CHF/ZAR - 1H - Technical analysis published on 12/02/2021 (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
Short term:
Bearish
Underlying:
Bearish
Technical indicators
22%
33%
44%
My opinion
Bearish under 17.3540 ZAR
My targets
17.1206 ZAR (-0.1606)
17.0066 ZAR (-0.2746)
My analysis
There is a bearish trend on CHF/ZAR both at the basic level and in the short term. A sale could be considered, so long as the price remains below 17.3540 ZAR. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 17.1206 ZAR. Then the price could move towards 17.0066 ZAR. Then 16.9067 ZAR by extension. Be careful, a return to above the resistance 17.3540 ZAR would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
3.2
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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 17.2812 ZAR. On the day, this instrument lost -0.71% with the lowest point at 17.2675 ZAR and the highest point at 17.4597 ZAR. The deviation from the price is +0.08% for the low point and -1.02% for the high point.17.2675
17.4597
17.2812
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
A technical analysis in 1H of this CHF/ZAR chart shows a bearish trend. 64.29% 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. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 8 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 16.9067 | 17.0066 | 17.1206 | 17.2812 | 17.3540 | 17.4203 | 17.5526 |
| Change (%) | -2.17% | -1.59% | -0.93% | - | +0.42% | +0.80% | +1.57% |
| Change | -0.3745 | -0.2746 | -0.1606 | - | +0.0728 | +0.1391 | +0.2714 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Intermediate | Minor |
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 | 16.8642 | 16.9917 | 17.1982 | 17.3257 | 17.5322 | 17.6597 | 17.8662 |
| Camarilla | 17.3130 | 17.3436 | 17.3742 | 17.4048 | 17.4354 | 17.4660 | 17.4967 |
| Woodie | 16.9038 | 17.0115 | 17.2378 | 17.3455 | 17.5718 | 17.6795 | 17.9058 |
| Fibonacci | 16.9917 | 17.1193 | 17.1981 | 17.3257 | 17.4533 | 17.5321 | 17.6597 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.3059 | 16.5869 | 17.1110 | 17.3920 | 17.9161 | 18.1971 | 18.7212 |
| Camarilla | 17.4136 | 17.4874 | 17.5612 | 17.6350 | 17.7088 | 17.7826 | 17.8564 |
| Woodie | 16.4274 | 16.6477 | 17.2325 | 17.4528 | 18.0376 | 18.2579 | 18.8427 |
| Fibonacci | 16.5869 | 16.8945 | 17.0845 | 17.3920 | 17.6996 | 17.8896 | 18.1971 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.0938 | 15.6871 | 16.4864 | 17.0797 | 17.8790 | 18.4723 | 19.2716 |
| Camarilla | 16.9026 | 17.0303 | 17.1580 | 17.2856 | 17.4133 | 17.5409 | 17.6686 |
| Woodie | 15.1967 | 15.7386 | 16.5893 | 17.1312 | 17.9819 | 18.5238 | 19.3745 |
| Fibonacci | 15.6871 | 16.2191 | 16.5478 | 17.0797 | 17.6117 | 17.9404 | 18.4723 |
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): | 45.74 | |
| MACD (12,26,9): | 0.0113 | |
| Directional Movement: | 1.6648 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 17.3751 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.4509 | |
| Elder Ray (13): | -0.0375 | |
| Super Trend (3,10): | 17.2434 | |
| Zig ZAG (10): | 17.3472 | |
| VORTEX (21): | 1.1059 | |
| Stochastique (14,3,5): | 23.82 | |
| TEMA (21): | 17.3965 | |
| Williams %R (14): | -71.50 | |
| Chande Momentum Oscillator (20): | -0.0793 | |
| Repulse (5,40,3): | -0.1136 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0193 | |
| Courbe Coppock: | 0.51 |
| MA7: | 17.3345 | |
| MA20: | 16.9214 | |
| MA50: | 16.4983 | |
| MA100: | 16.2337 | |
| MAexp7: | 17.3486 | |
| MAexp20: | 17.3558 | |
| MAexp50: | 17.3511 | |
| MAexp100: | 17.3291 | |
| Price / MA7: | -0.31% | |
| Price / MA20: | +2.13% | |
| Price / MA50: | +4.75% | |
| Price / MA100: | +6.45% | |
| Price / MAexp7: | -0.39% | |
| Price / MAexp20: | -0.43% | |
| Price / MAexp50: | -0.40% | |
| Price / MAexp100: | -0.28% |
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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