CHF/ZAR - 1H - Technical analysis published on 10/31/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 18.3319 ZAR
My targets
18.4553 ZAR (+0.0773)
18.6510 ZAR (+0.2730)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on CHF/ZAR. This is a positive signal for buyers. As long as the price remains above 18.3319 ZAR, a purchase could be considered. The first bullish objective is located at 18.4553 ZAR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 18.6510 ZAR as an objective. Crossing it would then enable buyers to target 19.6009 ZAR. In the event of a return below 18.3319 ZAR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7
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Additional analysis
Quotes
CHF/ZAR rating 18.3780 ZAR. The price registered an increase of +0.91% on the session with the lowest point at 18.1569 ZAR and the highest point at 18.3933 ZAR. The deviation from the price is +1.22% for the low point and -0.08% for the high point.18.1569
18.3933
18.3780
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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 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 CHF/ZAR in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. This 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.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
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 resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 18.2610 | 18.3319 | 18.3766 | 18.3780 | 18.4553 | 19.6009 |
| Change (%) | -0.64% | -0.25% | -0.01% | - | +0.42% | +6.65% |
| Change | -0.1170 | -0.0461 | -0.0014 | - | +0.0773 | +1.2229 |
| Level | Major | Minor | Intermediate | - | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.9905 | 18.0541 | 18.1329 | 18.1965 | 18.2753 | 18.3389 | 18.4177 |
| Camarilla | 18.1726 | 18.1857 | 18.1988 | 18.2118 | 18.2249 | 18.2379 | 18.2510 |
| Woodie | 17.9982 | 18.0579 | 18.1406 | 18.2003 | 18.2830 | 18.3427 | 18.4254 |
| Fibonacci | 18.0541 | 18.1085 | 18.1421 | 18.1965 | 18.2509 | 18.2845 | 18.3389 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.6010 | 17.8206 | 18.0162 | 18.2358 | 18.4314 | 18.6510 | 18.8466 |
| Camarilla | 18.0976 | 18.1357 | 18.1737 | 18.2118 | 18.2499 | 18.2879 | 18.3260 |
| Woodie | 17.5890 | 17.8146 | 18.0042 | 18.2298 | 18.4194 | 18.6450 | 18.8346 |
| Fibonacci | 17.8206 | 17.9792 | 18.0772 | 18.2358 | 18.3944 | 18.4924 | 18.6510 |
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): | 68.41 | |
| MACD (12,26,9): | 0.0337 | |
| Directional Movement: | 11.5474 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 18.3021 | |
| Parabolic SAR (0,02-0,02-0,2): | 18.2323 | |
| Elder Ray (13): | 0.0738 | |
| Super Trend (3,10): | 18.2068 | |
| Zig ZAG (10): | 18.3779 | |
| VORTEX (21): | 1.1713 | |
| Stochastique (14,3,5): | 93.96 | |
| TEMA (21): | 18.3264 | |
| Williams %R (14): | -2.29 | |
| Chande Momentum Oscillator (20): | 0.1675 | |
| Repulse (5,40,3): | 0.6124 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0191 | |
| Courbe Coppock: | 0.89 |
| MA7: | 18.2589 | |
| MA20: | 18.2118 | |
| MA50: | 18.0464 | |
| MA100: | 17.6131 | |
| MAexp7: | 18.3089 | |
| MAexp20: | 18.2622 | |
| MAexp50: | 18.2307 | |
| MAexp100: | 18.2278 | |
| Price / MA7: | +0.65% | |
| Price / MA20: | +0.91% | |
| Price / MA50: | +1.84% | |
| Price / MA100: | +4.34% | |
| Price / MAexp7: | +0.38% | |
| Price / MAexp20: | +0.63% | |
| Price / MAexp50: | +0.81% | |
| Price / MAexp100: | +0.82% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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