CHF/ZAR

- ZAR (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	CHFZAR
ISIN:

CHF/ZAR - Daily - Technical analysis published on 10/12/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

56%

11%

33%

My opinion

Bullish above 17.9668 ZAR

My targets

18.3766 ZAR (+0.1142)

19.1493 ZAR (+0.8869)

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 17.9668 ZAR. The next resistance located at 18.3766 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 19.1493 ZAR. After this resistance, buyers could then target 19.6009 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

7.5

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

CHF/ZAR rating 18.2624 ZAR. On the day, this instrument gained +0.24% and was between 18.2079 ZAR and 18.2706 ZAR. This implies that the price is at +0.30% from its lowest and at -0.04% from its highest.

18.2079

18.2706

18.2624

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of CHF/ZAR indicates that the overall trend is strongly bullish. 92.86% 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	17.1959	17.6372	17.9668	18.2624	18.3766	19.6009
Change (%)	-5.84%	-3.42%	-1.62%	-	+0.63%	+7.33%
Change	-1.0665	-0.6252	-0.2956	-	+0.1142	+1.3385
Level	Minor	Intermediate	Intermediate	-	Major	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	17.9155	17.9953	18.1068	18.1866	18.2981	18.3779	18.4894
Camarilla	18.1657	18.1832	18.2008	18.2183	18.2358	18.2534	18.2709
Woodie	17.9314	18.0032	18.1227	18.1945	18.3140	18.3858	18.5053
Fibonacci	17.9953	18.0684	18.1135	18.1866	18.2597	18.3048	18.3779

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.4704	17.6770	17.9389	18.1455	18.4074	18.6140	18.8759
Camarilla	18.0721	18.1150	18.1580	18.2009	18.2439	18.2868	18.3297
Woodie	17.4982	17.6908	17.9667	18.1593	18.4352	18.6278	18.9037
Fibonacci	17.6770	17.8559	17.9665	18.1455	18.3244	18.4350	18.6140

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.5777	16.9947	17.6550	18.0720	18.7323	19.1493	19.8096
Camarilla	18.0190	18.1178	18.2166	18.3153	18.4141	18.5128	18.6116
Woodie	16.6994	17.0555	17.7767	18.1328	18.8540	19.2101	19.9313
Fibonacci	16.9947	17.4062	17.6605	18.0720	18.4835	18.7378	19.1493

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):	56.19
MACD (12,26,9):	0.0907
Directional Movement:	0.8060
AROON (14):	35.7143
DEMA (21):	18.2790
Parabolic SAR (0,02-0,02-0,2):	18.4199
Elder Ray (13):	0.0585
Super Trend (3,10):	17.7319
Zig ZAG (10):	18.2576
VORTEX (21):	1.0875
Stochastique (14,3,5):	52.92
TEMA (21):	18.2259
Williams %R (14):	-37.18
Chande Momentum Oscillator (20):	0.0559
Repulse (5,40,3):	0.6972
ROCnROLL:	1
TRIX (15,9):	0.0993
Courbe Coppock:	0.62

MA7:	18.1590
MA20:	18.2193
MA50:	17.8328
MA100:	17.3320
MAexp7:	18.1942
MAexp20:	18.1360
MAexp50:	17.8693
MAexp100:	17.4881
Price / MA7:	+0.57%
Price / MA20:	+0.24%
Price / MA50:	+2.41%
Price / MA100:	+5.37%
Price / MAexp7:	+0.38%
Price / MAexp20:	+0.70%
Price / MAexp50:	+2.20%
Price / MAexp100:	+4.43%

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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