CHF/ZAR - 1H - Technical analysis published on 04/30/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
22%
28%
My opinion
Bullish above 15.7634 ZAR
My targets
15.8578 ZAR (+0.0412)
15.8689 ZAR (+0.0523)
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 15.7634 ZAR. The buyers” bullish objective is set at 15.8578 ZAR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 15.8689 ZAR. If there is any crossing, the next objective would be the resistance located at 16.8228 ZAR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
7
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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
CHF/ZAR rating 15.8166 ZAR. On the day, this instrument gained +0.58% with the lowest point at 15.7154 ZAR and the highest point at 15.9275 ZAR. The deviation from the price is +0.64% for the low point and -0.70% for the high point.15.7154
15.9275
15.8166
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:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHF/ZAR indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of triangle 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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 15.6048 | 15.6565 | 15.7634 | 15.8166 | 15.8578 | 16.8228 | 17.4269 |
| Change (%) | -1.34% | -1.01% | -0.34% | - | +0.26% | +6.36% | +10.18% |
| Change | -0.2118 | -0.1601 | -0.0532 | - | +0.0412 | +1.0062 | +1.6103 |
| Level | Minor | Intermediate | Intermediate | - | Major | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 15.3593 | 15.4480 | 15.5868 | 15.6755 | 15.8143 | 15.9030 | 16.0418 |
| Camarilla | 15.6630 | 15.6839 | 15.7048 | 15.7256 | 15.7465 | 15.7673 | 15.7882 |
| Woodie | 15.3844 | 15.4605 | 15.6119 | 15.6880 | 15.8394 | 15.9155 | 16.0669 |
| Fibonacci | 15.4480 | 15.5349 | 15.5886 | 15.6755 | 15.7624 | 15.8161 | 15.9030 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.3352 | 15.4060 | 15.5131 | 15.5839 | 15.6910 | 15.7618 | 15.8689 |
| Camarilla | 15.5713 | 15.5876 | 15.6039 | 15.6202 | 15.6365 | 15.6528 | 15.6691 |
| Woodie | 15.3534 | 15.4151 | 15.5313 | 15.5930 | 15.7092 | 15.7709 | 15.8871 |
| Fibonacci | 15.4060 | 15.4740 | 15.5159 | 15.5839 | 15.6519 | 15.6938 | 15.7618 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.2208 | 14.9116 | 15.2853 | 15.9761 | 16.3498 | 17.0406 | 17.4143 |
| Camarilla | 15.3664 | 15.4639 | 15.5615 | 15.6591 | 15.7567 | 15.8543 | 15.9518 |
| Woodie | 14.0624 | 14.8323 | 15.1269 | 15.8968 | 16.1914 | 16.9613 | 17.2559 |
| Fibonacci | 14.9116 | 15.3182 | 15.5694 | 15.9761 | 16.3827 | 16.6339 | 17.0406 |
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): | 54.30 | |
| MACD (12,26,9): | 0.0363 | |
| Directional Movement: | 14.4302 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 15.8177 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.9275 | |
| Elder Ray (13): | 0.0125 | |
| Super Trend (3,10): | 15.7614 | |
| Zig ZAG (10): | 15.7753 | |
| VORTEX (21): | 1.0976 | |
| Stochastique (14,3,5): | 49.72 | |
| TEMA (21): | 15.8273 | |
| Williams %R (14): | -69.17 | |
| Chande Momentum Oscillator (20): | 0.0396 | |
| Repulse (5,40,3): | -0.3064 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0303 | |
| Courbe Coppock: | 0.99 |
| MA7: | 15.6755 | |
| MA20: | 15.6415 | |
| MA50: | 15.9193 | |
| MA100: | 16.3427 | |
| MAexp7: | 15.8047 | |
| MAexp20: | 15.7728 | |
| MAexp50: | 15.7257 | |
| MAexp100: | 15.6884 | |
| Price / MA7: | +0.90% | |
| Price / MA20: | +1.12% | |
| Price / MA50: | -0.65% | |
| Price / MA100: | -3.22% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.28% | |
| Price / MAexp50: | +0.58% | |
| Price / MAexp100: | +0.82% |
Quotes :
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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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