CHF/ZAR - 1H - Technical analysis published on 09/25/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 18.2360 ZAR
My targets
18.3766 ZAR (+0.0954)
18.4481 ZAR (+0.1669)
My analysis
CHF/ZAR is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 18.2360 ZAR. The next resistance located at 18.3766 ZAR is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 18.4481 ZAR. After this resistance, buyers could then target 19.6009 ZAR.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.5
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHF/ZAR rating 18.2812 ZAR. The price has increased by +0.00% since the last closing and was between 18.2518 ZAR and 18.2973 ZAR. This implies that the price is at +0.16% from its lowest and at -0.09% from its highest.18.2518
18.2973
18.2812
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHF/ZAR:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHF/ZAR indicates that the overall trend is bullish. The signals returned by the moving averages are 67.86% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 17.9628 | 18.0722 | 18.2360 | 18.2812 | 18.3766 | 18.4481 | 19.6009 |
| Change (%) | -1.74% | -1.14% | -0.25% | - | +0.52% | +0.91% | +7.22% |
| Change | -0.3184 | -0.2090 | -0.0452 | - | +0.0954 | +0.1669 | +1.3197 |
| Level | Minor | Minor | Major | - | Intermediate | Major | 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 | 17.6721 | 17.8174 | 18.0494 | 18.1947 | 18.4267 | 18.5720 | 18.8040 |
| Camarilla | 18.1775 | 18.2121 | 18.2467 | 18.2813 | 18.3159 | 18.3505 | 18.3851 |
| Woodie | 17.7154 | 17.8391 | 18.0927 | 18.2164 | 18.4700 | 18.5937 | 18.8473 |
| Fibonacci | 17.8174 | 17.9616 | 18.0506 | 18.1947 | 18.3389 | 18.4279 | 18.5720 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.3693 | 17.6191 | 17.9502 | 18.2000 | 18.5311 | 18.7809 | 19.1120 |
| Camarilla | 18.1216 | 18.1748 | 18.2281 | 18.2813 | 18.3346 | 18.3878 | 18.4411 |
| Woodie | 17.4100 | 17.6394 | 17.9909 | 18.2203 | 18.5718 | 18.8012 | 19.1527 |
| Fibonacci | 17.6191 | 17.8410 | 17.9781 | 18.2000 | 18.4219 | 18.5590 | 18.7809 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.4293 | 16.7769 | 17.1396 | 17.4872 | 17.8499 | 18.1975 | 18.5602 |
| Camarilla | 17.3071 | 17.3722 | 17.4373 | 17.5024 | 17.5675 | 17.6326 | 17.6977 |
| Woodie | 16.4370 | 16.7807 | 17.1473 | 17.4910 | 17.8576 | 18.2013 | 18.5679 |
| Fibonacci | 16.7769 | 17.0482 | 17.2158 | 17.4872 | 17.7585 | 17.9261 | 18.1975 |
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): | 62.00 | |
| MACD (12,26,9): | 0.0552 | |
| Directional Movement: | 14.6720 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 18.2616 | |
| Parabolic SAR (0,02-0,02-0,2): | 18.2585 | |
| Elder Ray (13): | 0.0527 | |
| Super Trend (3,10): | 18.0991 | |
| Zig ZAG (10): | 18.2813 | |
| VORTEX (21): | 1.2001 | |
| Stochastique (14,3,5): | 82.10 | |
| TEMA (21): | 18.3270 | |
| Williams %R (14): | -20.23 | |
| Chande Momentum Oscillator (20): | 0.1376 | |
| Repulse (5,40,3): | -0.0234 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0332 | |
| Courbe Coppock: | 2.59 |
| MA7: | 18.2726 | |
| MA20: | 17.9344 | |
| MA50: | 17.6545 | |
| MA100: | 17.0761 | |
| MAexp7: | 18.2696 | |
| MAexp20: | 18.2006 | |
| MAexp50: | 18.1806 | |
| MAexp100: | 18.2062 | |
| Price / MA7: | +0.05% | |
| Price / MA20: | +1.93% | |
| Price / MA50: | +3.55% | |
| Price / MA100: | +7.06% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.44% | |
| Price / MAexp50: | +0.55% | |
| Price / MAexp100: | +0.41% |
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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