CHF/ZAR - 1H - Technical analysis published on 11/15/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 14.9343 ZAR
My targets
14.8750 ZAR (-0.25%)
14.8348 ZAR (-0.52%)
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 14.9343 ZAR. The next support located at 14.8750 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 14.8348 ZAR. Below this support, sellers could then target 14.7010 ZAR. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
7.3
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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 14.9126 ZAR. On the day, this instrument lost -0.53% and was between 14.8971 ZAR and 15.0017 ZAR. This implies that the price is at +0.10% from its lowest and at -0.59% from its highest.14.8971
15.0017
14.9126
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this CHF/ZAR chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.7010 | 14.8348 | 14.8750 | 14.9126 | 14.9343 | 14.9936 | 15.0960 |
| Change (%) | -1.42% | -0.52% | -0.25% | - | +0.15% | +0.54% | +1.23% |
| Change | -0.2116 | -0.0778 | -0.0376 | - | +0.0217 | +0.0810 | +0.1834 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Intermediate | Minor |
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 | 14.6834 | 14.8091 | 14.9005 | 15.0262 | 15.1176 | 15.2433 | 15.3347 |
| Camarilla | 14.9321 | 14.9520 | 14.9719 | 14.9918 | 15.0117 | 15.0316 | 15.0515 |
| Woodie | 14.6662 | 14.8005 | 14.8833 | 15.0176 | 15.1004 | 15.2347 | 15.3175 |
| Fibonacci | 14.8091 | 14.8921 | 14.9433 | 15.0262 | 15.1092 | 15.1604 | 15.2433 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.2838 | 14.4924 | 14.6912 | 14.8998 | 15.0986 | 15.3072 | 15.5060 |
| Camarilla | 14.7780 | 14.8153 | 14.8527 | 14.8900 | 14.9274 | 14.9647 | 15.0020 |
| Woodie | 14.2789 | 14.4900 | 14.6863 | 14.8974 | 15.0937 | 15.3048 | 15.5011 |
| Fibonacci | 14.4924 | 14.6480 | 14.7442 | 14.8998 | 15.0554 | 15.1516 | 15.3072 |
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): | 33.96 | |
| MACD (12,26,9): | -0.0291 | |
| Directional Movement: | -10.7356 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 14.9307 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.9664 | |
| Elder Ray (13): | -0.0281 | |
| Super Trend (3,10): | 15.0213 | |
| Zig ZAG (10): | 14.9078 | |
| VORTEX (21): | 0.8723 | |
| Stochastique (14,3,5): | 16.99 | |
| TEMA (21): | 14.9153 | |
| Williams %R (14): | -90.29 | |
| Chande Momentum Oscillator (20): | -0.0868 | |
| Repulse (5,40,3): | -0.2829 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0276 | |
| Courbe Coppock: | 0.95 |
| MA7: | 14.9598 | |
| MA20: | 14.9286 | |
| MA50: | 14.9869 | |
| MA100: | 14.9382 | |
| MAexp7: | 14.9383 | |
| MAexp20: | 14.9716 | |
| MAexp50: | 15.0036 | |
| MAexp100: | 15.0023 | |
| Price / MA7: | -0.32% | |
| Price / MA20: | -0.11% | |
| Price / MA50: | -0.50% | |
| Price / MA100: | -0.17% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | -0.39% | |
| Price / MAexp50: | -0.61% | |
| Price / MAexp100: | -0.60% |
This member declared not having a position on this financial instrument or a related financial instrument.
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