CHF/ZAR - 1H - Technical analysis published on 12/11/2019 (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:
Neutral
De fond:
Bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 14.8999 ZAR
My targets
15.0825 ZAR (+0.1080)
15.1620 ZAR (+0.1875)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 14.8999 ZAR remains possible. It is advisable to trade CHF/ZAR with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 14.8999 ZAR. The next bullish objective for buyers is set at 15.0825 ZAR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 15.1620 ZAR. If there is any crossing, the next objective would be the resistance located at 15.4463 ZAR. PS: if there is a bearish break in the support located at 14.8999 ZAR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
2.1
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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 14.9745 ZAR. The price is lower by -0.30% since the last closing with the lowest point at 14.9596 ZAR and the highest point at 15.0514 ZAR. The deviation from the price is +0.10% for the low point and -0.51% for the high point.14.9596
15.0514
14.9745
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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:
Technical
Technical analysis of CHF/ZAR in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
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 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Support of triangle 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 | 14.7128 | 14.8219 | 14.8999 | 14.9745 | 15.0825 | 15.1620 | 15.4463 |
Change (%) | -1.75% | -1.02% | -0.50% | - | +0.72% | +1.25% | +3.15% |
Change | -0.2617 | -0.1526 | -0.0746 | - | +0.1080 | +0.1875 | +0.4718 |
Level | Intermediate | Major | Minor | - | 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 | 14.5890 | 14.7003 | 14.8599 | 14.9712 | 15.1308 | 15.2421 | 15.4017 |
Camarilla | 14.9450 | 14.9698 | 14.9947 | 15.0195 | 15.0443 | 15.0692 | 15.0940 |
Woodie | 14.6132 | 14.7124 | 14.8841 | 14.9833 | 15.1550 | 15.2542 | 15.4259 |
Fibonacci | 14.7003 | 14.8038 | 14.8677 | 14.9712 | 15.0747 | 15.1386 | 15.2421 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 14.3351 | 14.4769 | 14.6164 | 14.7582 | 14.8977 | 15.0395 | 15.1790 |
Camarilla | 14.6786 | 14.7044 | 14.7302 | 14.7560 | 14.7818 | 14.8076 | 14.8334 |
Woodie | 14.3341 | 14.4763 | 14.6154 | 14.7576 | 14.8967 | 15.0389 | 15.1780 |
Fibonacci | 14.4769 | 14.5843 | 14.6507 | 14.7582 | 14.8656 | 14.9320 | 15.0395 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 13.6566 | 14.1373 | 14.3943 | 14.8750 | 15.1320 | 15.6127 | 15.8697 |
Camarilla | 14.4485 | 14.5162 | 14.5838 | 14.6514 | 14.7190 | 14.7867 | 14.8543 |
Woodie | 13.5449 | 14.0814 | 14.2826 | 14.8191 | 15.0203 | 15.5568 | 15.7580 |
Fibonacci | 14.1373 | 14.4191 | 14.5932 | 14.8750 | 15.1568 | 15.3309 | 15.6127 |
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): | 47.36 | |
MACD (12,26,9): | 0.0241 | |
Directional Movement: | -4.0127 | |
AROON (14): | -7.1429 | |
DEMA (21): | 15.0409 | |
Parabolic SAR (0,02-0,02-0,2): | 15.0704 | |
Elder Ray (13): | -0.0317 | |
Super Trend (3,10): | 14.9691 | |
Zig ZAG (10): | 14.9716 | |
VORTEX (21): | 1.0137 | |
Stochastique (14,3,5): | 21.83 | |
TEMA (21): | 15.0275 | |
Williams %R (14): | -79.96 | |
Chande Momentum Oscillator (20): | -0.0480 | |
Repulse (5,40,3): | -0.4300 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.0402 | |
Courbe Coppock: | 0.12 |
MA7: | 14.8634 | |
MA20: | 14.8361 | |
MA50: | 14.9268 | |
MA100: | 15.0509 | |
MAexp7: | 15.0150 | |
MAexp20: | 15.0008 | |
MAexp50: | 14.9406 | |
MAexp100: | 14.8835 | |
Price / MA7: | +0.75% | |
Price / MA20: | +0.93% | |
Price / MA50: | +0.32% | |
Price / MA100: | -0.51% | |
Price / MAexp7: | -0.27% | |
Price / MAexp20: | -0.18% | |
Price / MAexp50: | +0.23% | |
Price / MAexp100: | +0.61% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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