chande Momentum Oscillator (20): | -0.0164 | |
| Repulse (5,40,3): | -0.6327 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0529 | |
| Courbe Coppock: | 2.95 |
| MA7: | 0.8819 | |
| MA20: | 0.8892 | |
| MA50: | 0.8943 | |
| MA100: | 0.9003 | |
| MAexp7: | 0.8818 | |
| MAexp20: | 0.8874 | |
| MAexp50: | 0.8929 | |
| MAexp100: | 0.8942 | |
| Price / MA7: | -0.53% | |
| Price / MA20: | -1.35% | |
| Price / MA50: | -1.91% | |
| Price / MA100: | -2.57% | |
| Price / MAexp7: | -0.52% | |
| Price / MAexp20: | -1.15% | |
| Price / MAexp50: | -1.76% | |
| Price / MAexp100: | -1.90% |
Quotes :
08/01/2024 - 11:16
-
Real time data
-
Forex
News
The last news published on USD/CHF at the time of the generation of this analysis was as follows:
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07/19/2024 - 15:45
USD/CHF Forecast July 22, 2024
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Technical Analysis on USDJPY, USDCHF, OIL
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07/08/2024 - 17:01
USD/CHF Forecast July 9, 2024
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USD/CHF Forecast July 2, 2024
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06/25/2024 - 15:13
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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