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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 12/12/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
44%
28%
28%
My opinion
Bullish above 18.6325 ZAR
My targets
18.7665 ZAR (+0.1143)
18.9177 ZAR (+0.2655)
My analysis
The bullish trend is currently very strong on CHF/ZAR. As long as the price remains above the support at 18.6325 ZAR, you could try to benefit from the boom. The first bullish objective is located at 18.7665 ZAR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 18.9177 ZAR as an objective. Crossing it would then enable buyers to target 19.0736 ZAR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.6

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CHF/ZAR price is 18.6522 ZAR. On the day, this instrument gained +0.53% and was traded between 18.4317 ZAR and 18.6529 ZAR over the period. The price is currently at +1.20% from its lowest and +0.00% from its highest.

18.4317
18.6529
18.6522

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by CHF/ZAR:
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


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of CHF/ZAR in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



In fact, of the 18 technical indicators analysed by Central Analyzer, 8 are bullish, 5 are neutral and 5 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

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:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 18.3276 18.4450 18.6325 18.6522 18.7665 19.0736 19.6009
Change (%) -1.74% -1.11% -0.11% - +0.61% +2.26% +5.09%
Change -0.3246 -0.2072 -0.0197 - +0.1143 +0.4214 +0.9487
Level Major Major Intermediate - Major Intermediate Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard18.032018.167718.361218.496918.690418.826119.0196
Camarilla18.464318.494518.524618.554818.585018.615218.6453
Woodie18.061018.182218.390218.511418.719418.840619.0486
Fibonacci18.167718.293418.371118.496918.622618.700318.8261


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard17.802917.984318.269618.451018.736318.917719.2030
Camarilla18.426518.469218.512018.554818.597618.640418.6831
Woodie17.854818.010318.321518.477018.788218.943719.2549
Fibonacci17.984318.162618.272818.451018.629318.739518.9177


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard17.110717.436817.810518.136618.510318.836419.2101
Camarilla17.991918.056018.120218.184318.248518.312618.3768
Woodie17.134617.448717.834418.148518.534218.848319.2340
Fibonacci17.436817.704117.869218.136618.403918.569018.8364

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): 53.59
MACD (12,26,9): 0.0187
Directional Movement: -4.5048
AROON (14): -85.7142
DEMA (21): 18.5622
Parabolic SAR (0,02-0,02-0,2): 18.5784
Elder Ray (13): -0.0393
Super Trend (3,10): 18.6011
Zig ZAG (10): 18.5477
VORTEX (21): 0.9463
Stochastique (14,3,5): 24.85
TEMA (21): 18.5415
Williams %R (14): -34.88
Chande Momentum Oscillator (20): -0.0075
Repulse (5,40,3): 0.2806
ROCnROLL: 1
TRIX (15,9): 0.0317
Courbe Coppock: 0.50
MA7: 18.4707
MA20: 18.2711
MA50: 18.2161
MA100: 17.9753
MAexp7: 18.5249
MAexp20: 18.5255
MAexp50: 18.4676
MAexp100: 18.4226
Price / MA7: +0.98%
Price / MA20: +2.09%
Price / MA50: +2.39%
Price / MA100: +3.77%
Price / MAexp7: +0.69%
Price / MAexp20: +0.69%
Price / MAexp50: +1.00%
Price / MAexp100: +1.25%

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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Londinia AI

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