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CHF/ZAR
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 10/09/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
33%
50%
17%
My opinion
Bearish under 18.1433 ZAR
My targets
17.8570 ZAR (-0.1865)
17.8141 ZAR (-0.2294)
My analysis
CHF/ZAR is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 18.1433 ZAR. The next support located at 17.8570 ZAR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 17.8141 ZAR. Below this support, sellers could then target 17.4004 ZAR. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.5

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CHF/ZAR rating is 18.0435 ZAR. The price is lower by -0.22% since the last closing and was traded between 17.9749 ZAR and 18.0914 ZAR over the period. The price is currently at +0.38% from its lowest and -0.26% from its highest.

17.9749
18.0914
18.0435

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by CHF/ZAR:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



The Central Volumes scanner detects abnormal volumes on the asset:

Central Volumes

Abnormal volumes

Timeframe : 20 days

Technical


A technical analysis in 1H of this CHF/ZAR chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Moving Average bearish crossovers : MA50 & MA100

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



On the 18 technical indicators analysed, 6 are bullish, 3 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour


MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 15.8739 17.4004 17.8570 18.0435 18.0481 18.1433 18.2810
Change (%) -12.02% -3.56% -1.03% - +0.03% +0.55% +1.32%
Change -2.1696 -0.6431 -0.1865 - +0.0046 +0.0998 +0.2375
Level Major Intermediate Intermediate - Minor Major Intermediate



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
Standard17.875817.956118.019318.099618.162818.243118.3063
Camarilla18.043118.056318.069518.082618.095818.108918.1221
Woodie17.867417.951818.010918.095318.154418.238818.2979
Fibonacci17.956118.010918.044818.099618.154418.188318.2431


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11.433513.084516.163117.814120.892722.543725.6223
Camarilla17.941218.374718.808319.241819.675420.108920.5424
Woodie12.147413.441416.877018.171021.606622.900626.3362
Fibonacci13.084514.891216.007417.814119.620820.737022.5437


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard13.390115.536915.171417.318216.952719.099518.7340
Camarilla14.316014.479314.642614.805914.969215.132515.2958
Woodie12.134014.908813.915316.690115.696618.471417.4779
Fibonacci15.536916.217416.637717.318217.998718.419019.0995

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): 39.72
MACD (12,26,9): -0.0193
Directional Movement: -12.7340
AROON (14): -57.1429
DEMA (21): 18.0335
Parabolic SAR (0,02-0,02-0,2): 18.0750
Elder Ray (13): -0.0324
Super Trend (3,10): 18.1401
Zig ZAG (10): 18.0174
VORTEX (21): 0.9545
Stochastique (14,3,5): 39.93
TEMA (21): 18.0280
Williams %R (14): -54.68
Chande Momentum Oscillator (20): -0.0417
Repulse (5,40,3): 0.0468
ROCnROLL: 2
TRIX (15,9): -0.0134
Courbe Coppock: 0.49
MA7: 17.8022
MA20: 18.0528
MA50: 18.4582
MA100: 18.2352
MAexp7: 18.0384
MAexp20: 18.0567
MAexp50: 18.0817
MAexp100: 18.0970
Price / MA7: +1.36%
Price / MA20: -0.05%
Price / MA50: -2.25%
Price / MA100: -1.05%
Price / MAexp7: +0.03%
Price / MAexp20: -0.07%
Price / MAexp50: -0.21%
Price / MAexp100: -0.30%

Quotes : 2020-10-09 14:04:41 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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