CHF/ZAR - 1H - Technical analysis published on 11/04/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 17.7921 ZAR
My targets
17.9817 ZAR (+0.1415)
18.0774 ZAR (+0.2372)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CHF/ZAR as long as the price remains well above 17.7921 ZAR. The buyers” bullish objective is set at 17.9817 ZAR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 18.0774 ZAR. If there is any crossing, the next objective would be the resistance located at 18.3766 ZAR.
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
0
10
6.1
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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 17.8402 ZAR. On the day, this instrument gained +1.41% and was traded between 17.5400 ZAR and 17.9171 ZAR over the period. The price is currently at +1.71% from its lowest and -0.43% from its highest.17.5400
17.9171
17.8402
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of CHF/ZAR in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. 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
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 17.6153 | 17.6975 | 17.7921 | 17.8402 | 17.9817 | 18.0774 | 18.3766 |
| Change (%) | -1.26% | -0.80% | -0.27% | - | +0.79% | +1.33% | +3.01% |
| Change | -0.2249 | -0.1427 | -0.0481 | - | +0.1415 | +0.2372 | +0.5364 |
| Level | Minor | Intermediate | Minor | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.2824 | 17.3790 | 17.4854 | 17.5820 | 17.6884 | 17.7850 | 17.8914 |
| Camarilla | 17.5360 | 17.5546 | 17.5732 | 17.5918 | 17.6104 | 17.6290 | 17.6476 |
| Woodie | 17.2873 | 17.3815 | 17.4903 | 17.5845 | 17.6933 | 17.7875 | 17.8963 |
| Fibonacci | 17.3790 | 17.4566 | 17.5045 | 17.5820 | 17.6596 | 17.7075 | 17.7850 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.1095 | 17.3803 | 17.5378 | 17.8086 | 17.9661 | 18.2369 | 18.3944 |
| Camarilla | 17.5776 | 17.6169 | 17.6561 | 17.6954 | 17.7347 | 17.7739 | 17.8132 |
| Woodie | 17.0530 | 17.3520 | 17.4813 | 17.7803 | 17.9096 | 18.2086 | 18.3379 |
| Fibonacci | 17.3803 | 17.5439 | 17.6450 | 17.8086 | 17.9722 | 18.0733 | 18.2369 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.8169 | 17.2339 | 17.4647 | 17.8817 | 18.1125 | 18.5295 | 18.7603 |
| Camarilla | 17.5173 | 17.5766 | 17.6360 | 17.6954 | 17.7548 | 17.8142 | 17.8736 |
| Woodie | 16.7237 | 17.1874 | 17.3715 | 17.8352 | 18.0193 | 18.4830 | 18.6671 |
| Fibonacci | 17.2339 | 17.4814 | 17.6343 | 17.8817 | 18.1292 | 18.2821 | 18.5295 |
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): | 67.13 | |
| MACD (12,26,9): | 0.0396 | |
| Directional Movement: | 13.4100 | |
| AROON (14): | -7.1429 | |
| DEMA (21): | 17.7195 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.5400 | |
| Elder Ray (13): | 0.1028 | |
| Super Trend (3,10): | 17.5024 | |
| Zig ZAG (10): | 17.8381 | |
| VORTEX (21): | 1.1548 | |
| Stochastique (14,3,5): | 73.78 | |
| TEMA (21): | 17.7807 | |
| Williams %R (14): | -6.29 | |
| Chande Momentum Oscillator (20): | 0.1956 | |
| Repulse (5,40,3): | 0.8477 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0120 | |
| Courbe Coppock: | 1.75 |
| MA7: | 17.7866 | |
| MA20: | 17.9561 | |
| MA50: | 18.1511 | |
| MA100: | 18.2672 | |
| MAexp7: | 17.7631 | |
| MAexp20: | 17.6811 | |
| MAexp50: | 17.6758 | |
| MAexp100: | 17.7267 | |
| Price / MA7: | +0.30% | |
| Price / MA20: | -0.65% | |
| Price / MA50: | -1.71% | |
| Price / MA100: | -2.34% | |
| Price / MAexp7: | +0.43% | |
| Price / MAexp20: | +0.89% | |
| Price / MAexp50: | +0.92% | |
| Price / MAexp100: | +0.63% |
Quotes :
2020-11-04 08:21:08
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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