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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 12/22/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
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Summary of the analysis

Trends
Short term: Bearish
Underlying: Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 17.1673 ZAR
My targets
17.0700 ZAR (-0.0777)
16.8845 ZAR (-0.2632)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on CHF/ZAR as long as the price remains well below 17.1673 ZAR. The next bearish objective for sellers is set at 17.0700 ZAR. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 16.8845 ZAR. If there is any crossing, the next objective would be the support located at 16.8228 ZAR. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.4

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 17.1477 ZAR. On the day, this instrument lost -0.08% and was between 17.1307 ZAR and 17.2215 ZAR. This implies that the price is at +0.10% from its lowest and at -0.43% from its highest.

17.1307
17.2215
17.1477

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



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of CHF/ZAR in 1H shows an overall bearish trend. 75.00% 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 several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near horizontal resistance

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 16.2628 16.8228 17.0700 17.1477 17.1673 17.2232 17.3314
Change (%) -5.16% -1.89% -0.45% - +0.11% +0.44% +1.07%
Change -0.8849 -0.3249 -0.0777 - +0.0196 +0.0755 +0.1837
Level Minor Major Minor - Intermediate Major 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
Standard16.963417.028717.095117.160417.226817.292117.3585
Camarilla17.125317.137417.149417.161517.173617.185717.1977
Woodie16.964017.029017.095717.160717.227417.292417.3591
Fibonacci17.028717.079017.110117.160417.210717.241817.2921


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard16.625416.884517.048917.308017.472417.731517.8959
Camarilla17.096717.135617.174417.213217.252017.290817.3297
Woodie16.578016.860817.001517.284317.425017.707817.8485
Fibonacci16.884517.046317.146317.308017.469817.569817.7315


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15.093815.687116.486417.079717.879018.472319.2716
Camarilla16.902617.030317.158017.285617.413317.540917.6686
Woodie15.196715.738616.589317.131217.981918.523819.3745
Fibonacci15.687116.219116.547817.079717.611717.940418.4723

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): 62.66
MACD (12,26,9): 0.0097
Directional Movement: 5.2842
AROON (14): 50.0000
DEMA (21): 17.1897
Parabolic SAR (0,02-0,02-0,2): 17.1452
Elder Ray (13): 0.0233
Super Trend (3,10): 17.2224
Zig ZAG (10): 17.2135
VORTEX (21): 1.0673
Stochastique (14,3,5): 87.56
TEMA (21): 17.2027
Williams %R (14): -16.75
Chande Momentum Oscillator (20): 0.0467
Repulse (5,40,3): 0.0962
ROCnROLL: 1
TRIX (15,9): 0.0044
Courbe Coppock: 0.26
MA7: 17.2518
MA20: 17.3011
MA50: 16.8084
MA100: 16.4120
MAexp7: 17.1900
MAexp20: 17.1802
MAexp50: 17.1844
MAexp100: 17.2169
Price / MA7: -0.60%
Price / MA20: -0.89%
Price / MA50: +2.02%
Price / MA100: +4.48%
Price / MAexp7: -0.25%
Price / MAexp20: -0.19%
Price / MAexp50: -0.21%
Price / MAexp100: -0.40%

Quotes : - Real time data - Forex

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

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