CHF/ZAR - 1H - Technical analysis published on 11/22/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 14.7593 ZAR
My targets
14.5640 ZAR (-0.96%)
14.0765 ZAR (-4.27%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CHF/ZAR as long as the price remains well below 14.7593 ZAR. The sellers” bearish objective is set at 14.5640 ZAR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 14.0765 ZAR. In case of crossing, the next objective would be the support located at 13.8311 ZAR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
7.1
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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
CHF/ZAR rating 14.7047 ZAR. On the day, this instrument lost -0.56% and was traded between 14.6853 ZAR and 14.8133 ZAR over the period. The price is currently at +0.13% from its lowest and -0.73% from its highest.14.6853
14.8133
14.7047
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CHF/ZAR in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 4 are bullish, 4 are neutral and 10 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of triangle 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
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 13.8311 | 14.0765 | 14.5640 | 14.7047 | 14.7593 | 14.8674 | 14.9217 |
| Change (%) | -5.94% | -4.27% | -0.96% | - | +0.37% | +1.11% | +1.48% |
| Change | -0.8736 | -0.6282 | -0.1407 | - | +0.0546 | +0.1627 | +0.2170 |
| Level | Minor | Intermediate | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.5123 | 14.6358 | 14.7116 | 14.8351 | 14.9109 | 15.0344 | 15.1102 |
| Camarilla | 14.7326 | 14.7509 | 14.7691 | 14.7874 | 14.8057 | 14.8239 | 14.8422 |
| Woodie | 14.4885 | 14.6239 | 14.6878 | 14.8232 | 14.8871 | 15.0225 | 15.0864 |
| Fibonacci | 14.6358 | 14.7119 | 14.7590 | 14.8351 | 14.9112 | 14.9583 | 15.0344 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.5316 | 11.6269 | 11.6854 | 11.7807 | 11.8392 | 11.9345 | 11.9930 |
| Camarilla | 11.7017 | 11.7158 | 11.7299 | 11.7440 | 11.7581 | 11.7722 | 11.7863 |
| Woodie | 11.5133 | 11.6177 | 11.6671 | 11.7715 | 11.8209 | 11.9253 | 11.9747 |
| Fibonacci | 11.6269 | 11.6856 | 11.7219 | 11.7807 | 11.8394 | 11.8757 | 11.9345 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 26.66 | |
| MACD (12,26,9): | -0.0317 | |
| Directional Movement: | -23.4298 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 14.7489 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.8133 | |
| Elder Ray (13): | -0.0576 | |
| Super Trend (3,10): | 14.8073 | |
| Zig ZAG (10): | 14.7004 | |
| VORTEX (21): | 0.7965 | |
| Stochastique (14,3,5): | 28.70 | |
| TEMA (21): | 14.7394 | |
| Williams %R (14): | -95.23 | |
| Chande Momentum Oscillator (20): | -0.0872 | |
| Repulse (5,40,3): | -0.6021 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0299 | |
| Courbe Coppock: | 0.58 |
| MA7: | 14.7422 | |
| MA20: | 14.9102 | |
| MA50: | 14.9792 | |
| MA100: | 14.9638 | |
| MAexp7: | 14.7553 | |
| MAexp20: | 14.7907 | |
| MAexp50: | 14.8392 | |
| MAexp100: | 14.8774 | |
| Price / MA7: | -0.25% | |
| Price / MA20: | -1.38% | |
| Price / MA50: | -1.83% | |
| Price / MA100: | -1.73% | |
| Price / MAexp7: | -0.34% | |
| Price / MAexp20: | -0.58% | |
| Price / MAexp50: | -0.91% | |
| Price / MAexp100: | -1.16% |
This member declared not having a position on this financial instrument or a related financial instrument.
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