CHF/ZAR - 1H - Technical analysis published on 06/23/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
33%
22%
44%
My opinion
Bearish under 20.2697 ZAR
My targets
20.0389 ZAR (-0.1136)
19.8205 ZAR (-0.3320)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CHF/ZAR. As long as you are under the resistance located at 20.2697 ZAR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 20.0389 ZAR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 19.8205 ZAR as an objective. Crossing it would then enable sellers to target 17.6362 ZAR. If the resistance 20.2697 ZAR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3.6
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/ZAR rating is 20.1525 ZAR. The price has increased by +0.27% since the last closing and was between 20.1176 ZAR and 20.1628 ZAR. This implies that the price is at +0.17% from its lowest and at -0.05% from its highest.20.1176
20.1628
20.1525
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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
A technical analysis in 1H of this CHF/ZAR chart shows a bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 8 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
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 | 17.6362 | 19.8205 | 20.0389 | 20.1525 | 20.3256 | 20.4096 | 20.5876 |
| Change (%) | -12.49% | -1.65% | -0.56% | - | +0.86% | +1.28% | +2.16% |
| Change | -2.5163 | -0.3320 | -0.1136 | - | +0.1731 | +0.2571 | +0.4351 |
| Level | Intermediate | Major | Intermediate | - | Major | Major | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 19.8059 | 19.9141 | 20.0059 | 20.1141 | 20.2059 | 20.3141 | 20.4059 |
| Camarilla | 20.0428 | 20.0611 | 20.0795 | 20.0978 | 20.1161 | 20.1345 | 20.1528 |
| Woodie | 19.7978 | 19.9100 | 19.9978 | 20.1100 | 20.1978 | 20.3100 | 20.3978 |
| Fibonacci | 19.9141 | 19.9905 | 20.0377 | 20.1141 | 20.1905 | 20.2377 | 20.3141 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.1834 | 19.6028 | 19.8503 | 20.2697 | 20.5172 | 20.9366 | 21.1841 |
| Camarilla | 19.9144 | 19.9755 | 20.0367 | 20.0978 | 20.1589 | 20.2201 | 20.2812 |
| Woodie | 19.0975 | 19.5598 | 19.7644 | 20.2267 | 20.4313 | 20.8936 | 21.0982 |
| Fibonacci | 19.6028 | 19.8576 | 20.0149 | 20.2697 | 20.5245 | 20.6818 | 20.9366 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 42.35 | |
| MACD (12,26,9): | -0.0340 | |
| Directional Movement: | -5.5865 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 20.0640 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.1284 | |
| Elder Ray (13): | -0.0072 | |
| Super Trend (3,10): | 20.1941 | |
| Zig ZAG (10): | 20.0978 | |
| VORTEX (21): | 0.9196 | |
| Stochastique (14,3,5): | 37.07 | |
| TEMA (21): | 20.0710 | |
| Williams %R (14): | -62.20 | |
| Chande Momentum Oscillator (20): | 0.0264 | |
| Repulse (5,40,3): | -0.0087 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0311 | |
| Courbe Coppock: | 0.53 |
| MA7: | 20.3922 | |
| MA20: | 20.6069 | |
| MA50: | 20.5173 | |
| MA100: | 20.8972 | |
| MAexp7: | 20.0921 | |
| MAexp20: | 20.1142 | |
| MAexp50: | 20.1922 | |
| MAexp100: | 20.2988 | |
| Price / MA7: | -1.18% | |
| Price / MA20: | -2.21% | |
| Price / MA50: | -1.78% | |
| Price / MA100: | -3.56% | |
| Price / MAexp7: | +0.30% | |
| Price / MAexp20: | +0.19% | |
| Price / MAexp50: | -0.20% | |
| Price / MAexp100: | -0.72% |
Quotes :
-
Real time data
-
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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