CHF/ZAR

- ZAR (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	CHFZAR
ISIN:

CHF/ZAR - 1H - Technical analysis published on 04/18/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 20.8559 ZAR

My targets

21.0221 ZAR (+0.0596)

21.2797 ZAR (+0.3172)

My analysis

CHF/ZAR is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 20.8559 ZAR. The next resistance located at 21.0221 ZAR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 21.2797 ZAR. After this resistance, buyers could then target 21.4395 ZAR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.8

Comment on the analysis

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

CHF/ZAR rating 20.9625 ZAR. The price has increased by +0.43% since the last closing and was between 20.8190 ZAR and 21.0098 ZAR. This implies that the price is at +0.69% from its lowest and at -0.23% from its highest.

20.8190

21.0098

20.9625

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by CHF/ZAR:

The Central Records scanner for higher/lower results shows the following items:

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

Technical

A technical analysis in 1H of this CHF/ZAR chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from 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 bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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 resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	20.5123	20.5911	20.8559	20.9625	21.0221	21.4395	21.8855
Change (%)	-2.15%	-1.77%	-0.51%	-	+0.28%	+2.28%	+4.40%
Change	-0.4502	-0.3714	-0.1066	-	+0.0596	+0.4770	+0.9230
Level	Minor	Major	Major	-	Major	Minor	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.5889	20.6892	20.7812	20.8815	20.9735	21.0738	21.1658
Camarilla	20.8204	20.8381	20.8557	20.8733	20.8909	20.9086	20.9262
Woodie	20.5849	20.6871	20.7772	20.8794	20.9695	21.0717	21.1618
Fibonacci	20.6892	20.7626	20.8080	20.8815	20.9549	21.0003	21.0738

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.9855	20.1953	20.4169	20.6267	20.8483	21.0581	21.2797
Camarilla	20.5198	20.5593	20.5989	20.6384	20.6780	20.7175	20.7570
Woodie	19.9913	20.1983	20.4227	20.6297	20.8541	21.0611	21.2855
Fibonacci	20.1953	20.3601	20.4619	20.6267	20.7915	20.8933	21.0581

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.6777	20.2544	20.5806	21.1573	21.4835	22.0602	22.3864
Camarilla	20.6584	20.7412	20.8239	20.9067	20.9895	21.0722	21.1550
Woodie	19.5524	20.1918	20.4553	21.0947	21.3582	21.9976	22.2611
Fibonacci	20.2544	20.5993	20.8124	21.1573	21.5022	21.7153	22.0602

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):	61.06
MACD (12,26,9):	0.0212
Directional Movement:	13.8046
AROON (14):	42.8571
DEMA (21):	20.9347
Parabolic SAR (0,02-0,02-0,2):	20.8345
Elder Ray (13):	0.0542
Super Trend (3,10):	20.8295
Zig ZAG (10):	20.9697
VORTEX (21):	1.0911
Stochastique (14,3,5):	83.58
TEMA (21):	20.9436
Williams %R (14):	-23.74
Chande Momentum Oscillator (20):	0.0618
Repulse (5,40,3):	0.0055
ROCnROLL:	1
TRIX (15,9):	0.0078
Courbe Coppock:	0.41

MA7:	20.7575
MA20:	20.8058
MA50:	21.2091
MA100:	21.4652
MAexp7:	20.9381
MAexp20:	20.9085
MAexp50:	20.8739
MAexp100:	20.8156
Price / MA7:	+0.99%
Price / MA20:	+0.75%
Price / MA50:	-1.16%
Price / MA100:	-2.34%
Price / MAexp7:	+0.12%
Price / MAexp20:	+0.26%
Price / MAexp50:	+0.42%
Price / MAexp100:	+0.71%

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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