CHF/ZAR - 1H - Technical analysis published on 06/04/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
44%
11%
44%
My opinion
Neutral between 20.5911 ZAR and 20.7824 ZAR
My targets
-
My analysis
The short-term decline on CHF/ZAR remains moderate but it could call into question the slightly bullish basic trend. It is difficult to advise a trading direction under these conditions. The first support is located at 20.5911 ZAR. The first resistance is located at 20.7824 ZAR. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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.
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Additional analysis
Quotes
CHF/ZAR rating 20.6989 ZAR. On the day, this instrument lost -0.01% and was traded between 20.6810 ZAR and 20.7190 ZAR over the period. The price is currently at +0.09% from its lowest and -0.10% from its highest.20.6810
20.7190
20.6989
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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 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 slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that the overall trend could be reversed. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 20.2288 | 20.3256 | 20.5911 | 20.6989 | 20.7824 | 20.9031 | 21.0326 |
| Change (%) | -2.27% | -1.80% | -0.52% | - | +0.40% | +0.99% | +1.61% |
| Change | -0.4701 | -0.3733 | -0.1078 | - | +0.0835 | +0.2042 | +0.3337 |
| Level | Major | Major | Intermediate | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.2737 | 20.4481 | 20.5742 | 20.7486 | 20.8747 | 21.0491 | 21.1752 |
| Camarilla | 20.6177 | 20.6452 | 20.6728 | 20.7003 | 20.7279 | 20.7554 | 20.7829 |
| Woodie | 20.2496 | 20.4360 | 20.5501 | 20.7365 | 20.8506 | 21.0370 | 21.1511 |
| Fibonacci | 20.4481 | 20.5629 | 20.6338 | 20.7486 | 20.8634 | 20.9343 | 21.0491 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.2902 | 19.6275 | 20.2284 | 20.5657 | 21.1666 | 21.5039 | 22.1048 |
| Camarilla | 20.5712 | 20.6572 | 20.7432 | 20.8292 | 20.9152 | 21.0012 | 21.0872 |
| Woodie | 19.4219 | 19.6934 | 20.3601 | 20.6316 | 21.2983 | 21.5698 | 22.2365 |
| Fibonacci | 19.6275 | 19.9859 | 20.2073 | 20.5657 | 20.9241 | 21.1455 | 21.5039 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.0110 | 19.4042 | 20.1167 | 20.5099 | 21.2224 | 21.6156 | 22.3281 |
| Camarilla | 20.5251 | 20.6265 | 20.7278 | 20.8292 | 20.9306 | 21.0319 | 21.1333 |
| Woodie | 19.1707 | 19.4840 | 20.2764 | 20.5897 | 21.3821 | 21.6954 | 22.4878 |
| Fibonacci | 19.4042 | 19.8266 | 20.0875 | 20.5099 | 20.9323 | 21.1932 | 21.6156 |
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): | 47.19 | |
| MACD (12,26,9): | -0.0210 | |
| Directional Movement: | -4.9398 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 20.6811 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.7622 | |
| Elder Ray (13): | 0.0059 | |
| Super Trend (3,10): | 20.8383 | |
| Zig ZAG (10): | 20.6883 | |
| VORTEX (21): | 0.9354 | |
| Stochastique (14,3,5): | 40.35 | |
| TEMA (21): | 20.6510 | |
| Williams %R (14): | -52.24 | |
| Chande Momentum Oscillator (20): | 0.0245 | |
| Repulse (5,40,3): | 0.1051 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0180 | |
| Courbe Coppock: | 0.65 |
| MA7: | 20.4736 | |
| MA20: | 20.2702 | |
| MA50: | 20.5299 | |
| MA100: | 21.0492 | |
| MAexp7: | 20.6858 | |
| MAexp20: | 20.7079 | |
| MAexp50: | 20.6917 | |
| MAexp100: | 20.5706 | |
| Price / MA7: | +1.10% | |
| Price / MA20: | +2.11% | |
| Price / MA50: | +0.82% | |
| Price / MA100: | -1.66% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | +0.62% |
Quotes :
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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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