CHF/ZAR

- ZAR (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	CHFZAR
ISIN:

CHF/ZAR - 1H - Technical analysis published on 02/05/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

22%

17%

61%

My opinion

Bullish above 21.7808 ZAR

My targets

21.8389 ZAR (+0.0306)

21.8855 ZAR (+0.0772)

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 21.7808 ZAR. The buyers' bullish objective is set at 21.8389 ZAR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 21.8855 ZAR. If there is any crossing, the next objective would be the resistance located at 21.9141 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.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

3.8

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

The CHF/ZAR rating is 21.8083 ZAR. The price is lower by -0.01% since the last closing with the lowest point at 21.7316 ZAR and the highest point at 21.8416 ZAR. The deviation from the price is +0.35% for the low point and -0.15% for the high point.

21.7316

21.8416

21.8083

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:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this CHF/ZAR chart shows a bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

On the 18 technical indicators analysed, 4 are bullish, 11 are neutral and 3 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	21.6789	21.7146	21.7808	21.8083	21.8389	21.8855	21.9141
Change (%)	-0.59%	-0.43%	-0.13%	-	+0.14%	+0.35%	+0.49%
Change	-0.1294	-0.0937	-0.0275	-	+0.0306	+0.0772	+0.1058
Level	Intermediate	Minor	Minor	-	Intermediate	Major	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21.4709	21.5571	21.6843	21.7705	21.8977	21.9839	22.1111
Camarilla	21.7527	21.7723	21.7918	21.8114	21.8310	21.8505	21.8701
Woodie	21.4913	21.5674	21.7047	21.7808	21.9181	21.9942	22.1315
Fibonacci	21.5571	21.6387	21.6890	21.7705	21.8521	21.9024	21.9839

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21.2754	21.4237	21.6175	21.7658	21.9596	22.1079	22.3017
Camarilla	21.7173	21.7487	21.7800	21.8114	21.8428	21.8741	21.9055
Woodie	21.2983	21.4351	21.6404	21.7772	21.9825	22.1193	22.3246
Fibonacci	21.4237	21.5544	21.6351	21.7658	21.8965	21.9772	22.1079

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.8300	21.2035	21.4269	21.8004	22.0238	22.3973	22.6207
Camarilla	21.4862	21.5409	21.5956	21.6503	21.7050	21.7597	21.8145
Woodie	20.7550	21.1660	21.3519	21.7629	21.9488	22.3598	22.5457
Fibonacci	21.2035	21.4315	21.5724	21.8004	22.0284	22.1693	22.3973

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):	52.63
MACD (12,26,9):	0.0218
Directional Movement:	-8.7356
AROON (14):	35.7143
DEMA (21):	21.8311
Parabolic SAR (0,02-0,02-0,2):	21.7556
Elder Ray (13):	-0.0060
Super Trend (3,10):	21.6879
Zig ZAG (10):	21.8079
VORTEX (21):	1.0456
Stochastique (14,3,5):	74.02
TEMA (21):	21.8310
Williams %R (14):	-33.45
Chande Momentum Oscillator (20):	-0.0149
Repulse (5,40,3):	0.0003
ROCnROLL:	-1
TRIX (15,9):	0.0186
Courbe Coppock:	0.07

MA7:	21.7587
MA20:	21.8644
MA50:	21.6924
MA100:	21.2946
MAexp7:	21.8145
MAexp20:	21.7997
MAexp50:	21.7646
MAexp100:	21.7608
Price / MA7:	+0.23%
Price / MA20:	-0.26%
Price / MA50:	+0.53%
Price / MA100:	+2.41%
Price / MAexp7:	-0.03%
Price / MAexp20:	+0.03%
Price / MAexp50:	+0.19%
Price / MAexp100:	+0.21%

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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