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 02/14/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Bearish
Underlying: Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 21.5782 ZAR
My targets
21.3916 ZAR (-0.1554)
21.3341 ZAR (-0.2129)
My analysis
The bearish basic trend is very strong on CHF/ZAR but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 21.5782 ZAR. Crossing the first support at 21.3916 ZAR would be a sign of a further potential price plummet. Sellers would then use the next support located at 21.3341 ZAR as an objective. Crossing it would then enable sellers to target 21.0251 ZAR. Caution, a return to above the resistance located at 21.5782 ZAR would be a sign of a possible consolidation phase of the short-term basic trend. 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.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.2

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:
15 min. Daily Weekly

Additional analysis

Quotes

CHF/ZAR rating 21.5470 ZAR. On the day, this instrument lost -0.02% and was between 21.5165 ZAR and 21.5810 ZAR. This implies that the price is at +0.14% from its lowest and at -0.16% from its highest.

21.5165
21.5810
21.5470

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by CHF/ZAR:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of CHF/ZAR in 1H shows a overall strongly bearish trend. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour



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

Central Indicators

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

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

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

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 a result that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

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:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 20.5911 21.0251 21.3341 21.5470 21.5782 21.6290 21.7223
Change (%) -4.44% -2.42% -0.99% - +0.14% +0.38% +0.81%
Change -0.9559 -0.5219 -0.2129 - +0.0312 +0.0820 +0.1753
Level Minor Intermediate Intermediate - Intermediate Minor Intermediate



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
Standard21.097221.228521.389521.520821.681821.813121.9741
Camarilla21.470121.496921.523721.550521.577321.604121.6309
Woodie21.112121.235921.404421.528221.696721.820521.9890
Fibonacci21.228521.340221.409121.520821.632521.701421.8131


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard21.206121.391621.578021.763521.949922.135422.3218
Camarilla21.662121.696221.730321.764421.798521.832621.8667
Woodie21.206621.391821.578521.763721.950422.135622.3223
Fibonacci21.391621.533721.621421.763521.905621.993322.1354


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard20.830021.203521.426921.800422.023822.397322.6207
Camarilla21.486221.540921.595621.650321.705021.759721.8145
Woodie20.755021.166021.351921.762921.948822.359822.5457
Fibonacci21.203521.431521.572421.800422.028422.169322.3973

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): 49.08
MACD (12,26,9): -0.0053
Directional Movement: -5.0171
AROON (14): -78.5714
DEMA (21): 21.5408
Parabolic SAR (0,02-0,02-0,2): 21.5941
Elder Ray (13): -0.0048
Super Trend (3,10): 21.4499
Zig ZAG (10): 21.5511
VORTEX (21): 1.1560
Stochastique (14,3,5): 28.32
TEMA (21): 21.5556
Williams %R (14): -66.91
Chande Momentum Oscillator (20): -0.0494
Repulse (5,40,3): -0.0819
ROCnROLL: 2
TRIX (15,9): -0.0053
Courbe Coppock: 0.15
MA7: 21.6438
MA20: 21.7666
MA50: 21.7308
MA100: 21.3446
MAexp7: 21.5477
MAexp20: 21.5513
MAexp50: 21.5832
MAexp100: 21.6253
Price / MA7: -0.45%
Price / MA20: -1.01%
Price / MA50: -0.85%
Price / MA100: +0.95%
Price / MAexp7: +0.00%
Price / MAexp20: -0.02%
Price / MAexp50: -0.17%
Price / MAexp100: -0.36%

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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