CHF/ZAR - 1H - Technical analysis published on 08/28/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
22%
44%
33%
My opinion
Bullish above 18.6280 ZAR
My targets
18.7336 ZAR (+0.0284)
18.8104 ZAR (+0.1052)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on CHF/ZAR as long as the price remains well above 18.6280 ZAR. The buyers” bullish objective is set at 18.7336 ZAR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 18.8104 ZAR. If there is any crossing, the next objective would be the resistance located at 19.0736 ZAR. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2.1
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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
CHF/ZAR rating 18.7052 ZAR. The price is lower by -0.25% since the last closing and was traded between 18.6751 ZAR and 18.7645 ZAR over the period. The price is currently at +0.16% from its lowest and -0.32% from its highest.18.6751
18.7645
18.7052
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
Here is a more detailed summary of the historical variations registered by CHF/ZAR:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/ZAR chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative 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 technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 18.3630 | 18.5454 | 18.6280 | 18.7052 | 18.7336 | 18.8104 | 19.0736 |
| Change (%) | -1.83% | -0.85% | -0.41% | - | +0.15% | +0.56% | +1.97% |
| Change | -0.3422 | -0.1598 | -0.0772 | - | +0.0284 | +0.1052 | +0.3684 |
| Level | Major | Major | Minor | - | 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 | 18.3236 | 18.4325 | 18.5925 | 18.7014 | 18.8614 | 18.9703 | 19.1303 |
| Camarilla | 18.6785 | 18.7031 | 18.7278 | 18.7524 | 18.7771 | 18.8017 | 18.8264 |
| Woodie | 18.3491 | 18.4453 | 18.6180 | 18.7142 | 18.8869 | 18.9831 | 19.1558 |
| Fibonacci | 18.4325 | 18.5353 | 18.5987 | 18.7014 | 18.8042 | 18.8676 | 18.9703 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.9473 | 18.3403 | 18.5774 | 18.9704 | 19.2075 | 19.6005 | 19.8376 |
| Camarilla | 18.6413 | 18.6991 | 18.7568 | 18.8146 | 18.8724 | 18.9301 | 18.9879 |
| Woodie | 17.8695 | 18.3013 | 18.4996 | 18.9314 | 19.1297 | 19.5615 | 19.7598 |
| Fibonacci | 18.3403 | 18.5810 | 18.7297 | 18.9704 | 19.2111 | 19.3598 | 19.6005 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.5847 | 17.0457 | 17.8644 | 18.3254 | 19.1441 | 19.6051 | 20.4238 |
| Camarilla | 18.3311 | 18.4484 | 18.5657 | 18.6830 | 18.8003 | 18.9176 | 19.0349 |
| Woodie | 16.7635 | 17.1351 | 18.0432 | 18.4148 | 19.3229 | 19.6945 | 20.6026 |
| Fibonacci | 17.0457 | 17.5346 | 17.8366 | 18.3254 | 18.8143 | 19.1163 | 19.6051 |
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): | 52.28 | |
| MACD (12,26,9): | 0.0250 | |
| Directional Movement: | 1.1589 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 18.7435 | |
| Parabolic SAR (0,02-0,02-0,2): | 18.7999 | |
| Elder Ray (13): | -0.0180 | |
| Super Trend (3,10): | 18.5797 | |
| Zig ZAG (10): | 18.7328 | |
| VORTEX (21): | 1.1339 | |
| Stochastique (14,3,5): | 45.72 | |
| TEMA (21): | 18.7481 | |
| Williams %R (14): | -64.82 | |
| Chande Momentum Oscillator (20): | -0.0532 | |
| Repulse (5,40,3): | -0.0399 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0313 | |
| Courbe Coppock: | 0.48 |
| MA7: | 18.7165 | |
| MA20: | 18.9760 | |
| MA50: | 18.4022 | |
| MA100: | 18.5083 | |
| MAexp7: | 18.7219 | |
| MAexp20: | 18.7032 | |
| MAexp50: | 18.6576 | |
| MAexp100: | 18.6717 | |
| Price / MA7: | -0.06% | |
| Price / MA20: | -1.43% | |
| Price / MA50: | +1.65% | |
| Price / MA100: | +1.06% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.25% | |
| Price / MAexp100: | +0.17% |
Quotes :
2020-08-28 06:13:40
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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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