Technical analysis for EURCHF

The analysis shows a variety of moving averages and oscillators, and an overall buy/sell score based on the combination of all the indicators. All the figures update live based on each new market tick.

The moving averages combine traditional calculations (EMA, SMA) with averages which are designed to respond more quickly to changes in price, and to track the current price more closely (Hull, Arnaud Legoux). The table is colour-coded based on whether the current price is above (bullish) or below (bearish) each moving average.

The oscillators track over-bought and over-sold conditions. For example, a value of 80+ on the Stochastic oscillator is traditionally regarded as an over-bought signal, and therefore bearish.

The technical analysis also shows daily pivot points using a variety of popular calculations. If the current price has breached a support level, then that is considered as bearish. Conversely, the analysis regards it as bullish if the price is above a resistance level.

You can change the periods which are used for moving averages, and for oscillators. Adding more moving averages will change their weight in the total score compared to the oscillators. Conversely, adding or removing oscillators will change their contribution to the overall score relative to the moving averages.

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About EURCHF

The EURCHF is the abbreviation for the Euro against the Swiss Franc. For traders on the forex market, the correlation between the euro and the Swiss franc currency pairs is too strong to be ignored. The EUR/CHF (euro/Swiss franc) currency is driven by the currency pairs—USD/CHF and EUR/USD. For two separate and distinct financial instruments, a 95% correlation is close to perfect. However, arbitraging the two currencies, in an attempt to capture the interest rate differential, does not work. Over the long term, most currencies that trade against the U.S. dollar have a correlation above 50%. This is because the U.S. dollar is a dominant currency involved in 90% of all currency transactions. Furthermore, the U.S. economy is the largest in the world, which means that its strength impacts many other nations. Although the strong relationship between the EUR/USD and USD/CHF is partially due to the common dollar factor in the two currency pairs, the relationship is far stronger than that of other currency pairs, due to the close ties between the eurozone and Switzerland. Surrounded by other members of the eurozone, Switzerland has close political and economic ties with its larger neighbors. Because the two economies are intimately linked, if the eurozone contracts, Switzerland will feel the ripple effects.