CHF/ZAR - 1H - Technical analysis published on 10/26/2022 (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:
Slightly bullish
Technical indicators
33%
33%
33%
My opinion
Bearish under 18.3766 ZAR
My targets
18.2719 ZAR (-0.0331)
18.2210 ZAR (-0.0840)
My analysis
The strong short-term decline in CHF/ZAR calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 18.3766 ZAR, one could consider taking advantage of the short-term movement. The first bearish objective is located at 18.2719 ZAR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 18.2210 ZAR as an objective. Crossing it would then enable sellers to target 18.1613 ZAR. Be careful, a return to above 18.3766 ZAR could jeopardize the reversal.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
0.4
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Additional analysis
Quotes
The CHF/ZAR price is 18.3050 ZAR. The price has increased by +0.01% since the last closing with the lowest point at 18.3012 ZAR and the highest point at 18.3093 ZAR. The deviation from the price is +0.02% for the low point and -0.02% for the high point.18.3012
18.3093
18.3050
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 1H chart of CHF/ZAR indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 18.1613 | 18.2210 | 18.2719 | 18.3050 | 18.3766 | 18.4552 | 19.6009 |
| Change (%) | -0.79% | -0.46% | -0.18% | - | +0.39% | +0.82% | +7.08% |
| Change | -0.1437 | -0.0840 | -0.0331 | - | +0.0716 | +0.1502 | +1.2959 |
| Level | Minor | Minor | Major | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.0336 | 18.1485 | 18.2256 | 18.3405 | 18.4176 | 18.5325 | 18.6096 |
| Camarilla | 18.2499 | 18.2675 | 18.2851 | 18.3027 | 18.3203 | 18.3379 | 18.3555 |
| Woodie | 18.0147 | 18.1391 | 18.2067 | 18.3311 | 18.3987 | 18.5231 | 18.5907 |
| Fibonacci | 18.1485 | 18.2218 | 18.2672 | 18.3405 | 18.4138 | 18.4592 | 18.5325 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.8177 | 17.9428 | 18.0328 | 18.1579 | 18.2479 | 18.3730 | 18.4630 |
| Camarilla | 18.0637 | 18.0834 | 18.1031 | 18.1228 | 18.1425 | 18.1622 | 18.1820 |
| Woodie | 17.8002 | 17.9340 | 18.0153 | 18.1491 | 18.2304 | 18.3642 | 18.4455 |
| Fibonacci | 17.9428 | 18.0250 | 18.0757 | 18.1579 | 18.2401 | 18.2908 | 18.3730 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.99 | |
| MACD (12,26,9): | -0.0171 | |
| Directional Movement: | -6.6077 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 18.3130 | |
| Parabolic SAR (0,02-0,02-0,2): | 18.3962 | |
| Elder Ray (13): | -0.0093 | |
| Super Trend (3,10): | 18.4080 | |
| Zig ZAG (10): | 18.3055 | |
| VORTEX (21): | 0.8866 | |
| Stochastique (14,3,5): | 21.09 | |
| TEMA (21): | 18.2792 | |
| Williams %R (14): | -78.85 | |
| Chande Momentum Oscillator (20): | -0.1201 | |
| Repulse (5,40,3): | 0.0837 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0073 | |
| Courbe Coppock: | 1.27 |
| MA7: | 18.2335 | |
| MA20: | 18.2147 | |
| MA50: | 17.9974 | |
| MA100: | 17.5205 | |
| MAexp7: | 18.3042 | |
| MAexp20: | 18.3295 | |
| MAexp50: | 18.3193 | |
| MAexp100: | 18.2856 | |
| Price / MA7: | +0.39% | |
| Price / MA20: | +0.50% | |
| Price / MA50: | +1.71% | |
| Price / MA100: | +4.48% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | -0.08% | |
| Price / MAexp100: | +0.11% |
Quotes :
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Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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