CHF/ZAR - 1H - Technical analysis published on 02/13/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 20.3392 ZAR
My targets
20.5016 ZAR (+0.0573)
20.6205 ZAR (+0.1762)
My analysis
CHF/ZAR is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 20.3392 ZAR. The next resistance located at 20.5016 ZAR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 20.6205 ZAR. After this resistance, buyers could then target 20.6811 ZAR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8
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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 20.4443 ZAR. The price has increased by +0.80% since the last closing with the lowest point at 20.2408 ZAR and the highest point at 20.4858 ZAR. The deviation from the price is +1.01% for the low point and -0.20% for the high point.20.2408
20.4858
20.4443
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.
Bearish opening
Type : Bearish
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 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 strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
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:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 20.0807 | 20.1782 | 20.3392 | 20.4443 | 20.5016 | 20.6205 | 20.6811 |
| Change (%) | -1.78% | -1.30% | -0.51% | - | +0.28% | +0.86% | +1.16% |
| Change | -0.3636 | -0.2661 | -0.1051 | - | +0.0573 | +0.1762 | +0.2368 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Intermediate | 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 | 20.1293 | 20.1709 | 20.2262 | 20.2678 | 20.3231 | 20.3647 | 20.4200 |
| Camarilla | 20.2548 | 20.2636 | 20.2725 | 20.2814 | 20.2903 | 20.2992 | 20.3081 |
| Woodie | 20.1361 | 20.1743 | 20.2330 | 20.2712 | 20.3299 | 20.3681 | 20.4268 |
| Fibonacci | 20.1709 | 20.2080 | 20.2308 | 20.2678 | 20.3049 | 20.3277 | 20.3647 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.3763 | 19.7785 | 20.0137 | 20.4159 | 20.6511 | 21.0533 | 21.2885 |
| Camarilla | 20.0737 | 20.1321 | 20.1906 | 20.2490 | 20.3074 | 20.3659 | 20.4243 |
| Woodie | 19.2929 | 19.7368 | 19.9303 | 20.3742 | 20.5677 | 21.0116 | 21.2051 |
| Fibonacci | 19.7785 | 20.0220 | 20.1724 | 20.4159 | 20.6594 | 20.8098 | 21.0533 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.4154 | 19.8244 | 20.1585 | 20.5675 | 20.9016 | 21.3106 | 21.6447 |
| Camarilla | 20.2882 | 20.3563 | 20.4244 | 20.4925 | 20.5606 | 20.6287 | 20.6969 |
| Woodie | 19.3779 | 19.8057 | 20.1210 | 20.5488 | 20.8641 | 21.2919 | 21.6072 |
| Fibonacci | 19.8244 | 20.1083 | 20.2837 | 20.5675 | 20.8514 | 21.0268 | 21.3106 |
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): | 70.29 | |
| MACD (12,26,9): | 0.0459 | |
| Directional Movement: | 24.5084 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 20.4019 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.3208 | |
| Elder Ray (13): | 0.0592 | |
| Super Trend (3,10): | 20.3136 | |
| Zig ZAG (10): | 20.4134 | |
| VORTEX (21): | 1.1797 | |
| Stochastique (14,3,5): | 89.10 | |
| TEMA (21): | 20.4365 | |
| Williams %R (14): | -20.00 | |
| Chande Momentum Oscillator (20): | 0.1828 | |
| Repulse (5,40,3): | 0.3829 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0208 | |
| Courbe Coppock: | 1.37 |
| MA7: | 20.3506 | |
| MA20: | 20.4477 | |
| MA50: | 20.4917 | |
| MA100: | 20.4414 | |
| MAexp7: | 20.4177 | |
| MAexp20: | 20.3534 | |
| MAexp50: | 20.3115 | |
| MAexp100: | 20.3177 | |
| Price / MA7: | +0.46% | |
| Price / MA20: | -0.02% | |
| Price / MA50: | -0.23% | |
| Price / MA100: | +0.01% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | +0.45% | |
| Price / MAexp50: | +0.65% | |
| 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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