Londinia Opportunities Analyses - 12/19/2024 (GMT) USD/CHF - 1H

- CHF (-)

- Real time data - Forex

Type:	Forex
Ticker:	USDCHF
ISIN:

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.

FX/Indices
Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

72%

11%

17%

My opinion

Bullish above 0.8941 CHF

My targets

0.9055 CHF (+0.0067)

0.9185 CHF (+0.0197)

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 0.8941 CHF. The buyers' bullish objective is set at 0.9055 CHF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.9185 CHF. If there is any crossing, the next objective would be the resistance located at 0.9210 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.3

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Additional analysis

Quotes

USD/CHF rating 0.8988 CHF. On the day, this instrument lost -0.32% and was between 0.8952 CHF and 0.9017 CHF. This implies that the price is at +0.40% from its lowest and at -0.32% from its highest.

0.8952

0.9017

0.8988

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of USD/CHF indicates that the overall trend is strongly bullish. 89.29% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8854	0.8916	0.8941	0.8988	0.9055	0.9210	0.9418
Change (%)	-1.49%	-0.80%	-0.52%	-	+0.75%	+2.47%	+4.78%
Change	-0.0134	-0.0072	-0.0047	-	+0.0067	+0.0222	+0.0430
Level	Intermediate	Major	Minor	-	Minor	Major	Minor

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	0.8844	0.8880	0.8949	0.8985	0.9054	0.9090	0.9159
Camarilla	0.8988	0.8998	0.9007	0.9017	0.9027	0.9036	0.9046
Woodie	0.8860	0.8888	0.8965	0.8993	0.9070	0.9098	0.9175
Fibonacci	0.8880	0.8920	0.8945	0.8985	0.9025	0.9050	0.9090

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8621	0.8690	0.8809	0.8878	0.8997	0.9066	0.9185
Camarilla	0.8877	0.8895	0.8912	0.8929	0.8946	0.8964	0.8981
Woodie	0.8647	0.8703	0.8835	0.8891	0.9023	0.9079	0.9211
Fibonacci	0.8690	0.8762	0.8806	0.8878	0.8950	0.8994	0.9066

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8290	0.8453	0.8633	0.8796	0.8976	0.9139	0.9319
Camarilla	0.8720	0.8751	0.8783	0.8814	0.8845	0.8877	0.8908
Woodie	0.8300	0.8457	0.8643	0.8800	0.8986	0.9143	0.9329
Fibonacci	0.8453	0.8584	0.8665	0.8796	0.8927	0.9008	0.9139

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):	57.36
MACD (12,26,9):	0.0006
Directional Movement:	9.7132
AROON (14):	-57.1429
DEMA (21):	0.8988
Parabolic SAR (0,02-0,02-0,2):	0.8953
Elder Ray (13):	0.0010
Super Trend (3,10):	0.9000
Zig ZAG (10):	0.8989
VORTEX (21):	0.9479
Stochastique (14,3,5):	73.47
TEMA (21):	0.8985
Williams %R (14):	-30.77
Chande Momentum Oscillator (20):	-0.0005
Repulse (5,40,3):	0.1421
ROCnROLL:	1
TRIX (15,9):	0.0104
Courbe Coppock:	0.42

MA7:	0.8936
MA20:	0.8873
MA50:	0.8780
MA100:	0.8651
MAexp7:	0.8984
MAexp20:	0.8980
MAexp50:	0.8966
MAexp100:	0.8945
Price / MA7:	+0.58%
Price / MA20:	+1.30%
Price / MA50:	+2.37%
Price / MA100:	+3.90%
Price / MAexp7:	+0.04%
Price / MAexp20:	+0.09%
Price / MAexp50:	+0.25%
Price / MAexp100:	+0.48%

Quotes : - Real time data - Forex

News

The last news published on USD/CHF at the time of the generation of this analysis was as follows: