CHF/ZAR - 1H - Technical analysis published on 11/08/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
33%
44%
My opinion
Bearish under 17.9777 ZAR
My targets
17.7287 ZAR (-0.1929)
17.6362 ZAR (-0.2854)
My analysis
CHF/ZAR is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 17.9777 ZAR. The next support located at 17.7287 ZAR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 17.6362 ZAR. Below this support, sellers could then target 17.1959 ZAR. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHF/ZAR rating 17.9216 ZAR. The price registered an increase of +0.00% on the session with the lowest point at 17.9107 ZAR and the highest point at 17.9266 ZAR. The deviation from the price is +0.06% for the low point and -0.03% for the high point.17.9107
17.9266
17.9216
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/ZAR chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed 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.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
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 | 16.8228 | 17.1959 | 17.6362 | 17.9216 | 18.0658 | 18.1538 | 18.2947 |
| Change (%) | -6.13% | -4.05% | -1.59% | - | +0.80% | +1.30% | +2.08% |
| Change | -1.0988 | -0.7257 | -0.2854 | - | +0.1442 | +0.2322 | +0.3731 |
| Level | Major | Minor | Intermediate | - | Minor | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.5801 | 17.7224 | 17.8222 | 17.9645 | 18.0643 | 18.2066 | 18.3064 |
| Camarilla | 17.8553 | 17.8775 | 17.8997 | 17.9219 | 17.9441 | 17.9663 | 17.9885 |
| Woodie | 17.5588 | 17.7118 | 17.8009 | 17.9539 | 18.0430 | 18.1960 | 18.2851 |
| Fibonacci | 17.7224 | 17.8149 | 17.8721 | 17.9645 | 18.0570 | 18.1142 | 18.2066 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.4660 | 17.7287 | 17.8679 | 18.1306 | 18.2698 | 18.5325 | 18.6717 |
| Camarilla | 17.8966 | 17.9334 | 17.9703 | 18.0071 | 18.0439 | 18.0808 | 18.1176 |
| Woodie | 17.4043 | 17.6978 | 17.8062 | 18.0997 | 18.2081 | 18.5016 | 18.6100 |
| Fibonacci | 17.7287 | 17.8822 | 17.9771 | 18.1306 | 18.2841 | 18.3790 | 18.5325 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.3934 | 17.6385 | 17.9777 | 18.2228 | 18.5620 | 18.8071 | 19.1463 |
| Camarilla | 18.1563 | 18.2099 | 18.2634 | 18.3170 | 18.3706 | 18.4241 | 18.4777 |
| Woodie | 17.4406 | 17.6620 | 18.0249 | 18.2463 | 18.6092 | 18.8306 | 19.1935 |
| Fibonacci | 17.6385 | 17.8617 | 17.9996 | 18.2228 | 18.4460 | 18.5839 | 18.8071 |
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): | 40.37 | |
| MACD (12,26,9): | -0.0346 | |
| Directional Movement: | -9.3039 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 17.9224 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.9603 | |
| Elder Ray (13): | -0.0139 | |
| Super Trend (3,10): | 18.0487 | |
| Zig ZAG (10): | 17.9341 | |
| VORTEX (21): | 0.8701 | |
| Stochastique (14,3,5): | 36.83 | |
| TEMA (21): | 17.9138 | |
| Williams %R (14): | -64.18 | |
| Chande Momentum Oscillator (20): | -0.0973 | |
| Repulse (5,40,3): | 0.0658 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0275 | |
| Courbe Coppock: | 1.26 |
| MA7: | 18.1483 | |
| MA20: | 18.2034 | |
| MA50: | 18.1071 | |
| MA100: | 17.7022 | |
| MAexp7: | 17.9356 | |
| MAexp20: | 17.9681 | |
| MAexp50: | 18.0283 | |
| MAexp100: | 18.0916 | |
| Price / MA7: | -1.25% | |
| Price / MA20: | -1.55% | |
| Price / MA50: | -1.02% | |
| Price / MA100: | +1.24% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.26% | |
| Price / MAexp50: | -0.59% | |
| Price / MAexp100: | -0.94% |
Quotes :
-
Real time data
-
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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