CHF/ZAR - 1H - Technical analysis published on 07/28/2020 (GMT)
- 211
- 0
- Who voted?
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 17.9353 ZAR
My targets
17.8111 ZAR (-0.0527)
17.6780 ZAR (-0.1858)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on CHF/ZAR as long as the price remains well below 17.9353 ZAR. The next bearish objective for sellers is set at 17.8111 ZAR. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 17.6780 ZAR. If there is any crossing, the next objective would be the support located at 17.5883 ZAR. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
2.1
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/ZAR rating is 17.8638 ZAR. The price registered an increase of +0.13% on the session and was traded between 17.7772 ZAR and 17.8735 ZAR over the period. The price is currently at +0.49% from its lowest and -0.05% from its highest.17.7772
17.8735
17.8638
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHF/ZAR:
Technical
A technical analysis in 1H of this CHF/ZAR chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 17.5883 | 17.6780 | 17.8111 | 17.8638 | 18.0447 | 18.1250 | 18.2061 |
| Change (%) | -1.54% | -1.04% | -0.30% | - | +1.01% | +1.46% | +1.92% |
| Change | -0.2755 | -0.1858 | -0.0527 | - | +0.1809 | +0.2612 | +0.3423 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Minor | Major |
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 | 17.3036 | 17.5573 | 17.6988 | 17.9525 | 18.0940 | 18.3477 | 18.4892 |
| Camarilla | 17.7317 | 17.7680 | 17.8042 | 17.8404 | 17.8766 | 17.9129 | 17.9491 |
| Woodie | 17.2476 | 17.5293 | 17.6428 | 17.9245 | 18.0380 | 18.3197 | 18.4332 |
| Fibonacci | 17.5573 | 17.7082 | 17.8015 | 17.9525 | 18.1034 | 18.1967 | 18.3477 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.0657 | 17.3017 | 17.6993 | 17.9353 | 18.3329 | 18.5689 | 18.9665 |
| Camarilla | 17.9228 | 17.9808 | 18.0389 | 18.0970 | 18.1551 | 18.2132 | 18.2712 |
| Woodie | 17.1466 | 17.3421 | 17.7802 | 17.9757 | 18.4138 | 18.6093 | 19.0474 |
| Fibonacci | 17.3017 | 17.5437 | 17.6932 | 17.9353 | 18.1773 | 18.3268 | 18.5689 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.3793 | 16.8319 | 17.5722 | 18.0248 | 18.7651 | 19.2177 | 19.9580 |
| Camarilla | 17.9846 | 18.0939 | 18.2033 | 18.3126 | 18.4220 | 18.5313 | 18.6407 |
| Woodie | 16.5233 | 16.9038 | 17.7162 | 18.0967 | 18.9091 | 19.2896 | 20.1020 |
| Fibonacci | 16.8319 | 17.2876 | 17.5691 | 18.0248 | 18.4805 | 18.7620 | 19.2177 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 40.58 | |
| MACD (12,26,9): | -0.0433 | |
| Directional Movement: | -9.4668 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 17.8083 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.7772 | |
| Elder Ray (13): | -0.0108 | |
| Super Trend (3,10): | 17.9222 | |
| Zig ZAG (10): | 17.8460 | |
| VORTEX (21): | 0.8015 | |
| Stochastique (14,3,5): | 38.63 | |
| TEMA (21): | 17.7906 | |
| Williams %R (14): | -36.01 | |
| Chande Momentum Oscillator (20): | 0.0029 | |
| Repulse (5,40,3): | 0.2582 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0409 | |
| Courbe Coppock: | 0.45 |
| MA7: | 17.8303 | |
| MA20: | 17.8782 | |
| MA50: | 17.9690 | |
| MA100: | 18.3392 | |
| MAexp7: | 17.8303 | |
| MAexp20: | 17.8671 | |
| MAexp50: | 17.9122 | |
| MAexp100: | 17.8862 | |
| Price / MA7: | +0.19% | |
| Price / MA20: | -0.08% | |
| Price / MA50: | -0.59% | |
| Price / MA100: | -2.59% | |
| Price / MAexp7: | +0.19% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.27% | |
| Price / MAexp100: | -0.13% |
Quotes :
2020-07-28 05:15:30
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis CHF/ZAR - 1H