CHF/ZAR - 1H - Technical analysis published on 09/23/2024 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 20.5261 ZAR
My targets
20.3256 ZAR (-0.1626)
20.0807 ZAR (-0.4075)
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 20.5261 ZAR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 20.3256 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 20.0807 ZAR as an objective. Crossing it would then enable sellers to target 19.8205 ZAR. If the resistance 20.5261 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.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHF/ZAR rating 20.4882 ZAR. On the day, this instrument lost -0.05% and was between 20.3473 ZAR and 20.5671 ZAR. This implies that the price is at +0.69% from its lowest and at -0.38% from its highest.20.3473
20.5671
20.4882
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHF/ZAR:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/ZAR chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 19.8205 | 20.0807 | 20.3256 | 20.4882 | 20.5261 | 20.7530 | 20.9672 |
| Change (%) | -3.26% | -1.99% | -0.79% | - | +0.18% | +1.29% | +2.34% |
| Change | -0.6677 | -0.4075 | -0.1626 | - | +0.0379 | +0.2648 | +0.4790 |
| Level | Minor | Intermediate | Major | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.0572 | 20.2470 | 20.3730 | 20.5628 | 20.6888 | 20.8786 | 21.0046 |
| Camarilla | 20.4121 | 20.4410 | 20.4700 | 20.4989 | 20.5279 | 20.5568 | 20.5858 |
| Woodie | 20.0252 | 20.2311 | 20.3410 | 20.5469 | 20.6568 | 20.8627 | 20.9726 |
| Fibonacci | 20.2470 | 20.3677 | 20.4422 | 20.5628 | 20.6835 | 20.7580 | 20.8786 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.7712 | 20.1040 | 20.3015 | 20.6343 | 20.8318 | 21.1646 | 21.3621 |
| Camarilla | 20.3531 | 20.4017 | 20.4503 | 20.4989 | 20.5475 | 20.5961 | 20.6447 |
| Woodie | 19.7035 | 20.0702 | 20.2338 | 20.6005 | 20.7641 | 21.1308 | 21.2944 |
| Fibonacci | 20.1040 | 20.3066 | 20.4318 | 20.6343 | 20.8369 | 20.9621 | 21.1646 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.6837 | 19.5797 | 20.2793 | 21.1753 | 21.8749 | 22.7709 | 23.4705 |
| Camarilla | 20.5400 | 20.6863 | 20.8325 | 20.9788 | 21.1251 | 21.2713 | 21.4176 |
| Woodie | 18.5854 | 19.5306 | 20.1810 | 21.1262 | 21.7766 | 22.7218 | 23.3722 |
| Fibonacci | 19.5797 | 20.1893 | 20.5658 | 21.1753 | 21.7849 | 22.1614 | 22.7709 |
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): | 50.81 | |
| MACD (12,26,9): | -0.0151 | |
| Directional Movement: | 1.2938 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 20.4406 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.3692 | |
| Elder Ray (13): | 0.0139 | |
| Super Trend (3,10): | 20.5428 | |
| Zig ZAG (10): | 20.4816 | |
| VORTEX (21): | 1.0215 | |
| Stochastique (14,3,5): | 76.32 | |
| TEMA (21): | 20.4606 | |
| Williams %R (14): | -7.25 | |
| Chande Momentum Oscillator (20): | 0.0241 | |
| Repulse (5,40,3): | 0.1160 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0207 | |
| Courbe Coppock: | 0.13 |
| MA7: | 20.6995 | |
| MA20: | 20.9295 | |
| MA50: | 20.9019 | |
| MA100: | 20.6436 | |
| MAexp7: | 20.4699 | |
| MAexp20: | 20.4694 | |
| MAexp50: | 20.5266 | |
| MAexp100: | 20.6162 | |
| Price / MA7: | -1.02% | |
| Price / MA20: | -2.11% | |
| Price / MA50: | -1.98% | |
| Price / MA100: | -0.75% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | -0.18% | |
| Price / MAexp100: | -0.62% |
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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