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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 05/08/2024 (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: Bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 20.3256 ZAR
My targets
20.4963 ZAR (+0.0785)
20.5911 ZAR (+0.1733)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on CHF/ZAR. This is a positive signal for buyers. As long as the price remains above 20.3256 ZAR, a purchase could be considered. The first bullish objective is located at 20.4963 ZAR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 20.5911 ZAR as an objective. Crossing it would then enable buyers to target 20.9205 ZAR. In the event of a return below 20.3256 ZAR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be 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
5.5

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

CHF/ZAR rating 20.4178 ZAR. On the day, this instrument gained +0.21% and was traded between 20.3569 ZAR and 20.4228 ZAR over the period. The price is currently at +0.30% from its lowest and -0.02% from its highest.

20.3569
20.4228
20.4178

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



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of CHF/ZAR indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour


Near resistance of triangle

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


S3S2S1PriceR1R2R3
ProTrendLines 19.3389 20.2195 20.3256 20.4178 20.4963 20.5911 20.9205
Change (%) -5.28% -0.97% -0.45% - +0.38% +0.85% +2.46%
Change -1.0789 -0.1983 -0.0922 - +0.0785 +0.1733 +0.5027
Level Minor Minor Major - Major Major Minor



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
Standard20.143620.222320.299120.377820.454620.533320.6101
Camarilla20.333020.347320.361620.375820.390120.404320.4186
Woodie20.142620.221820.298120.377320.453620.532820.6091
Fibonacci20.222320.281720.318420.377820.437220.473920.5333


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard19.819820.019620.225920.425720.632020.831821.0381
Camarilla20.320420.357720.394920.432120.469320.506620.5438
Woodie19.823020.021220.229120.427320.635220.833421.0413
Fibonacci20.019620.174820.270620.425720.580920.676720.8318


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard18.985019.691620.062820.769421.140621.847222.2184
Camarilla20.137720.236520.335320.434120.532920.631720.7305
Woodie18.817419.607819.895220.685620.973021.763422.0508
Fibonacci19.691620.103320.357720.769421.181121.435521.8472

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 61.02
MACD (12,26,9): 0.0070
Directional Movement: 1.7763
AROON (14): 35.7142
DEMA (21): 20.3907
Parabolic SAR (0,02-0,02-0,2): 20.3309
Elder Ray (13): 0.0274
Super Trend (3,10): 20.4515
Zig ZAG (10): 20.4180
VORTEX (21): 1.0143
Stochastique (14,3,5): 95.39
TEMA (21): 20.4019
Williams %R (14): -4.07
Chande Momentum Oscillator (20): 0.0555
Repulse (5,40,3): 0.2212
ROCnROLL: 1
TRIX (15,9): -0.0003
Courbe Coppock: 0.37
MA7: 20.3834
MA20: 20.6635
MA50: 20.9162
MA100: 21.3419
MAexp7: 20.3998
MAexp20: 20.3849
MAexp50: 20.3855
MAexp100: 20.4066
Price / MA7: +0.17%
Price / MA20: -1.19%
Price / MA50: -2.38%
Price / MA100: -4.33%
Price / MAexp7: +0.09%
Price / MAexp20: +0.16%
Price / MAexp50: +0.16%
Price / MAexp100: +0.05%

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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