CHF/ZAR - 1H - Technical analysis published on 10/10/2022 (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:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 18.1416 ZAR
My targets
18.2725 ZAR (+0.0222)
18.3766 ZAR (+0.1263)
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 18.1416 ZAR. The next resistance located at 18.2725 ZAR is the next bullish objective 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 18.3766 ZAR. After this resistance, buyers could then target 18.4882 ZAR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/ZAR price is 18.2503 ZAR. On the day, this instrument gained +0.27% and was traded between 18.1857 ZAR and 18.2769 ZAR over the period. The price is currently at +0.36% from its lowest and -0.15% from its highest.18.1857
18.2769
18.2503
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
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
A technical analysis in 1H of this CHF/ZAR chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 17.9383 | 18.0288 | 18.1416 | 18.2503 | 18.2725 | 18.3766 | 18.4882 |
| Change (%) | -1.71% | -1.21% | -0.60% | - | +0.12% | +0.69% | +1.30% |
| Change | -0.3120 | -0.2215 | -0.1087 | - | +0.0222 | +0.1263 | +0.2379 |
| Level | Minor | Intermediate | Major | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.0001 | 18.0689 | 18.1349 | 18.2037 | 18.2697 | 18.3385 | 18.4045 |
| Camarilla | 18.1638 | 18.1762 | 18.1885 | 18.2009 | 18.2133 | 18.2256 | 18.2380 |
| Woodie | 17.9987 | 18.0682 | 18.1335 | 18.2030 | 18.2683 | 18.3378 | 18.4031 |
| Fibonacci | 18.0689 | 18.1204 | 18.1522 | 18.2037 | 18.2552 | 18.2870 | 18.3385 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.4704 | 17.6770 | 17.9389 | 18.1455 | 18.4074 | 18.6140 | 18.8759 |
| Camarilla | 18.0721 | 18.1150 | 18.1580 | 18.2009 | 18.2439 | 18.2868 | 18.3297 |
| Woodie | 17.4982 | 17.6908 | 17.9667 | 18.1593 | 18.4352 | 18.6278 | 18.9037 |
| Fibonacci | 17.6770 | 17.8559 | 17.9665 | 18.1455 | 18.3244 | 18.4350 | 18.6140 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.5777 | 16.9947 | 17.6550 | 18.0720 | 18.7323 | 19.1493 | 19.8096 |
| Camarilla | 18.0190 | 18.1178 | 18.2166 | 18.3153 | 18.4141 | 18.5128 | 18.6116 |
| Woodie | 16.6994 | 17.0555 | 17.7767 | 18.1328 | 18.8540 | 19.2101 | 19.9313 |
| Fibonacci | 16.9947 | 17.4062 | 17.6605 | 18.0720 | 18.4835 | 18.7378 | 19.1493 |
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): | 58.23 | |
| MACD (12,26,9): | 0.0222 | |
| Directional Movement: | 11.7923 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 18.2497 | |
| Parabolic SAR (0,02-0,02-0,2): | 18.2009 | |
| Elder Ray (13): | 0.0226 | |
| Super Trend (3,10): | 18.1135 | |
| Zig ZAG (10): | 18.2519 | |
| VORTEX (21): | 1.0548 | |
| Stochastique (14,3,5): | 78.97 | |
| TEMA (21): | 18.2514 | |
| Williams %R (14): | -27.85 | |
| Chande Momentum Oscillator (20): | 0.0064 | |
| Repulse (5,40,3): | 0.1784 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0176 | |
| Courbe Coppock: | 0.44 |
| MA7: | 18.1498 | |
| MA20: | 18.2197 | |
| MA50: | 17.8070 | |
| MA100: | 17.2952 | |
| MAexp7: | 18.2411 | |
| MAexp20: | 18.2202 | |
| MAexp50: | 18.1800 | |
| MAexp100: | 18.1585 | |
| Price / MA7: | +0.55% | |
| Price / MA20: | +0.17% | |
| Price / MA50: | +2.49% | |
| Price / MA100: | +5.52% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.17% | |
| Price / MAexp50: | +0.39% | |
| Price / MAexp100: | +0.51% |
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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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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