CHF/ZAR - 1H - Technical analysis published on 08/23/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 16.6079 ZAR
My targets
16.8228 ZAR (+0.1478)
16.9728 ZAR (+0.2978)
My analysis
The basic bullish trend is very strong on CHF/ZAR but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 16.6079 ZAR. Crossing the first resistance at 16.8228 ZAR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 16.9728 ZAR as an objective. Crossing it would then enable buyers to target 17.1922 ZAR. Caution, a return to below 16.6079 ZAR would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
5.4
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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 16.6750 ZAR. The price registered a decrease of -0.04% on the session with the lowest point at 16.6033 ZAR and the highest point at 16.7366 ZAR. The deviation from the price is +0.43% for the low point and -0.37% for the high point.16.6033
16.7366
16.6750
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHF/ZAR:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CHF/ZAR in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 8 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 16.1314 | 16.3651 | 16.6079 | 16.6750 | 16.8228 | 17.1922 | 17.4269 |
| Change (%) | -3.26% | -1.86% | -0.40% | - | +0.89% | +3.10% | +4.51% |
| Change | -0.5436 | -0.3099 | -0.0671 | - | +0.1478 | +0.5172 | +0.7519 |
| Level | Minor | Intermediate | Intermediate | - | Major | Minor | Major |
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 | 16.3292 | 16.4461 | 16.5639 | 16.6808 | 16.7986 | 16.9155 | 17.0333 |
| Camarilla | 16.6173 | 16.6388 | 16.6603 | 16.6818 | 16.7033 | 16.7248 | 16.7463 |
| Woodie | 16.3298 | 16.4463 | 16.5645 | 16.6810 | 16.7992 | 16.9157 | 17.0339 |
| Fibonacci | 16.4461 | 16.5357 | 16.5911 | 16.6808 | 16.7704 | 16.8258 | 16.9155 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.4584 | 15.7494 | 16.2156 | 16.5066 | 16.9728 | 17.2638 | 17.7300 |
| Camarilla | 16.4736 | 16.5430 | 16.6124 | 16.6818 | 16.7512 | 16.8206 | 16.8900 |
| Woodie | 15.5460 | 15.7932 | 16.3032 | 16.5504 | 17.0604 | 17.3076 | 17.8176 |
| Fibonacci | 15.7494 | 16.0387 | 16.2174 | 16.5066 | 16.7959 | 16.9746 | 17.2638 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.6174 | 15.0012 | 15.5677 | 15.9515 | 16.5180 | 16.9018 | 17.4683 |
| Camarilla | 15.8728 | 15.9599 | 16.0470 | 16.1341 | 16.2212 | 16.3083 | 16.3954 |
| Woodie | 14.7087 | 15.0469 | 15.6590 | 15.9972 | 16.6093 | 16.9475 | 17.5596 |
| Fibonacci | 15.0012 | 15.3643 | 15.5885 | 15.9515 | 16.3146 | 16.5388 | 16.9018 |
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): | 56.23 | |
| MACD (12,26,9): | 0.0059 | |
| Directional Movement: | 4.2410 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 16.6788 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.7310 | |
| Elder Ray (13): | 0.0170 | |
| Super Trend (3,10): | 16.5609 | |
| Zig ZAG (10): | 16.6820 | |
| VORTEX (21): | 0.9616 | |
| Stochastique (14,3,5): | 32.91 | |
| TEMA (21): | 16.6431 | |
| Williams %R (14): | -45.37 | |
| Chande Momentum Oscillator (20): | -0.0055 | |
| Repulse (5,40,3): | -0.1149 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0155 | |
| Courbe Coppock: | 0.76 |
| MA7: | 16.4097 | |
| MA20: | 16.1556 | |
| MA50: | 15.8499 | |
| MA100: | 15.6832 | |
| MAexp7: | 16.6467 | |
| MAexp20: | 16.6622 | |
| MAexp50: | 16.6050 | |
| MAexp100: | 16.4929 | |
| Price / MA7: | +1.62% | |
| Price / MA20: | +3.21% | |
| Price / MA50: | +5.21% | |
| Price / MA100: | +6.32% | |
| Price / MAexp7: | +0.17% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.43% | |
| Price / MAexp100: | +1.11% |
Quotes :
-
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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