CHF/ZAR - 1H - Technical analysis published on 11/05/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
39%
33%
28%
My opinion
Bearish under 14.9298 ZAR
My targets
14.8005 ZAR (-0.51%)
14.6564 ZAR (-1.48%)
My analysis
CHF/ZAR is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 14.9298 ZAR. The next support located at 14.8005 ZAR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 14.6564 ZAR. Below this support, sellers could then target 14.5640 ZAR.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
4.1
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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 14.8762 ZAR. The price registered a decrease of -0.54% on the session with the lowest point at 14.8153 ZAR and the highest point at 14.9966 ZAR. The deviation from the price is +0.41% for the low point and -0.80% for the high point.14.8153
14.9966
14.8762
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHF/ZAR:
Technical
A technical analysis in 1H of this CHF/ZAR chart shows a bearish trend. 75% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish 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 does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
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 support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.5640 | 14.6564 | 14.8005 | 14.8762 | 14.9298 | 15.0076 | 15.1689 |
| Change (%) | -2.10% | -1.48% | -0.51% | - | +0.36% | +0.88% | +1.97% |
| Change | -0.3122 | -0.2198 | -0.0757 | - | +0.0536 | +0.1314 | +0.2927 |
| Level | Major | Minor | Intermediate | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.8683 | 14.9321 | 14.9807 | 15.0445 | 15.0931 | 15.1569 | 15.2055 |
| Camarilla | 14.9983 | 15.0086 | 15.0189 | 15.0292 | 15.0395 | 15.0498 | 15.0601 |
| Woodie | 14.8606 | 14.9283 | 14.9730 | 15.0407 | 15.0854 | 15.1531 | 15.1978 |
| Fibonacci | 14.9321 | 14.9751 | 15.0016 | 15.0445 | 15.0875 | 15.1140 | 15.1569 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.9218 | 14.2470 | 14.7491 | 15.0743 | 15.5764 | 15.9016 | 16.4037 |
| Camarilla | 15.0238 | 15.0996 | 15.1755 | 15.2513 | 15.3271 | 15.4030 | 15.4788 |
| Woodie | 14.0104 | 14.2912 | 14.8377 | 15.1185 | 15.6650 | 15.9458 | 16.4923 |
| Fibonacci | 14.2470 | 14.5630 | 14.7582 | 15.0743 | 15.3903 | 15.5855 | 15.9016 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.8677 | 14.2199 | 14.7673 | 15.1195 | 15.6669 | 16.0191 | 16.5665 |
| Camarilla | 15.0673 | 15.1498 | 15.2322 | 15.3147 | 15.3972 | 15.4796 | 15.5621 |
| Woodie | 13.9653 | 14.2687 | 14.8649 | 15.1683 | 15.7645 | 16.0679 | 16.6641 |
| Fibonacci | 14.2199 | 14.5636 | 14.7759 | 15.1195 | 15.4632 | 15.6755 | 16.0191 |
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): | 36.90 | |
| MACD (12,26,9): | -0.0832 | |
| Directional Movement: | -16.1486 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 14.8627 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.8202 | |
| Elder Ray (13): | -0.0337 | |
| Super Trend (3,10): | 14.9884 | |
| Zig ZAG (10): | 14.9003 | |
| VORTEX (21): | 0.8221 | |
| Stochastique (14,3,5): | 28.98 | |
| TEMA (21): | 14.8264 | |
| Williams %R (14): | -65.14 | |
| Chande Momentum Oscillator (20): | -0.1012 | |
| Repulse (5,40,3): | 0.1364 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0834 | |
| Courbe Coppock: | 2.29 |
| MA7: | 14.9997 | |
| MA20: | 14.9521 | |
| MA50: | 15.0452 | |
| MA100: | 14.9101 | |
| MAexp7: | 14.8909 | |
| MAexp20: | 14.9723 | |
| MAexp50: | 15.0655 | |
| MAexp100: | 15.0444 | |
| Price / MA7: | -0.82% | |
| Price / MA20: | -0.51% | |
| Price / MA50: | -1.12% | |
| Price / MA100: | -0.23% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.64% | |
| Price / MAexp50: | -1.26% | |
| Price / MAexp100: | -1.12% |
This member declared not having a position on this financial instrument or a related financial instrument.
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