CHF/ZAR - 1H - Technical analysis published on 07/02/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
39%
33%
28%
My opinion
Bearish under 17.9967 ZAR
My targets
17.8385 ZAR (-0.1149)
17.6197 ZAR (-0.3337)
My analysis
CHF/ZAR is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 17.9967 ZAR. The next support located at 17.8385 ZAR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 17.6197 ZAR. Below this support, sellers could then target 17.4004 ZAR. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/ZAR rating is 17.9534 ZAR. The price registered a decrease of -0.44% on the session and was traded between 17.8753 ZAR and 18.0439 ZAR over the period. The price is currently at +0.44% from its lowest and -0.50% from its highest.17.8753
18.0439
17.9534
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:
Technical
A technical analysis in 1H of this CHF/ZAR chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 5 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 14.5757 | 15.8702 | 17.4004 | 17.9534 | 17.9967 | 18.1300 | 18.2056 |
| Change (%) | -18.81% | -11.60% | -3.08% | - | +0.24% | +0.98% | +1.40% |
| Change | -3.3777 | -2.0832 | -0.5530 | - | +0.0433 | +0.1766 | +0.2522 |
| Level | Intermediate | Major | Intermediate | - | 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 | 17.5494 | 17.7730 | 17.9031 | 18.1267 | 18.2568 | 18.4804 | 18.6105 |
| Camarilla | 17.9358 | 17.9683 | 18.0007 | 18.0331 | 18.0655 | 18.0979 | 18.1304 |
| Woodie | 17.5026 | 17.7496 | 17.8563 | 18.1033 | 18.2100 | 18.4570 | 18.5637 |
| Fibonacci | 17.7730 | 17.9082 | 17.9916 | 18.1267 | 18.2619 | 18.3453 | 18.4804 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.6197 | 17.8385 | 18.0398 | 18.2586 | 18.4599 | 18.6787 | 18.8800 |
| Camarilla | 18.1257 | 18.1642 | 18.2027 | 18.2412 | 18.2797 | 18.3182 | 18.3567 |
| Woodie | 17.6111 | 17.8341 | 18.0312 | 18.2542 | 18.4513 | 18.6743 | 18.8714 |
| Fibonacci | 17.8385 | 17.9989 | 18.0981 | 18.2586 | 18.4191 | 18.5182 | 18.6787 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.3793 | 16.8319 | 17.5722 | 18.0248 | 18.7651 | 19.2177 | 19.9580 |
| Camarilla | 17.9846 | 18.0939 | 18.2033 | 18.3126 | 18.4220 | 18.5313 | 18.6407 |
| Woodie | 16.5233 | 16.9038 | 17.7162 | 18.0967 | 18.9091 | 19.2896 | 20.1020 |
| Fibonacci | 16.8319 | 17.2876 | 17.5691 | 18.0248 | 18.4805 | 18.7620 | 19.2177 |
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): | 34.82 | |
| MACD (12,26,9): | -0.0541 | |
| Directional Movement: | -10.2881 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 17.9053 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.9699 | |
| Elder Ray (13): | -0.0061 | |
| Super Trend (3,10): | 18.0419 | |
| Zig ZAG (10): | 17.9413 | |
| VORTEX (21): | 0.8934 | |
| Stochastique (14,3,5): | 33.26 | |
| TEMA (21): | 17.8986 | |
| Williams %R (14): | -58.71 | |
| Chande Momentum Oscillator (20): | -0.0691 | |
| Repulse (5,40,3): | 0.0012 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0489 | |
| Courbe Coppock: | 1.07 |
| MA7: | 18.1664 | |
| MA20: | 18.0157 | |
| MA50: | 18.4082 | |
| MA100: | 17.9856 | |
| MAexp7: | 17.9387 | |
| MAexp20: | 17.9807 | |
| MAexp50: | 18.0717 | |
| MAexp100: | 18.1364 | |
| Price / MA7: | -1.17% | |
| Price / MA20: | -0.35% | |
| Price / MA50: | -2.47% | |
| Price / MA100: | -0.18% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | -0.66% | |
| Price / MAexp100: | -1.01% |
Quotes :
2020-07-02 16:01:44
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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.
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