USD/CHF
USD CHF
- CHF (-)
- Real time data - Forex
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Type: Forex
Ticker: USDCHF
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USD/CHF - 15 min. - Technical analysis published on 08/29/2024 (GMT)

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  • Timeframe : 15 min.
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.8469 CHF
My targets
0.8547 CHF (+0.0057)
0.8616 CHF (+0.0126)
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 0.8469 CHF. The buyers' bullish objective is set at 0.8547 CHF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.8616 CHF. If there is any crossing, the next objective would be the resistance located at 0.8664 CHF. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.8

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 GCrow. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The USD/CHF price is 0.8490 CHF. On the day, this instrument gained +0.86% and was between 0.8400 CHF and 0.8494 CHF. This implies that the price is at +1.07% from its lowest and at -0.05% from its highest.

0.8400
0.8494
0.8490

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

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:

Central Records

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


New LOW record (1st january)

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 this 15 min. chart of USD/CHF indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 15 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 15 minutes


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 15 minutes



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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 : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.7232 0.8413 0.8454 0.8490 0.8547 0.8616 0.8664
Change (%) -14.82% -0.91% -0.42% - +0.67% +1.48% +2.05%
Change -0.1258 -0.0077 -0.0036 - +0.0057 +0.0126 +0.0174
Level Minor Major Major - Major Minor Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.83590.83850.84010.84270.84430.84690.8485
Camarilla0.84070.84100.84140.84180.84220.84260.8430
Woodie0.83550.83830.83970.84250.84390.84670.8481
Fibonacci0.83850.84010.84110.84270.84430.84530.8469


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.81990.83350.84070.85430.86150.87510.8823
Camarilla0.84230.84420.84610.84800.84990.85180.8537
Woodie0.81680.83190.83760.85270.85840.87350.8792
Fibonacci0.83350.84140.84630.85430.86220.86710.8751


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.84030.85870.86840.88680.89650.91490.9246
Camarilla0.87050.87310.87560.87820.88080.88340.8859
Woodie0.83610.85650.86420.88460.89230.91270.9204
Fibonacci0.85870.86940.87600.88680.89750.90410.9149

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): 65.37
MACD (12,26,9): 0.0011
Directional Movement: 21.8824
AROON (14): 57.1428
DEMA (21): 0.8468
Parabolic SAR (0,02-0,02-0,2): 0.8446
Elder Ray (13): 0.0009
Super Trend (3,10): 0.8444
Zig ZAG (10): 0.8472
VORTEX (21): 1.1141
Stochastique (14,3,5): 80.85
TEMA (21): 0.8474
Williams %R (14): -17.02
Chande Momentum Oscillator (20): 0.0034
Repulse (5,40,3): 0.0760
ROCnROLL: 1
TRIX (15,9): 0.0176
Courbe Coppock: 0.70
MA7: 0.8472
MA20: 0.8569
MA50: 0.8781
MA100: 0.8916
MAexp7: 0.8469
MAexp20: 0.8453
MAexp50: 0.8438
MAexp100: 0.8432
Price / MA7: +0.21%
Price / MA20: -0.92%
Price / MA50: -3.31%
Price / MA100: -4.78%
Price / MAexp7: +0.25%
Price / MAexp20: +0.44%
Price / MAexp50: +0.62%
Price / MAexp100: +0.69%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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