CHF/ZAR - 1H - Technical analysis published on 06/16/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
22%
50%
28%
My opinion
Bearish under 15.3522 ZAR
My targets
15.2755 ZAR (-0.0233)
15.1637 ZAR (-0.1351)
My analysis
The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for CHF/ZAR as long as the price remains well below 15.3522 ZAR. The sellers' bearish objective is set at 15.2755 ZAR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 15.1637 ZAR. If there is any crossing, the next objective would be the support located at 15.0636 ZAR.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
2.3
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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 price is 15.2988 ZAR. The price is lower by -0.19% since the last closing and was traded between 15.2755 ZAR and 15.3486 ZAR over the period. The price is currently at +0.15% from its lowest and -0.32% from its highest.15.2755
15.3486
15.2988
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHF/ZAR indicates that the overall trend is not clearly defined. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 15.0636 | 15.1637 | 15.2755 | 15.2988 | 15.3522 | 15.4219 | 15.8598 |
| Change (%) | -1.54% | -0.88% | -0.15% | - | +0.35% | +0.80% | +3.67% |
| Change | -0.2352 | -0.1351 | -0.0233 | - | +0.0534 | +0.1231 | +0.5610 |
| Level | Minor | Major | Minor | - | Major | Intermediate | Major |
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 | 15.1155 | 15.1955 | 15.2619 | 15.3419 | 15.4083 | 15.4883 | 15.5547 |
| Camarilla | 15.2880 | 15.3015 | 15.3149 | 15.3283 | 15.3417 | 15.3551 | 15.3686 |
| Woodie | 15.1087 | 15.1921 | 15.2551 | 15.3385 | 15.4015 | 15.4849 | 15.5479 |
| Fibonacci | 15.1955 | 15.2514 | 15.2860 | 15.3419 | 15.3978 | 15.4324 | 15.4883 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.5484 | 14.7303 | 15.0033 | 15.1852 | 15.4582 | 15.6401 | 15.9131 |
| Camarilla | 15.1511 | 15.1928 | 15.2345 | 15.2762 | 15.3179 | 15.3596 | 15.4013 |
| Woodie | 14.5939 | 14.7531 | 15.0488 | 15.2080 | 15.5037 | 15.6629 | 15.9586 |
| Fibonacci | 14.7303 | 14.9041 | 15.0115 | 15.1852 | 15.3590 | 15.4664 | 15.6401 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.3424 | 14.7910 | 15.0329 | 15.4815 | 15.7234 | 16.1720 | 16.4139 |
| Camarilla | 15.0848 | 15.1481 | 15.2114 | 15.2747 | 15.3380 | 15.4013 | 15.4646 |
| Woodie | 14.2390 | 14.7393 | 14.9295 | 15.4298 | 15.6200 | 16.1203 | 16.3105 |
| Fibonacci | 14.7910 | 15.0548 | 15.2178 | 15.4815 | 15.7453 | 15.9083 | 16.1720 |
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): | 44.54 | |
| MACD (12,26,9): | -0.0075 | |
| Directional Movement: | -6.2058 | |
| AROON (14): | -35.7142 | |
| DEMA (21): | 15.3073 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.3360 | |
| Elder Ray (13): | -0.0134 | |
| Super Trend (3,10): | 15.2742 | |
| Zig ZAG (10): | 15.2894 | |
| VORTEX (21): | 0.8844 | |
| Stochastique (14,3,5): | 18.06 | |
| TEMA (21): | 15.2944 | |
| Williams %R (14): | -75.65 | |
| Chande Momentum Oscillator (20): | -0.0332 | |
| Repulse (5,40,3): | -0.1191 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0034 | |
| Courbe Coppock: | 0.42 |
| MA7: | 15.2678 | |
| MA20: | 15.2884 | |
| MA50: | 15.5036 | |
| MA100: | 15.8640 | |
| MAexp7: | 15.3005 | |
| MAexp20: | 15.3168 | |
| MAexp50: | 15.3129 | |
| MAexp100: | 15.2851 | |
| Price / MA7: | +0.20% | |
| Price / MA20: | +0.07% | |
| Price / MA50: | -1.32% | |
| Price / MA100: | -3.56% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | -0.09% | |
| Price / MAexp100: | +0.09% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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