CHF/ZAR - 1H - Technical analysis published on 10/24/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 21.1796 ZAR
My targets
21.3919 ZAR (+0.1098)
21.4535 ZAR (+0.1714)
My analysis
With a bullish background trend, the price of CHF/ZAR is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 21.1796 ZAR. A bullish break in the resistance located at 21.3919 ZAR would boost the bullish momentum and fuel the basic trend. Then the price could move towards 21.4535 ZAR. Then 21.8855 ZAR by extension. It would be safer to wait for a bullish break in the resistance located at 21.3919 ZAR before allowing yourself to re trade long positions (at purchase) on CHF/ZAR. PS: if there is a bearish break in the support located at 21.1796 ZAR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
0.7
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Additional analysis
Quotes
The CHF/ZAR rating is 21.2821 ZAR. The price is lower by -0.01% since the last closing and was traded between 21.1783 ZAR and 21.4051 ZAR over the period. The price is currently at +0.49% from its lowest and -0.57% from its highest.21.1783
21.4051
21.2821
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 (5 years)
Type : Bullish
Timeframe : Weekly
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 an overall bullish trend. 67.86% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently being given by short-term moving averages indicate that this bullish trend may be running out of steam. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 4 are bullish, 8 are neutral and 6 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 21.0313 | 21.1796 | 21.2754 | 21.2821 | 21.3919 | 21.4535 | 21.8855 |
| Change (%) | -1.18% | -0.48% | -0.03% | - | +0.52% | +0.81% | +2.84% |
| Change | -0.2508 | -0.1025 | -0.0067 | - | +0.1098 | +0.1714 | +0.6034 |
| Level | Minor | Major | Minor | - | Intermediate | Intermediate | 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 | 20.8854 | 21.0339 | 21.1585 | 21.3070 | 21.4316 | 21.5801 | 21.7047 |
| Camarilla | 21.2081 | 21.2331 | 21.2582 | 21.2832 | 21.3082 | 21.3333 | 21.3583 |
| Woodie | 20.8736 | 21.0279 | 21.1467 | 21.3010 | 21.4198 | 21.5741 | 21.6929 |
| Fibonacci | 21.0339 | 21.1382 | 21.2026 | 21.3070 | 21.4113 | 21.4757 | 21.5801 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.1944 | 20.4729 | 20.8925 | 21.1710 | 21.5906 | 21.8691 | 22.2887 |
| Camarilla | 21.1200 | 21.1840 | 21.2480 | 21.3120 | 21.3760 | 21.4400 | 21.5040 |
| Woodie | 20.2649 | 20.5082 | 20.9630 | 21.2063 | 21.6611 | 21.9044 | 22.3592 |
| Fibonacci | 20.4729 | 20.7396 | 20.9044 | 21.1710 | 21.4377 | 21.6025 | 21.8691 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.0591 | 19.8066 | 20.2376 | 20.9851 | 21.4161 | 22.1636 | 22.5946 |
| Camarilla | 20.3445 | 20.4525 | 20.5606 | 20.6686 | 20.7766 | 20.8847 | 20.9927 |
| Woodie | 18.9009 | 19.7275 | 20.0794 | 20.9060 | 21.2579 | 22.0845 | 22.4364 |
| Fibonacci | 19.8066 | 20.2568 | 20.5349 | 20.9851 | 21.4353 | 21.7134 | 22.1636 |
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): | 49.16 | |
| MACD (12,26,9): | 0.0092 | |
| Directional Movement: | -4.4835 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 21.3128 | |
| Parabolic SAR (0,02-0,02-0,2): | 21.3971 | |
| Elder Ray (13): | -0.0090 | |
| Super Trend (3,10): | 21.2312 | |
| Zig ZAG (10): | 21.2914 | |
| VORTEX (21): | 1.0556 | |
| Stochastique (14,3,5): | 52.73 | |
| TEMA (21): | 21.3205 | |
| Williams %R (14): | -49.60 | |
| Chande Momentum Oscillator (20): | 0.0948 | |
| Repulse (5,40,3): | -0.1543 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0065 | |
| Courbe Coppock: | 0.63 |
| MA7: | 21.1519 | |
| MA20: | 21.0633 | |
| MA50: | 21.1685 | |
| MA100: | 21.0295 | |
| MAexp7: | 21.3063 | |
| MAexp20: | 21.3016 | |
| MAexp50: | 21.2867 | |
| MAexp100: | 21.2395 | |
| Price / MA7: | +0.62% | |
| Price / MA20: | +1.04% | |
| Price / MA50: | +0.54% | |
| Price / MA100: | +1.20% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.02% | |
| Price / MAexp100: | +0.20% |
Quotes :
-
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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