CHF/ZAR - 1H - Technical analysis published on 01/03/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 14.6029 ZAR
My targets
14.7449 ZAR (+0.1148)
14.9415 ZAR (+0.3114)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CHF/ZAR as long as the price remains well above 14.6029 ZAR. The buyers” bullish objective is set at 14.7449 ZAR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 14.9415 ZAR. If there is any crossing, the next objective would be the resistance located at 15.1481 ZAR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.8
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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 rating is 14.6301 ZAR. The price has increased by +0.87% since the last closing with the lowest point at 14.5002 ZAR and the highest point at 14.7222 ZAR. The deviation from the price is +0.90% for the low point and -0.63% for the high point.14.5002
14.7222
14.6301
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHF/ZAR:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHF/ZAR indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
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 which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.5344 | 14.5640 | 14.6029 | 14.6301 | 15.1481 | 15.4463 | 15.8702 |
| Change (%) | -0.65% | -0.45% | -0.19% | - | +3.54% | +5.58% | +8.48% |
| Change | -0.0957 | -0.0661 | -0.0272 | - | +0.5180 | +0.8162 | +1.2401 |
| Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | Major |
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 | 14.2450 | 14.3092 | 14.4067 | 14.4709 | 14.5684 | 14.6326 | 14.7301 |
| Camarilla | 14.4598 | 14.4747 | 14.4895 | 14.5043 | 14.5191 | 14.5339 | 14.5488 |
| Woodie | 14.2618 | 14.3175 | 14.4235 | 14.4792 | 14.5852 | 14.6409 | 14.7469 |
| Fibonacci | 14.3092 | 14.3709 | 14.4091 | 14.4709 | 14.5326 | 14.5708 | 14.6326 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.0552 | 14.1863 | 14.2851 | 14.4162 | 14.5150 | 14.6461 | 14.7449 |
| Camarilla | 14.3208 | 14.3419 | 14.3629 | 14.3840 | 14.4051 | 14.4262 | 14.4472 |
| Woodie | 14.0392 | 14.1782 | 14.2691 | 14.4081 | 14.4990 | 14.6380 | 14.7289 |
| Fibonacci | 14.1863 | 14.2741 | 14.3283 | 14.4162 | 14.5040 | 14.5582 | 14.6461 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.4111 | 13.8642 | 14.1763 | 14.6294 | 14.9415 | 15.3946 | 15.7067 |
| Camarilla | 14.2780 | 14.3481 | 14.4183 | 14.4884 | 14.5585 | 14.6287 | 14.6988 |
| Woodie | 13.3406 | 13.8290 | 14.1058 | 14.5942 | 14.8710 | 15.3594 | 15.6362 |
| Fibonacci | 13.8642 | 14.1565 | 14.3371 | 14.6294 | 14.9217 | 15.1023 | 15.3946 |
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): | 76.50 | |
| MACD (12,26,9): | 0.0433 | |
| Directional Movement: | 28.6851 | |
| AROON (14): | 71.4285 | |
| DEMA (21): | 14.6233 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.5821 | |
| Elder Ray (13): | 0.1110 | |
| Super Trend (3,10): | 14.5818 | |
| Zig ZAG (10): | 14.6905 | |
| VORTEX (21): | 1.3174 | |
| Stochastique (14,3,5): | 87.64 | |
| TEMA (21): | 14.6592 | |
| Williams %R (14): | -14.60 | |
| Chande Momentum Oscillator (20): | 0.1861 | |
| Repulse (5,40,3): | 0.4216 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 1.74 |
| MA7: | 14.4997 | |
| MA20: | 14.6048 | |
| MA50: | 14.7728 | |
| MA100: | 14.9517 | |
| MAexp7: | 14.6290 | |
| MAexp20: | 14.5546 | |
| MAexp50: | 14.5152 | |
| MAexp100: | 14.4967 | |
| Price / MA7: | +0.90% | |
| Price / MA20: | +0.17% | |
| Price / MA50: | -0.97% | |
| Price / MA100: | -2.15% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.52% | |
| Price / MAexp50: | +0.79% | |
| Price / MAexp100: | +0.92% |
This member declared not having a position on this financial instrument or a related financial instrument.
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