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 05/08/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

78%

17%

My opinion

Bullish above 20.3256 ZAR

My targets

20.4963 ZAR (+0.0785)

20.5911 ZAR (+0.1733)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on CHF/ZAR. This is a positive signal for buyers. As long as the price remains above 20.3256 ZAR, a purchase could be considered. The first bullish objective is located at 20.4963 ZAR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 20.5911 ZAR as an objective. Crossing it would then enable buyers to target 20.9205 ZAR. In the event of a return below 20.3256 ZAR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

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

5.5

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 20.4178 ZAR. On the day, this instrument gained +0.21% and was traded between 20.3569 ZAR and 20.4228 ZAR over the period. The price is currently at +0.30% from its lowest and -0.02% from its highest.

20.3569

20.4228

20.4178

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

Bearish opening

Type : Bearish

Timeframe : Openning

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 LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of CHF/ZAR indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	19.3389	20.2195	20.3256	20.4178	20.4963	20.5911	20.9205
Change (%)	-5.28%	-0.97%	-0.45%	-	+0.38%	+0.85%	+2.46%
Change	-1.0789	-0.1983	-0.0922	-	+0.0785	+0.1733	+0.5027
Level	Minor	Minor	Major	-	Major	Major	Minor

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	20.1436	20.2223	20.2991	20.3778	20.4546	20.5333	20.6101
Camarilla	20.3330	20.3473	20.3616	20.3758	20.3901	20.4043	20.4186
Woodie	20.1426	20.2218	20.2981	20.3773	20.4536	20.5328	20.6091
Fibonacci	20.2223	20.2817	20.3184	20.3778	20.4372	20.4739	20.5333

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.8198	20.0196	20.2259	20.4257	20.6320	20.8318	21.0381
Camarilla	20.3204	20.3577	20.3949	20.4321	20.4693	20.5066	20.5438
Woodie	19.8230	20.0212	20.2291	20.4273	20.6352	20.8334	21.0413
Fibonacci	20.0196	20.1748	20.2706	20.4257	20.5809	20.6767	20.8318

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	18.9850	19.6916	20.0628	20.7694	21.1406	21.8472	22.2184
Camarilla	20.1377	20.2365	20.3353	20.4341	20.5329	20.6317	20.7305
Woodie	18.8174	19.6078	19.8952	20.6856	20.9730	21.7634	22.0508
Fibonacci	19.6916	20.1033	20.3577	20.7694	21.1811	21.4355	21.8472

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):	61.02
MACD (12,26,9):	0.0070
Directional Movement:	1.7763
AROON (14):	35.7142
DEMA (21):	20.3907
Parabolic SAR (0,02-0,02-0,2):	20.3309
Elder Ray (13):	0.0274
Super Trend (3,10):	20.4515
Zig ZAG (10):	20.4180
VORTEX (21):	1.0143
Stochastique (14,3,5):	95.39
TEMA (21):	20.4019
Williams %R (14):	-4.07
Chande Momentum Oscillator (20):	0.0555
Repulse (5,40,3):	0.2212
ROCnROLL:	1
TRIX (15,9):	-0.0003
Courbe Coppock:	0.37

MA7:	20.3834
MA20:	20.6635
MA50:	20.9162
MA100:	21.3419
MAexp7:	20.3998
MAexp20:	20.3849
MAexp50:	20.3855
MAexp100:	20.4066
Price / MA7:	+0.17%
Price / MA20:	-1.19%
Price / MA50:	-2.38%
Price / MA100:	-4.33%
Price / MAexp7:	+0.09%
Price / MAexp20:	+0.16%
Price / MAexp50:	+0.16%
Price / MAexp100:	+0.05%

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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